... of the insurance products concerned before the customers make a purchase decision. The upfront disclosure should include, where applicable, objective(s); type and nature of the policy; target benefit period; payment period; level of premiums payable; prominent warning to the customer concerning...

... that he/ she/ it is guilty of misconduct or is not fit and proper. One type of disciplinary action that the IA may take is ordering a person to pay a pecuniary penalty not exceeding the amount which is the greater of (i) HK$10 million; or (ii) 3 times the amount of the profit gained or loss avoided by...

... that he/ she/ it is guilty of misconduct or is not fit and proper. One type of disciplinary action that the IA may take is ordering a person to pay a pecuniary penalty not exceeding the amount which is the greater of (i) HK$10 million; or (ii) 3 times the amount of the profit gained or loss avoided by...

... Commissions Receivable 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 69.5 88.1 88.1 126.5 159.0 47.4 37.6 36.3 37.9 57.4 40.5 34.8 50.7 50.6 52.9 (0.1) 2.5 2.6 0.7 4.4 1.5 3.0 4.8 7.6 2.6 0.0 0.0 0.1 0.0 0.0 42.2 37.5 28.5 45.4 42.7...

... and diverse - it covers 45 million square kilometres or 30% of total land area on this planet, and is the home to 4.5 billion people or roughly 60% of the global population. There are 48 nations with different cultural backgrounds, religious beliefs and states of development. As a local guy born and...

... and diverse - it covers 45 million square kilometres or 30% of total land area on this planet, and is the home to 4.5 billion people or roughly 60% of the global population. There are 48 nations with different cultural backgrounds, religious beliefs and states of development. As a local guy born and...

... and diverse - it covers 45 million square kilometres or 30% of total land area on this planet, and is the home to 4.5 billion people or roughly 60% of the global population. There are 48 nations with different cultural backgrounds, religious beliefs and states of development. As a local guy born and...

...) Size and type of insurance business, and targeted users iii) Technology involved iv) Expected outcome and success criteria of the trial B. Risk management controls C. Customer protection D. Resources and readiness of the insurer E. Exit strategy 19 “Fast Track” • A dedicated queue for new authorization...

... authorities and/or law enforcement agencies during the investigation of the contravention; and (iv) the likelihood that the insurance institution will commit the same type of contravention in the future if no or a lighter penalty is imposed. (c) The previous disciplinary record and compliance history of the...

...) Size and type of insurance business, and targeted users iii) Technology involved iv) Expected outcome and success criteria of the trial B. Risk management controls C. Customer protection D. Resources and readiness of the insurer E. Exit strategy 19 “Fast Track” • A dedicated queue for new authorization...