... duties and such duties are clerical or administrative in nature, the employee will likely be exempt from licensing by virtue of section 123(2) of the Ordinance. Section 79 Exemption 3.12. Under section 79 of the Ordinance, a person may apply to the IA for an exemption from any provision under Part X of...

... bank selling insurance as an insurance agency is therefore required to be registered with the Insurance Agents Registration Board (“IARB”) of the Hong Kong Federation of Insurers. Part X of the Insurance Companies Ordinance provides the legal backing to this self-regulatory mechanism. Those bank staff...

... duties and such duties are clerical or administrative in nature, the employee will likely be exempt from licensing by virtue of section 123(2) of the Ordinance. Section 79 Exemption 3.12. Under section 79 of the Ordinance, a person may apply to the IA for an exemption from any provision under Part X of...

... HONG KONG MONEY LAUNDERING AND TERRORIST FINANCING RISK ASSESSMENT REPORT April 2018 FOREWORD BY FINANCIAL SECRETARY i HONG KONG’S ANTI-MONEY LAUNDERING/COUNTER- FINANCING OF TERRORISM POLICY iii EXECUTIVE SUMMARY v 1. INTRODUCTION TO HONG KONG 1 Geographical Position Population Language Government...

... HONG KONG MONEY LAUNDERING AND TERRORIST FINANCING RISK ASSESSMENT REPORT April 2018 FOREWORD BY FINANCIAL SECRETARY i HONG KONG’S ANTI-MONEY LAUNDERING/COUNTER- FINANCING OF TERRORISM POLICY iii EXECUTIVE SUMMARY v 1. INTRODUCTION TO HONG KONG 1 Geographical Position Population Language Government...

... HONG KONG MONEY LAUNDERING AND TERRORIST FINANCING RISK ASSESSMENT REPORT April 2018 FOREWORD BY FINANCIAL SECRETARY i HONG KONG’S ANTI-MONEY LAUNDERING/COUNTER- FINANCING OF TERRORISM POLICY iii EXECUTIVE SUMMARY v 1. INTRODUCTION TO HONG KONG 1 Geographical Position Population Language Government...

... Insurance Intermediaries Quality Assurance Scheme Principles and Practice of Insurance Examination Study Notes 2013 Edition PREFACE These Study Notes have been prepared to correspond with the various Chapters in the Syllabus for the Principles and Practice of Insurance Examination. The Examination...

... benefit x number of payments) is therefore decreasing as time goes by). Suppose a life insured under a 5-year family income plan for a monthly benefit of $1,000 dies at the end of year 4. The plan will pay the beneficiary 12 monthly payments of $1,000 each, totalling $12,000. On the other hand, a death at...

...: perhaps linked with another policy plan which provides a lump sum payment on death, a family income plan will pay a stated monthly death benefit to the beneficiaries for the remainder of a specified period (the total amount payable (i.e. monthly benefit x number of payments) is therefore decreasing as...

... benefit x number of payments) is therefore decreasing as time goes by). Suppose a life insured under a 5-year family income plan for a monthly benefit of $1,000 dies at the end of year 4. The plan will pay the beneficiary 12 monthly payments of $1,000 each, totalling $12,000. On the other hand, a death at...