... applicant should be prepared to procure a letter of credit in favour of the Insurance Authority (“IA”) of an amount not less than HK$100,000. The letter of credit shall contain terms and conditions approved by the IA which shall include the following: • it must be issued by a bank as defined in the Banking...

... 10 15 20 25 30 At age 65 (5-year interval) At age 100 Explanation on above illustration: Please refer to the Explanation Notes Section. 2 Name of Applicant: _______________Signature: _______________________Date: _______________________ 3b. Basic Plan Illustration (Optional) The table below...

... 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...

... Kong General Insurance Business Statistics 2020 Slight discrepancies may be found in the same type of figures in different statistical tables due to rounding off. A total of 108 insurers submitted their Hong Kong General Business Returns with annual accounting basis for 2020, which are covered in these...

... Business Statistics 2018 Slight discrepancies may be found in the same type of figures in different statistical tables due to rounding off. A total of 106 insurers submitted their Hong Kong General Business Returns with annual accounting basis for 2018, which are covered in these statistics (see Appendix 1...

... 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...