... relation to insurance claims. The IA cannot adjudicate insurance claims or order payment of compensation. It can, however, handle complaints related to the process by which claims are handled (e.g. delays in processing, lack of controls or weaknesses in governance, areas of inefficiency in the claims...

... annuity insurance policy has to satisfy in order to obtain the necessary certification from the IA to become a QDAP, the process for obtaining that certification and the ongoing requirements which authorized insurers have to meet in respect of the promotion, arrangement and administration of QDAPs. 1.5...

... contract and then issuing ILS to investors to collateralize the risk acquired. A company will need to meet certain requirements in order to be authorized by the IA as an SPI, including – (a) the company will be fully-funded, meaning that the full liabilities of the company to the cedant must be fully...

... relation to insurance claims. The IA cannot adjudicate insurance claims or order payment of compensation. It can, however, handle complaints related to the process by which claims are handled (e.g. delays in processing, lack of controls or weaknesses in governance, areas of inefficiency in the claims...

... enable them to monitor the CPD compliance status of their appointed individual licensees. The IA will also send the finalized CPD Lists to these appointing principals in early August 2022. However, in order to access their CPD Lists as they are updated, it is imperative that these appointing principals...

... annuity insurance policy has to satisfy in order to obtain the necessary certification from the IA to become a QDAP, the process for obtaining that certification and the ongoing requirements which authorized insurers have to meet in respect of the promotion, arrangement and administration of QDAPs. 1.5...

...        Q  3. For refundable  insurance policies under 1(a)(ii), does  it have to be 100% or more  “refundable” in order for the FNA requirement be exempted?  A  3. Yes.    For those refundable insurance policies which are not 100% refundable (e.g.  the amount refunded would be less than 100% if claims have...

... the form  as policy endorsement, is not considered as a top‐up.        Q  3. For refundable  insurance policies under 1(a)(ii), does  it have to be 100% or more  “refundable” in order for the FNA requirement be exempted?  A  3. Yes.    For those refundable insurance policies which are not 100...

... be fit and proper persons to carry on regulated activities. Licensed insurance intermediaries who are individuals should continuously update their technical and regulatory knowledge and refresh themselves on the ethical standards through CPD in order to ensure their professional competence in...