... modified requirement. In order to encourage them making up mind earlier, the fee for deleting line of business, i.e. changing from LI to LX or G+LI to G+LX, will be waived from now till 28 February 2011. Such waiver applies also to deletion of other line of business during the said period. For information...

... that falls in the midst of a month would effectively mean that the Member has to keep daily record of insurance brokerage income for that particular month in order to determine the required limit of indemnity for the next policy year and to assess its adequacy. It may be wise to pick the first day of a...

... duty as insurance brokers should be product-free when conducting this procedure. 12. In order to assess clients’ needs, Members should ensure that they understand, among others, the clients’:- 12.1 existing and potential financial commitments (e.g. monthly living and family expenses) and liabilities...

... implementation of the new regulatory regime under the Insurance Companies Ordinance (Cap. 41) as amended by the Insurance Companies (Amendment) Ordinance 2015 and renamed as the Insurance Ordinance (Cap. 41) (“IO”); and (b) aims to further strengthen the co-operation between the SFC and the IA in order to...

... implementation of the new regulatory regime under the Insurance Companies Ordinance (Cap. 41) as amended by the Insurance Companies (Amendment) Ordinance 2015 and renamed as the Insurance Ordinance (Cap. 41) (“IO”); and (b) aims to further strengthen the co-operation between the SFC and the IA in order to...

... implementation of the new regulatory regime under the Insurance Companies Ordinance (Cap. 41) as amended by the Insurance Companies (Amendment) Ordinance 2015 and renamed as the Insurance Ordinance (Cap. 41) (“IO”); and (b) aims to further strengthen the co-operation between the SFC and the IA in order to...

... require financial support in order to achieve their aims. There is often a need for them to obscure or disguise links between them and their funding sources. It follows then that terrorist groups must similarly find ways to launder funds, regardless of whether the funds are from a legitimate or...

..., the IAIS has published a revision of the Application Paper on Combating Money Laundering and Terrorist Financing, which entails updates in order to align terminology and to ensure consistency with the FATF recommendations, as well as new guidance on elements reflected in the latest version of ICP 22....

..., contact lenses, and fragile or brittle articles may be excluded. Policyholders should therefore read the policy terms and conditions carefully. This covers the loss of personal money (e.g. cash, bank cashier’s order and cheques) due to theft, robbery or burglary during the journey....