... GL24. Example 4(a): The individual licensee (who is not a Travel Insurance Agent) was registered with the Insurance Agents Registration Board (“IARB”) on 22 August 2019 and remained registered with IARB immediately before 23 September 2019. The individual is required to earn a minimum of 8 CPD hours for...

... strengthening their ERM system. As reflected in the Consultation Conclusions on the RBC framework1 issued by the former Office of the Commissioner of Insurance (“OCI”) in September 2015, the respondents generally agreed with the introduction of Pillar 2 requirements ahead of Pillar 1 (i.e. quantitative...

..., Hong Kong, Macao and Shenzhen. We shall continue to work closely with our Mainland counterparts to further explore opportunities for our insurance industry in the Mainland market. OCI Annual Report 2015 14 To enhance consumer protection, we issued the Guidance Note on Underwriting Long Term Insurance...

..., Hong Kong, Macao and Shenzhen. We shall continue to work closely with our Mainland counterparts to further explore opportunities for our insurance industry in the Mainland market. OCI Annual Report 2015 14 To enhance consumer protection, we issued the Guidance Note on Underwriting Long Term Insurance...

..., Hong Kong, Macao and Shenzhen. We shall continue to work closely with our Mainland counterparts to further explore opportunities for our insurance industry in the Mainland market. OCI Annual Report 2015 14 To enhance consumer protection, we issued the Guidance Note on Underwriting Long Term Insurance...

... Products” dated September 2020, issued by the HKMA (the “Report”). The MSP was carried out from the second half of 2018 to 2020 by a service provider engaged by the HKMA. With regards to insurance products, the focus of the MSP was on long term business. As regards the sale of insurance products, whilst...

... Nations Sanctions (Democratic Republic of the Congo) Regulation 2017 The United Nations Sanctions (Democratic Republic of the Congo) Regulation 2017 (“the Congo Regulation”) has been published in the Gazette (L.N. 149 of 2017) on 15 September 2017 and is available on the Government’s website http...

... Fulfillment Ratio Fulfillment Ratio Examples Example 1: Participating policy with annual and terminal dividends Assume that the policy was issued on 1 January 2020: End of Policy Year...

... insurance policy by misrepresentation, fraud or unethical means; wrongful conduct in signing or completing insurance related documents; improper conduct in the carrying on of insurance business or regulated activities (e.g. failing to comply with the requirements in the Insurance...