... Mortality_Protection_Gap_Report_eng Mortality Protection Gap Study 2021 Table of Contents 01 I. Introduction 04 II. Overview of Hong Kong life insurance market 05 III. Why is the mortality protection gap worth attention? 07 IV. Defining the mortality protection gap 09 V. Mortality protection gap...

... potential policy holders; (ii) the ongoing servicing of QDAPs (such as issuance of the Annual Summary); (iii) training; and (iv) record keeping requirements. 7. Commencement 7.1 This Guideline shall take effect on 1 April 2019. March 2019 5 Annex A – Criteria for QDAP General 1. The policy is underwritten...

... following three purposes – (i) defining “eligible investors” to whom ILS may be sold or offered for purchase; (ii) prescribing a minimum investment size for ILS; and (iii) prescribing the offences and the relevant penalties whereby (i) and (ii) are contravened. 16. We have elaborated on the policy intent...

... potential policy holders; (ii) the ongoing servicing of QDAPs (such as issuance of the Annual Summary); (iii) training; and (iv) record keeping requirements. 7. Commencement 7.1 This Guideline shall take effect on 1 April 2019. March 2019 5 Annex A – Criteria for QDAP General 1. The policy is underwritten...

... that I am willing to pay the premiums for the entire payment term of the ILAS policy. Name of Customer Signature of Customer Date Name of Licensed Insurance Intermediary Signature of Licensed Insurance Intermediary Date # delete as appropriate Section III: Suitability Declaration I (“customer...

... that I am willing to pay the premiums for the entire payment term of the ILAS policy. Name of Customer Signature of Customer Date Name of Licensed Insurance Intermediary Signature of Licensed Insurance Intermediary Date # delete as appropriate Section III: Suitability Declaration I (“customer...

... phase; and (iii) the completion phase. An outline of each of the stages is set out below. What happens before the IA comes on-site? The IA will contact the relevant licensed insurance broker company about the inspection around one month prior to the intended on-site stage of...

... time. Such systems will vary from insurer to insurer, but should be: (i) sufficiently robust to reflect the scale of the risks and the investment activity undertaken; (ii) capable of accurately capturing and measuring all significant risks in a timely manner; (iii) understood by all relevant personnel...