... implications of the replacement： a) You could be paying the policy set-up cost TWICE – the set-up cost is usually two years premiums or 10% of single premium of the basic life insurance policy replaced/to be replaced (This is for reference only; the Agent/Broker should advise you of the estimated loss for this...

... abbreviations used in this Guideline shall be interpreted by reference to the definitions set out in the Glossary part of this Guideline. Interpretation of other words or phrases should follow those set out in the AMLO and the IO. 1.3 This Guideline is issued by the Insurance Authority for giving guidance to...

... enhanced disclosure requirements under IFRS 17 will provide users of financial statements, including shareholders, investors and, of course, the IA, with readily comparable data and new set of IFRS 17 Key Performance Indicators. The introduction of contractual service margin (CSM) illustrates the value...

... time if the IA is of the view that: (a) the policy concerned does not or will no longer comply with any of the criteria set out in Annex A; or (b) the continued availability of the QDAP would adversely affect the interests of policy holders or potential policy holders. 4 6. Other Requirements 6.1...

... than 6 months to IA with details as set out in Annex O. In case insurers prefer to have more time allowed for policy holders to settle the outstanding levies, can this overdue period be extended beyond 6 months before reporting to IA? A19...

... time if the IA is of the view that: (a) the policy concerned does not or will no longer comply with any of the criteria set out in Annex A; or (b) the continued availability of the QDAP would adversely affect the interests of policy holders or potential policy holders. 4 6. Other Requirements 6.1...

... Laundering (FATF), the application of the proposed further counter-measures against the Philippines as set out in the specific advisory attached to the above letter in respect of transactions with the Philippines would be suspended. On 29 September 2001, the FATF received a joint letter from the...