... be made until all the information required is available. In this connection, it is advisable to hold preliminary meetings with the Insurance Authority before submitting the formal application. (b) The company should not commence to carry on any insurance business in or from Hong Kong, or make any...

... information required is available. In this connection, it is advisable to hold preliminary meetings with the Insurance Authority before submitting the formal application. (b) The company should not commence to carry on any insurance business in or from Hong Kong, or make any press announcement, until its...

..., the MPFA is the authority to register MPF intermediaries, to issue guidelines on compliance with statutory requirements applicable to registered MPF intermediaries, and to impose disciplinary sanctions. On the other hand, the Insurance Authority (“IA”) is given the statutory...

... transparent manner, is particularly relevant in this respect, as it is from this that the principles and standards on claims handling in the IA’s Guidelines are drawn: 1) An authorized insurer should establish documented claims handling procedures with indicative time periods for handling...

... par with international best practices. In June 2016, we issued the Guidance Note on Reinsurance (GN17), which set out the principles for establishing sound reinsurance management frameworks, and also provide guidance on reinsurance reporting and how we will assess the adequacy of reinsurance...

... par with international best practices. In June 2016, we issued the Guidance Note on Reinsurance (GN17), which set out the principles for establishing sound reinsurance management frameworks, and also provide guidance on reinsurance reporting and how we will assess the adequacy of reinsurance...

... par with international best practices. In June 2016, we issued the Guidance Note on Reinsurance (GN17), which set out the principles for establishing sound reinsurance management frameworks, and also provide guidance on reinsurance reporting and how we will assess the adequacy of reinsurance...

... communications with and explanations to the IA, the LIC is pleased to attach the revised Initiative on FNA with an expanded list of exempted products (with mark-ups). The clean version can be downloaded from HKFI website at the following hyperlink: https://www.hkfi.org.hk/#!/resources-centre/codes-and-standards...

... Fourth virtual insurer granted new authorization under Fast Track 4 May 2020 The Insurance Authority (IA) today (4 May 2020) granted authorization under Fast Track to the fourth virtual insurer, which is affiliated with a locally listed company with...

... reporting § No threshold for reporting § Legal protection from civil or criminal liability § No tipping-off after reporting § The source of the report is protected Suspicious Transaction Reporting Joint Financial Intelligence Unit Agenda u About JFIU u Relevant Legislations u STR Statistics u Red Flag...