... if you do not reply.] 2. What type(s) of insurance products you are looking for to meet your objectives above? (tick one or more) a)  Pure insurance product (without any savings or investment element) (e.g. term insurance) b)  Insurance product with savings element (with savings but without...

... to briefly explain what ILAS is as a product type in general, without exploring any ILAS product options to the customer. IV. IMPLEMENTATION Q 10. Is there any transitional arrangement for FNA performed before the implementation date of 1 January 2016 but the policy concerned is not issued before...

... outsourcing. Q7 In selling an insurance policy, if the insurance agent is authorized to issue the policy on behalf of the authorized insurer, would such activity be regarded as outsourcing? A7 Such activity is a type of ancillary services relating to the sale of insurance policies by an insurance agent and is...

... appointed technical representatives (“TRs”). It is also noteworthy that over 80% of insurance agencies surveyed engage solely in general business. 2. In terms of the type of products being offered by the insurance agencies, motor vehicle insurance was the most popular product, which was offered by 82% of...

... appointed technical representatives (“TRs”). It is also noteworthy that over 80% of insurance agencies surveyed engage solely in general business. 2. In terms of the type of products being offered by the insurance agencies, motor vehicle insurance was the most popular product, which was offered by 82% of...

... and type of mitigation to be applied; (c) obtained the approval of senior management on the assessment results; (d) a process by which the risk assessment is kept up-to-date; and (e) appropriate mechanisms to provide your risk assessment to the Insurance Authority when required to do so. Should you...

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