... the minimum standards and practices that should be implemented and adopted by authorized insurers and licensed insurance intermediaries in that sale process in order to achieve the objectives stated in this Guideline and ensure fair treatment of customers. 2 2. Scope and Interpretation 2.1 This...

... 1 Memorandum of Understanding between the Insurance Authority and the Insurance Complaints Bureau I. Introduction 1. This Memorandum of Understanding ("MoU") sets out a framework between the Insurance Authority ("IA") and the Insurance Complaints Bureau ("ICB") (each referred to as a “Party...

... GL4 GUIDELINE ON “FIT AND PROPER” CRITERIA UNDER THE INSURANCE ORDINANCE (CAP. 41) Insurance Authority Contents Page 1. Introduction ………………………..………………….…. 1 2. Approval / Notification Requirements for Appointments of Certain Positions ……....…………....………………......... 1 3. Factors for Determining “Fit...

... GL4 GUIDELINE ON “FIT AND PROPER” CRITERIA UNDER THE INSURANCE ORDINANCE (CAP. 41) Insurance Authority Contents Page 1. Introduction ………………………..………………….…. 1 2. Approval / Notification Requirements for Appointments of Certain Positions ……....…………....………………......... 1 3. Factors for Determining “Fit...

... wealth in order to close the MPG. Key findings from the cases of these five individuals life policies as ranging between HKD assured are grossly insufficient for the should ensure a sufficient amount of 200,000 and HKD 1,000,000, amongst all 24 VII. Implications of the Study 29. Life insurance is one of...