... the correct order, with an FNA and RPQ at the heart of the process. 3 Effective date Member Companies which sell ILAS products are required to implement the Requirements as soon as practicable and in any event no later than 1 January 2015. 4 Requirements 4.1 Proper Sales Process The intermediary must...

... revisions have been made to the Standards and Practices in General Principle 5 in view of the feedback received.  We have revised our requirement so that a licence number must be provided in any event and not just upon request (Standard and Practice 5.1(a)(ii)).  The information that needs to be shown on...

... number must be provided in any event and not just upon request (Standard and Practice 5.1(a)(ii)).  The information that needs to be provided in a licensed technical representative (broker)’s business card, is not mandated to be in his/her e-mail sign off. We would, however, encourage such inclusion as...

... revisions have been made to the Standards and Practices in General Principle 5 in view of the feedback received.  We have revised our requirement so that a licence number must be provided in any event and not just upon request (Standard and Practice 5.1(a)(ii)).  The information that needs to be shown on...

... number must be provided in any event and not just upon request (Standard and Practice 5.1(a)(ii)).  The information that needs to be provided in a licensed technical representative (broker)’s business card, is not mandated to be in his/her e-mail sign off. We would, however, encourage such inclusion as...

... Office of the Commissioner of Insurance 2013 Annual Report 2 Contents Contents 2 Mission Statement 3 Key Indicators 5 Insurance Industry Statistical Highlights 8 Message from the Commissioner 12 1. Work of the Insurance Authority 15 2. General Insurance Business 26 3. Long Term Insurance Business 5...

... Office of the Commissioner of Insurance 2013 Annual Report 2 Contents Contents 2 Mission Statement 3 Key Indicators 5 Insurance Industry Statistical Highlights 8 Message from the Commissioner 12 1. Work of the Insurance Authority 15 2. General Insurance Business 26 3. Long Term Insurance Business 5...

... Office of the Commissioner of Insurance 2013 Annual Report 2 Contents Contents 2 Mission Statement 3 Key Indicators 5 Insurance Industry Statistical Highlights 8 Message from the Commissioner 12 1. Work of the Insurance Authority 15 2. General Insurance Business 26 3. Long Term Insurance Business 5...

... event that the IA specifies. Commentary – Compliance with these requirements is an imperative part of the trust which members of the public are entitled to have in the broker companies with whom they have dealings to source their insurance. As such, management of a broker company should put in place...

... appetite. 3 Effective date Given that the SFC has adopted a phased approach in their implementation timeline, Member Companies who sell ILAS products are required to implement these updated Requirements as soon as their revised existing ILAS material are vetted by the SFC and in any event no later than 24...