... business.     13 2.6.3 All insurers are required to maintain assets in excess of liabilities by at least the amount of solvency margin stipulated under the ICO. For monitoring purposes, the IA requires general and long-term insurers to maintain at least 200% and 150% solvency ratio respectively. These are...

... erection of bridges to building construction and a host of other projects, are encouraged and made possible partly because insurance is available. - o - o - o - Representative Examination Questions The examination will consist of 80 multiple-choice questions. The majority of the questions will be very...

... by the insured, subject to a limit any one period of, say, $2,000. (x) Rental car: If the insured car is immobilised by an accident necessitating repairs at a garage/workshop or is stolen, so that the insured or a named driver is deprived of the use of the car for, say, more than 48 hours, the policy...

... carrying on regulated activity in contravention of section 90(b) of the Insurance Ordinance. As a result the former agent was found guilty of one count of misconduct under section 80(1) of the Insurance Ordinance, and not fit and proper person to be a licensed individual insurance agent. In deciding the...

... carrying on regulated activity in contravention of section 90(b) of the Insurance Ordinance. As a result the former agent was found guilty of one count of misconduct under section 80(1) of the Insurance Ordinance, and not fit and proper person to be a licensed individual insurance agent. In deciding the...

... granted 14 days’ sick leave due to the sprain back injury. The insurer rejected the insured’s claim for accident benefit on the grounds that no visible contusion or wound was noted on his body. Moreover, the x-ray taken showed no abnormal finding. The Complaints Panel learnt from the attending physician’s...

... reach $10,200 a year. Based on the consideration that an annuity covering the taxpayer’s spouse as a joint annuitant is a convenient retirement planning tool for a married couple, a taxpaying couple are allowed to allocate tax deductions for deferred annuity premiums amongst themselves in order to claim...

... granted 14 days’ sick leave due to the sprain back injury. The insurer rejected the insured’s claim for accident benefit on the grounds that no visible contusion or wound was noted on his body. Moreover, the x-ray taken showed no abnormal finding. The Complaints Panel learnt from the attending physician’s...

... on approval of an individual as an RO of a PI, and amend or revoke any such conditions imposed, pursuant to section 34X of the Ordinance. The MPFA will consult the FR, or the IR to be assigned as the FR of the PI, SI or RO, as the case may be, before imposing any such conditions, or amending or...