... customers during the sales advisory process. This is in line with the global trend of the life assurance industry becoming more and more customer-focused. This circular supersedes the “Initiative on Needs Analysis” issued in 2007 and will take effect on 1 January 2016. Requirements: 1) Every application for...

... effect from 15 April 2013. For your information, the development of this set of Regulations is in response to the landmark judgment of the Hobbins case in early 2012, that the Confederation has sought legal advice on the appropriate course of action. Professional Insurance Brokers Association (“PIBA...

... date on which it is authorized; and annually upon the anniversary of such date (hereinafter referred to as “payment due date”). The Insurance (Authorization and Annual Fees) Regulation1 (Cap. 41C) (“the Regulation”) sets out the prescribed fees. 2. With effect from 26 June 2017 [save any unforeseen...

... business plan; (g) the applicant’s proposed operations would not have a destabilizing effect on the insurance market in Hong Kong, for instance in terms of both the servicing of the insuring public and the employment of insurance staff; (h) the international business that the applicant proposes to carry on...

... business plan; (g) the applicant’s proposed operations would not have a destabilizing effect on the insurance market in Hong Kong, for instance in terms of both the servicing of the insuring public and the employment of insurance staff; (h) the international business that the applicant proposes to carry on...

... Disciplinary Panel Pool (“DPP”), from which members will be drawn to form three-member Disciplinary Panels to decide disciplinary cases on behalf of the IA. The DPP forms a key part of the IA’s disciplinary process which is designed to be impartial, objective, fair, efficient and robust. Disciplinary Panels...

... Disciplinary Panel Pool (“DPP”), from which members will be drawn to form three-member Disciplinary Panels to decide disciplinary cases on behalf of the IA. The DPP forms a key part of the IA’s disciplinary process which is designed to be impartial, objective, fair, efficient and robust. Disciplinary Panels...

... the sales advisory process. This is in line with the global trend of the life assurance industry becoming more and more customer-focused. This circular supersedes the “Initiative on Needs Analysis” issued in 2016 and will take effect on 1 June 2018. Requirements: 1) Every application for new life...

..., it shall effect a reinstatement of cover up to not less than such minimum determined amount. Where the limit of indemnity has been determined in accordance with (iii) above, the policy shall include provision for one automatic reinstatement to a limit of indemnity of not less than HK$3,000,000....

... implementation of HKFRS 17, for example, implementation of other standards in parallel with HKFRS 17; will be referred to the HKICPA's Insurance Regulatory Advisory Panel (IRAP), which deals with all insurance related matters. 15. A submission should detail what the question is, background to the question, and...