... time. Such systems will vary from insurer to insurer, but should be: (i) sufficiently robust to reflect the scale of the risks and the investment activity undertaken; (ii) capable of accurately capturing and measuring all significant risks in a timely manner; (iii) understood by all relevant personnel...

... have been clearly explained to the prospective customer before fulfilment; iii. To ensure that all necessary product and marketing documents have been provided to the prospective customer before fulfilment; and iv. To ensure that the sales process for the purchase of an ILAS product has been done in...

... Committee to conduct enquiries in relation to relevant non-compliances. III. Reasons for MOU 11. If the Council initiates an investigation of auditing or reporting irregularities in relation to a listed entity which is an insurer authorized under the ICO, the Council needs to give notice under section 24 of...

... Committee to conduct enquiries in relation to relevant non-compliances. III. Reasons for MOU 11. If the Council initiates an investigation of auditing or reporting irregularities in relation to a listed entity which is an insurer authorized under the ICO, the Council needs to give notice under section 24 of...

... under section 5.3 should be followed on a “best effort basis”. III. Section 6 – Provision of Adequate and Clear Information Q 3. Please clarify whether rider addition, if done after the point of sale of basic plan (say few years or even few months later), is considered as new business sale. A 3....

... Committee to conduct enquiries in relation to relevant non-compliances. III. Reasons for MOU 11. If the Council initiates an investigation of auditing or reporting irregularities in relation to a listed entity which is an insurer authorized under the ICO, the Council needs to give notice under section 24 of...

... Committee to conduct enquiries in relation to relevant non-compliances. III. Reasons for MOU 11. If the Council initiates an investigation of auditing or reporting irregularities in relation to a listed entity which is an insurer authorized under the ICO, the Council needs to give notice under section 24 of...

... FAQ_CPD_12.06.2020rev2_Eng 1 Frequently Asked Questions on the Continuing Professional Development (“CPD”) Requirements I. Facilitative Measures: Q1 II. Transitional Arrangements: Q2 – Q5 III. Others: Q6 – Q10 I. FACILITATIVE MEASURES Q1: What facilitative measures has the Insurance Authority (“IA...