... renewal premium if the previous year has been claim-free. The customary scale of discounts varies. With private cars, one claim-free year earns a 20% No Claim Discount (NCD), the second year 30% and so on, rising to a maximum of 60% after five claim-free years. With other classes of vehicles, the discount...

... renewal premium if the previous year has been claim-free. The customary scale of discounts varies. With private cars, one claim-free year earns a 20% No Claim Discount (NCD), the second year 30% and so on, rising to a maximum of 60% after five claim-free years. With other classes of vehicles, the discount...

... of various functional units to provide business insight and increase efficiency, and ultimately to enhance business value. Participating business In Hong Kong, participating business is one of the major products in the market, which constitutes around 60% of market insurance liabilities. This is the...

...=1&ie=UTF-8&sa=X 32 第1條 的定義作出界定，意思是指符合以下說明的業務、專業或 商業關係: (a) 延續一段時間是該關係的元素；或 (b) 在該人首次以該金融機構的準客戶身分接觸該機構 時，該機構期望延續一段時間是該關係的元素。 附表2 第1條 4.1.8 打擊洗錢條例對某人與金融機構之間的「非經常交易」一 詞的定義作出界定，意思是指金融機構與該機構沒有業務 關係的客戶之間的交易9。 附表2 第3（1）條 4.1.9 盡職審查規定適用於以下情況: (a) 在開始建立業務關係之時； (b) 在執行以下非經常交易之前10； (i) 非經常交易總值涉及相等於120,000元或以上的 款額...

... performing any occasional transaction10: (i) equal to or exceeding an aggregate value of $120,000, whether carried out in a single operation or several operations that 9 It should be noted that “occasional transactions” do not apply to the insurance and securities sectors. 10 Occasional transactions may...

... insurance penetration measures the ratio of premium written to the GDP in a given year. 12. McKinsey&Company (2017) Global Insurance Industry Insights - An in-depth perspective: It suggested that in the Asia-Pacific region life endowments were the leading products with a share of about 60%, while in the...

... insurance penetration measures the ratio of premium written to the GDP in a given year. 12. McKinsey&Company (2017) Global Insurance Industry Insights - An in-depth perspective: It suggested that in the Asia-Pacific region life endowments were the leading products with a share of about 60%, while in the...

... second year 30% and so on, rising to a maximum of 60% after five claim-free years. With other classes of vehicles, the discount is very likely to be only 10% per year, rising to a maximum of 30%. Some features to note about the no claim discount system are: (i) Originally, the system was known as a No...

... three “specified relatives”) and the taxpayer is the policyholder of these policies, then the annual deduction ceiling would be $32,000 (i.e. $8,000 x 4) for the qualifying premiums paid. (c) Administration of the VHIS The VHIS is administered by the Voluntary Health Insurance Scheme Office (“VHIS...