... the minimum standards and practices that should be implemented and adopted by authorized insurers and licensed insurance intermediaries in that sale process in order to achieve the objectives stated in this Guideline and ensure fair treatment of customers. 2 2. Scope and Interpretation 2.1 This...

... the minimum standards and practices that should be implemented and adopted by authorized insurers and licensed insurance intermediaries in that sale process in order to achieve the objectives stated in this Guideline and ensure fair treatment of customers. 2 2. Scope and Interpretation 2.1 This...

... renamed as RL360 Insurance Company Limited. 18 Transfer of Insurance Business Under section 24 of the ICO, an insurer who seeks to transfer its long term insurance business to another insurer is required to apply to the court for an order sanctioning the scheme of transfer. An insurer intending to...

... renamed as RL360 Insurance Company Limited. 18 Transfer of Insurance Business Under section 24 of the ICO, an insurer who seeks to transfer its long term insurance business to another insurer is required to apply to the court for an order sanctioning the scheme of transfer. An insurer intending to...

... renamed as RL360 Insurance Company Limited. 18 Transfer of Insurance Business Under section 24 of the ICO, an insurer who seeks to transfer its long term insurance business to another insurer is required to apply to the court for an order sanctioning the scheme of transfer. An insurer intending to...

... Phase II of the Project. 14. As regards operational risk, we proposed to adopt a simple approach initially, for example, by reference to premiums, new business and claims. Some respondents feel that volume-based methodology may not be appropriate for measuring the level of operational risk an insurer...

... out in General Principle 2 in order to act in the client’s best interests? Feedback received 11. There was general agreement to the proposition in Question 3. Several respondents, however, raised specific issues and made suggestions in relation to the drafting of General Principle 2 and its practical...

... out in General Principle 2 in order to act in the client’s best interests? Feedback received 11. There was general agreement to the proposition in Question 3. Several respondents, however, raised specific issues and made suggestions in relation to the drafting of General Principle 2 and its practical...

... third party liability insurance or liability insurance for cross-boundary vehicle owners, according to your own circumstances, in order to extend the scope and coverage of your insurance. Claims arrangement In the case of an accident, Hong Kong car owners and/or drivers should immediately report to the...

... level in order to establish AML/CFT policies, procedures and controls commensurate with these risks since enactment of AMLO in 2012 • Large FIs have good understanding of their ML/TF risks and AML/CFT obligations • FIs are aware of the results of Hong Kong ML/TF Risk Assessment Mitigating measures...