... Power to Impose a Pecuniary Penalty …………………....………………………… 2 4. Commencement ………………………………………………... 5 1 1. Introduction 1.1. This Guideline is made pursuant to section 83 of the Insurance Ordinance (Cap. 41) (“the Ordinance”). 1.2. Pursuant to section 81(1) of the Ordinance, the Insurance Authority (“the...

... Qualifying Deferred Annuity Policy Frequently Asked Questions   Q1 How do I know which deferred annuity products are tax deductible? A...

... Questions and Answers on “Guideline on Outsourcing” (“GL14”) Q1 Is management of investment assets by a service provider, such as providing investment advice and/or buying securities, regarded as outsourcing? A1 Such activity falls under “investment management” in Annex 1 to GL14 and is regarded...

... them in the Ordinance. 2. Approval / No Objection / Notification Requirements for Appointments of Certain Positions 2.1 Under section 8 of the Ordinance, a company intending to carry on any class of insurance business in or from Hong Kong may apply to the IA for authorization. Section 8(2) of the...

... – Paper III Syllabus for Long Term Insurance Examination I. Introduction to Life Insurance i. Definition of Life Insurance A. Needs for Life Insurance ii. Principles of Life Insurance A. Insurable Interest B. Duty of Disclosure C. Other Insurance Principles iii. Calculation of Life Insurance Premium A...

... Licensed Insurance Intermediaries Licensed Insurance Agents Types of Licensed Insurance Agents Under section 2 of the Insurance Ordinance (Cap.41) (“IO”), licensed insurance agent means a licensed insurance agency, a licensed...

... intended to be exhaustive. 1.4 Words and expressions used in this Guideline shall have the same meanings as given to them in the Ordinance. 2. Approval / Notification Requirements for Appointments of Certain Positions 2.1 Under section 8 of the Ordinance, a company intending to carry on any class of...

... intended to be exhaustive. 1.4 Words and expressions used in this Guideline shall have the same meanings as given to them in the Ordinance. 2. Approval / Notification Requirements for Appointments of Certain Positions 2.1 Under section 8 of the Ordinance, a company intending to carry on any class of...

... Monetary Authority (“MA”) and the Insurance Authority (“IA”) (each referred to as a “Party”, together as “Parties”) for strengthening co- operation in respect of regulation and supervision of entities or financial groups in which the Parties have a mutual regulatory interest. 2. Pursuant to section 4G of...

... Monetary Authority (“MA”) and the Insurance Authority (“IA”) (each referred to as a “Party”, together as “Parties”) for strengthening co- operation in respect of regulation and supervision of entities or financial groups in which the Parties have a mutual regulatory interest. 2. Pursuant to section 4G of...