..., have reached the following understanding: I. Definitions 2. For the purposes of this Memorandum, the terms set out below have the assigned meanings unless the context requires otherwise: (a) “Authority” means: (i) For the Hong Kong Special Administrative Region, the Insurance Authority (IA) (ii) For...

..., have reached the following understanding: I. Definitions 2. For the purposes of this Memorandum, the terms set out below have the assigned meanings unless the context requires otherwise: (a) “Authority” means: (i) For the Hong Kong Special Administrative Region, the Insurance Authority (IA) (ii) For...

... 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”) and the Hong Kong Federation of Insurers (“HKFI”) have taken...

... respect of group risk (section 6.5) and the ORSA (section 9) shall apply to all authorized insurers (save for those exceptions set out in section 2.1 above). 2.3 An authorized insurer may rely on the ERM framework or policies of the group to which it belongs provided that the ERM framework or policies of...

... respect of group risk (section 6.5) and the ORSA (section 9) shall apply to all authorized insurers (save for those exceptions set out in section 2.1 above). 2.3 An authorized insurer may rely on the ERM framework or policies of the group to which it belongs provided that the ERM framework or policies of...

... for calling for additional contributions from, or reduction of benefits to, its members. 2.2 The minimum requirements on the ERM framework (section 6) and the ORSA (section 9) shall apply to all authorized insurers (save for those exceptions set out in section 2.1 above). 2.3 An authorized insurer may...

... which a licensed individual insurance agent or a licensed insurance agency may be appointed under the new section 64I(1) of the IO and the related rules for counting the number of insurers. 2. The draft Rules, for the most part, reflect the existing requirements as set out in the Code of Practice for...

... which a licensed individual insurance agent or a licensed insurance agency may be appointed under the new section 64I(1) of the IO and the related rules for counting the number of insurers. 2. The draft Rules, for the most part, reflect the existing requirements as set out in the Code of Practice for...

... which a licensed individual insurance agent or a licensed insurance agency may be appointed under the new section 64I(1) of the IO and the related rules for counting the number of insurers. 2. The draft Rules, for the most part, reflect the existing requirements as set out in the Code of Practice for...