... of Insurance Supervisors (IAIS) • insurance regulators should be financially and operationally independent 2 Purpose To facilitate sustainable development of the insurance industry and protect policyholders with a modernized regulatory infrastructure 3 Key statutory functions 4 Regulate insurers and...

... premiums of in-force long term business were $412.7 billion in the first three quarters of 2020 (increased by 5.1%), mainly comprising $349.3 billion from Individual Life and Annuity (Non-Linked) business (increased by 2.2%), $19.8 billion from Individual Life and Annuity (Linked) business (decreased by...

... of Insurance Supervisors (IAIS) • insurance regulators should be financially and operationally independent 2 Purpose To facilitate sustainable development of the insurance industry and protect policyholders with a modernized regulatory infrastructure 3 Key statutory functions 4 Regulate insurers and...

... making profit without the prior permission of the Office of the Commissioner of Insurance. ii TABLE OF CONTENTS Chapter Page 1. INSURANCE PRODUCTS 1/1 1.1 Motor Insurance 1/2 1.1.1 Private Vehicle 1.1.2 Motor Cycle 1.1.3 Commercial Vehicle 1.2 Health Insurance 1/13 1.2.1 Personal Accident (PA) and...

... Management Expenses Underwriting Profit/(Loss) 17,134,298 13,561,508 13,176,376 2,413,564 1,647,674 12,106,851 9,790,761 9,297,855 4,282 1,903,731 322,834 6,214,929 4,742,187 5,099,370 2,033,067 1,428,650 3,526,096 2,835,591 3,210,155 (18,909) 654,205 (174,731) 155,103 45,485 43,850 19,809 7,310 113,268 34...

... surrender (1) (2) (2) – (1) 1 1,000 900 -100 2 1,000 1,030...

... User Guide of the Insurance Intermediaries Connect for Principals Applicable to Authorized Insurers, Licensed Insurance Agencies and Licensed Insurance Broker Companies Last update: December 2020 2 Table of Contents 1. Introduction...