... Capital (“RBC”) Regime which is targeted to be implemented in 2024. We received a total of 120 Own Risk and Solvency Assessment (“ORSA”) Reports prepared for the first time under the GL21. We consider that insurers generally made a good advancement in implementing their risk management governance and ORSA...

... benefit x number of payments) is therefore decreasing as time goes by). Suppose a life insured under a 5-year family income plan for a monthly benefit of $1,000 dies at the end of year 4. The plan will pay the beneficiary 12 monthly payments of $1,000 each, totalling $12,000. On the other hand, a death at...

... benefit x number of payments) is therefore decreasing as time goes by). Suppose a life insured under a 5-year family income plan for a monthly benefit of $1,000 dies at the end of year 4. The plan will pay the beneficiary 12 monthly payments of $1,000 each, totalling $12,000. On the other hand, a death at...

... bank selling insurance as an insurance agency is therefore required to be registered with the Insurance Agents Registration Board (“IARB”) of the Hong Kong Federation of Insurers. Part X of the Insurance Companies Ordinance provides the legal backing to this self-regulatory mechanism. Those bank staff...

... bank selling insurance as an insurance agency is therefore required to be registered with the Insurance Agents Registration Board (“IARB”) of the Hong Kong Federation of Insurers. Part X of the Insurance Companies Ordinance provides the legal backing to this self-regulatory mechanism. Those bank staff...

... bank selling insurance as an insurance agency is therefore required to be registered with the Insurance Agents Registration Board (“IARB”) of the Hong Kong Federation of Insurers. Part X of the Insurance Companies Ordinance provides the legal backing to this self-regulatory mechanism. Those bank staff...

... duties and such duties are clerical or administrative in nature, the employee will likely be exempt from licensing by virtue of section 123(2) of the Ordinance. Section 79 Exemption 3.12. Under section 79 of the Ordinance, a person may apply to the IA for an exemption from any provision under Part X of...

... duties and such duties are clerical or administrative in nature, the employee will likely be exempt from licensing by virtue of section 123(2) of the Ordinance. Section 79 Exemption 3.12. Under section 79 of the Ordinance, a person may apply to the IA for an exemption from any provision under Part X of...

... bank selling insurance as an insurance agency is therefore required to be registered with the Insurance Agents Registration Board (“IARB”) of the Hong Kong Federation of Insurers. Part X of the Insurance Companies Ordinance provides the legal backing to this self-regulatory mechanism. Those bank staff...

... individually may not justify a pecuniary penalty, but which do so when taken collectively; (x) whether the conduct is or was part of a more serious misconduct; (xi) in case of a responsible officer of a firm (i.e. a sole proprietor, partnership or company), or a person involved in the management of regulated...