... should also be flexible in order to adapt as risks evolve. As such, life insurance companies and intermediaries will use their judgment, knowledge and expertise to develop an appropriate risk-based approach for their particular organisation, structure and business activities. 19. ML/TF risks can be more...

... insurance policy being purchased is (are) the same; and (c) in order to fund the purchase of the new life insurance policy, the customer is using, or intends to use, some or all of the total cash value of the existing life insurance policy or any savings made or to be made as a result of reducing the...

... insurance policy being purchased is (are) the same; and (c) in order to fund the purchase of the new life insurance policy, the customer is using, or intends to use, some or all of the total cash value of the existing life insurance policy or any savings made or to be made as a result of reducing the...

... benefit illustrations, etc. Claims – refers to complaints in relation to insurance claims. The IA cannot adjudicate insurance claims or order payment of compensation. It can, however, handle complaints related to the process by which claims are handled (e.g. delays in processing, lack of controls or...

... actions for the specific stress scenario. Insurers should also assess and elaborate if the proposed management actions are objective, realistic, achievable, adequate and legal. Detailed elaborations on the management actions should be provided, such as the impact of each individual action, the order the...

... individual concerned towards such a body or insurer or towards any members thereof; (j) has been adjudicated bankrupt by a court, or is currently subject to bankruptcy proceedings, in Hong Kong or elsewhere; (k) has failed to satisfy any judgment debt under an order of a court in Hong Kong or elsewhere; or...

... 29 January 2016 and the latter becomes its wholly-owned subsidiary. 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...

... 29 January 2016 and the latter becomes its wholly-owned subsidiary. 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...

... 29 January 2016 and the latter becomes its wholly-owned subsidiary. 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...

... a scheme of arrangement with your creditors or failed to satisfy any judgment debt under an order of a court in Hong Kong or elsewhere? ☐ Yes ☐ No # Business entity means a sole proprietorship, a partnership or a company. VIII. Declaration by Applicant I/We...