... KONG MAINLAND MACAO A maximum penalty of a fine of HKD 10,000, imprisonment for 12 months and disqualification from holding a driving license for 12 months to 3 years. A fine of double the insurance premium and detainment of the vehicle concerned. A fine of MOP 3,000 RELEVANT PENALTIES Tips for Buying...

... KONG MAINLAND MACAO A maximum penalty of a fine of HKD 10,000, imprisonment for 12 months and disqualification from holding a driving license for 12 months to 3 years. A fine of double the insurance premium and detainment of the vehicle concerned. A fine of MOP 3,000 RELEVANT PENALTIES Tips for Buying...

... engaging in Restricted Scope Travel Business, who provides face-to-face insurance service at service desks or counters, if he does not show his name and registration number, whether printed or in handwriting, on receipts for premium on travel insurance directly arranged by him for his clients. - 2 - Notice...

...  that  insurers  and  intermediaries  should ensure  that  the  recommended  policy  is  suitable  for  the  circumstances  (e.g.  needs,  affordability, etc) of the customer.      In  case  of  affordability  mismatch  (e.g.  the  customer  has  indicated  a  target  premium  term  of  10  years  but...

...  affordability  mismatch  (e.g.  the  customer  has  indicated  a  target  premium  term  of  10  years  but  is  recommended  a  product  with  whole‐of‐life  payment  term),  insurers  should  not  accept  the  application  even with  customer  declaration (including ILAS and non‐ILAS).              (as at 12...

... restricted to: (i) premium monies required to be paid on behalf of client to insurers, reinsurers or other insurance intermediaries for the purchase of contracts of insurance; (ii) claim monies received on behalf of client and required to be paid to the claimant or the person entitled to receive them; (iii...

... restricted to: (i) premium monies required to be paid on behalf of client to insurers, reinsurers or other insurance intermediaries for the purchase of contracts of insurance; (ii) claim monies received on behalf of client and required to be paid to the claimant or the person entitled to receive them; (iii...

... QDAP has been hugely successful with 82,500 policies issued so 4 far and the total annualised premium of HK$6 billion. The average age of the persons taking up such policies is 48.5 years old, precisely the demographic at which QDAP is targeting. In QDAP, we see how the Government, the IA and the...

... staff, comprising a locally-based chief executive and team heads to oversee certain key functions (e.g. underwriting, claims and finance functions etc.).] - 7 - 22. The financial projections for the first 3 years of operations after authorization. (a) Premium Income Year 1 Year 2 Year 3 *Class of...

... staff, comprising a locally-based chief executive and team heads to oversee certain key functions (e.g. underwriting, claims and finance functions etc.). - 7 - 22. The financial projections for the first 3 years of operations after authorization. (a) Premium Income Year 1 Year 2 Year 3 *Class of...