... Initiative. This secures the support of the Central Authorities to encourage Mainland enterprises to establish captive insurance companies in Hong Kong to underwrite risks for their overseas business. The Central Authorities also support Hong Kong to provide professional services such as insurance and...

... them in the Code of Conduct. B. Content of Client Agreement for Linked Long Term Business A client agreement for an ILAS policy should include at minimum the following information in its terms and conditions: 1. Full name and address of the client The full name of the client should be identical to the...

... them in the Code of Conduct. B. Content of Client Agreement for Linked Long Term Business A client agreement for an ILAS policy should include at minimum the following information in its terms and conditions: 1. Full name and address of the client The full name of the client should be identical to the...

... the Risk-based Capital Regime, updating design parameters of the Policy Holders’ Protection Scheme and empowering the general public with knowledge on lifetime risk profiling. The Annual Report 2020-21, in full and simplified versions, is available on the IA website. Ends...

... and expect full compliance with effect from 1 April 2021. This is part of our continuous effort to provide regulatory relief for the industry amidst challenging circumstances, and should be able to provide a sufficient buffer for authorized insurers and licensed insurance intermediaries to update...

... and expect full compliance with effect from 1 April 2021. This is part of our continuous effort to provide regulatory relief for the industry amidst challenging circumstances, and should be able to provide a sufficient buffer for authorized insurers and licensed insurance intermediaries to update...

... three Self-Regulatory Organisations (SROs)1. Under the new regime, a person will require a licence granted by the IA to carry on regulated activities. A person must be fit and proper in order to be licensed and this requirement is ongoing. The draft F&P Guideline outlines the key criteria...

... 2020) and informed Mr Tsang that the client needed to provide further documents in order to complete the arrangement of the policy. Mr Tsang, however, overlooked the matter and did not follow up with the client for the further documents, despite being reminded to do so by the Responsible...

... Quantitative Impact Study (QIS 3) for the Development of the Risk-based Capital (RBC) Regime I am writing to enlist your support in participating in QIS 3 and submitting the data as requested in the enclosed package. The QIS 3 package represents the collaborative effort of the Insurance Authority (IA) and the...

... 2 June 2020 Our ref: INS/TEC/6/20/5 By email only To: Chief Executives of all authorized insurers Dear Sirs, Updated Assessment on the Proposed Policy Holders’ Protection Scheme in Hong Kong We would like to enlist your support for and participation in an updated assessment on the proposed Policy...