... requirements will be set out in the Guideline on the Fit and Proper Criteria for Licensed Insurance Intermediaries and soft consultation of the Guideline to be conducted later this year. Besides review of the minimum education requirements, we have also reviewed the CPD requirements. We are glad to see a...

... Mongolia and Iceland who requested to continue on their original schedule. The FATF reviewed and virtually met with these two jurisdictions and the result of these discussions is set out in the FATF’s updated statement, which can be found on the website of the FATF (https://www.fatf- gafi.org/publications...

... of Insurtech through Insurtech Sandbox to help policyholders purchase suitable insurance products safely by using non-face-to-face channels. In order to protect the interests of policyholders, the IA also formulated a set of regulatory requirements for virtual onboarding via video...

... individual insurance agent’s role, however, is not to collect premium from the policyholder directly, or to serve as a conduit through which a policyholder should pay premium.  An individual insurance agent is, after all, an individual with a personal (not a business) bank account, who is not set...

... behalf so they could benefit from the fictitious premium discount. A third set of lies followed, as the agent sought to explain away why the claims were not being paid. The ethical line between right and wrong is a clear and bright one. Once crossed, however, it blurs and darkens making it...

... requirements will be set out in the Guideline on the Fit and Proper Criteria for Licensed Insurance Intermediaries and soft consultation of the Guideline to be conducted later this year. Besides review of the minimum education requirements, we have also reviewed the CPD requirements. We are glad to see a...

... in Article 28 of the Articles of Association of the Confederation. "Director" means any person appointed to the board of directors of a Member company or prospective Member company. "Employee" means any person employed by a Member. "Fit and Proper Person" means a person who fulfils the criteria set...

... obligation to collect adequate information to place themselves in a position whereby they can perform reasonable assessments before making any insurance recommendation. 6.5 A template is set out at Appendix to illustrate the information that should normally be collected during the FNA process. Authorized...

... obligation to collect adequate information to place themselves in a position whereby they can perform reasonable assessments before making any insurance recommendation. 6.5 A template is set out at Appendix to illustrate the information that should normally be collected during the FNA process. Authorized...

... obligation to collect adequate information to place themselves in a position whereby they can perform reasonable assessments before making any insurance recommendation. 6.5 A template is set out at Appendix to illustrate the information that should normally be collected during the FNA process. Authorized...