... Microsoft Word - Q&A_FNA_Dec2016 (as at 12 December 2016)  - 1 - Questions and Answers on ‘Initiative on Financial Needs Analysis’ (“FNA”)    Disclaimer:  The  list  of  questions  and  answers  are  for  reference  only.    Members  are  advised to consult their own legal counsel as necessary....

... 4q17gen (港幣千元) (HK$'000) 毛保費 淨保費 滿期保費 淨額 須付的佣金 毛額 須付的佣金 淨額 已償付申索 毛額 已償付申索 淨額 已承付申索 淨額 未過期風險 調整 管理開支 承保利潤 / (虧損) Gross Premiums Net Premiums Net Earned Premiums Gross Commissions Payable Net Commissions Payable Gross Claims Paid Net Claims Paid Net Claims Incurred Unexpired Risks Adjustment Manageme...

... 4q17gen (港幣千元) (HK$'000) 毛保費 淨保費 滿期保費 淨額 須付的佣金 毛額 須付的佣金 淨額 已償付申索 毛額 已償付申索 淨額 已承付申索 淨額 未過期風險 調整 管理開支 承保利潤 / (虧損) Gross Premiums Net Premiums Net Earned Premiums Gross Commissions Payable Net Commissions Payable Gross Claims Paid Net Claims Paid Net Claims Incurred Unexpired Risks Adjustment Manageme...

... 4q17gen (港幣千元) (HK$'000) 毛保費 淨保費 滿期保費 淨額 須付的佣金 毛額 須付的佣金 淨額 已償付申索 毛額 已償付申索 淨額 已承付申索 淨額 未過期風險 調整 管理開支 承保利潤 / (虧損) Gross Premiums Net Premiums Net Earned Premiums Gross Commissions Payable Net Commissions Payable Gross Claims Paid Net Claims Paid Net Claims Incurred Unexpired Risks Adjustment Manageme...

... 4q17gen (港幣千元) (HK$'000) 毛保費 淨保費 滿期保費 淨額 須付的佣金 毛額 須付的佣金 淨額 已償付申索 毛額 已償付申索 淨額 已承付申索 淨額 未過期風險 調整 管理開支 承保利潤 / (虧損) Gross Premiums Net Premiums Net Earned Premiums Gross Commissions Payable Net Commissions Payable Gross Claims Paid Net Claims Paid Net Claims Incurred Unexpired Risks Adjustment Manageme...

...). Governance controls and procedures are important to achieve this, but alone they are insufficient and, in isolation, can be counterproductive. An approach which says “just simply follow this list of actions” can remove ethical decision-making from the equation and is conducive to amoral behaviour, which in...

... also be specified; (b) An exhaustive list of permissible investments and, as appropriate, derivative instruments, including details of any restrictions as to markets (e.g. only securities listed at specified stock exchanges), minimum rating requirements or minimum market capitalisation, minimum sizes...

...). Governance controls and procedures are important to achieve this, but alone they are insufficient and, in isolation, can be counterproductive. An approach which says “just simply follow this list of actions” can remove ethical decision-making from the equation and is conducive to amoral behaviour, which in...

...(i) references certain types of product features which may be considered “unusual” for guidance, but this list should not be considered as prescriptive or exhaustive. Licensed insurance intermediaries are required to identify and explain the unusual features (in respect of the ILAS product(s) being...

...(i) references certain types of product features which may be considered “unusual” for guidance, but this list should not be considered as prescriptive or exhaustive. Licensed insurance intermediaries are required to identify and explain the unusual features (in respect of the ILAS product(s) being...