... billion. On the other hand, those of Individual Life and Annuity (Linked) business increased by 96.8% to $4.3 billion. New office premiums in respect of policies issued to Mainland visitors remained stable during the first quarter of 2018 after the peak in early 2017. Related premiums recorded a...

... extreme weather events this time may surpass the $3 billion paid out after Typhoon Mangkhut in 2018. The Insurance Authority (IA) is closely monitoring the situation and will collect industry data for further analysis. We recognise the need for urgent relief among the general public and...

... Within 1 month after the date on which a person becomes, or ceases to be, a director or controller of a licensed insurance broker company, the company must notify the IA in writing of that fact. A licensed insurance broker company which, without reasonable excuse, fails to notify within the...

... broker companies as appropriate under the new regime. • Arrangements for online application for formal licences to be made by deemed licensees will be announced by the IA after the Commencement Date. 1 The three SROs are the Insurance Agents Registration Board established under the Hong Kong Federation...

... Therefore, an insurance policy in itself is not a contract; instead it is the most commonly used evidence of an insurance contract. An insured who has been affected by a fire will not expect the insurer to deny his insurance claim on the grounds that the insurance contract no longer exists after the...

... affected by a fire will not expect the insurer to deny his insurance claim on the grounds that the insurance contract no longer exists after the insurance policy has been destroyed in the fire. Contracts may concern relatively trivial (such as buying a newspaper or taking a tram ride) or very important...

... date of the change. ii) At least 14 days before a licensed insurance broker company appoints a TR to carry on regulated activities in one or more lines of business, the broker company must notify the IA in writing of the intended appointment. iii) Within 14 days after the date on which a licensed...

... human resources development. We are one of the leading in-service training organisations and qualifying bodies in Hong Kong. Our programmes cover the following areas: financial services, management, information technology, languages, construction, real estate & property management and food safety. In...

... with the duties expected of a prudential supervisor while we attempt to formulate a set of corporate vision and mission, to map out our strategic goals, to build up a user-oriented service culture, and to sustain impetus on several key reform packages. The journey was not entirely smooth, bumpy at...

... with the duties expected of a prudential supervisor while we attempt to formulate a set of corporate vision and mission, to map out our strategic goals, to build up a user-oriented service culture, and to sustain impetus on several key reform packages. The journey was not entirely smooth, bumpy at...