... contributed to the injury, his share of liability to the girlfriend so arising – independently of the indemnity agreement - does not constitute “contractual liability”.) (iv) Driving by someone other than an “Insured Driver”, which means: (1) The insured, anyone who is driving on the insured’s order or with...

... by someone other than an “Insured Driver”, which means: (1) The insured, anyone who is driving on the insured’s order or with the insured’s permission, or anyone designated on the policy schedule as an “Insured Driver”, (2) who is duly licensed. Here “licensed” means that the driver must be holding...

... contributed to the injury, his share of liability to the girlfriend so arising – independently of the indemnity agreement - does not constitute “contractual liability”.) (iv) Driving by someone other than an “Insured Driver”, which means: (1) The insured, anyone who is driving on the insured’s order or with...

... in order to encourage voluntary savings for retirement, the required legislative process has been completed. This Update serves to set out the textual updates to the Study Notes for the Long Term Insurance Examination (2017 Edition) to reflect the aforesaid developments. 1. The following items are...

... Requirements 3.1 ERM for solvency purposes is the coordination of risk management, strategic planning, capital adequacy and financial efficiency in order to enhance the soundness of the authorized insurer’s operation and ensure adequate protection of policy holders. An authorized insurer should establish an...

... Requirements 3.1 ERM for solvency purposes is the coordination of risk management, strategic planning, capital adequacy and financial efficiency in order to enhance the soundness of the authorized insurer’s operation and ensure adequate protection of policy holders. An authorized insurer should establish an...

..., capital adequacy and financial efficiency in order to enhance sound operation of the authorized insurer and ensure adequate protection of policy holders. An authorized insurer should establish an integrated set of processes and activities within its risk management system for the effective implementation...

... underwritten. Through such arrangements, the exposures of the insurer’s business portfolio to huge losses owing to individual large risks and accumulations of losses could be reduced. The insurer should clearly understand its underwritten risks in order to look for suitable reinsurance products and determine...

... underwritten. Through such arrangements, the exposures of the insurer’s business portfolio to huge losses owing to individual large risks and accumulations of losses could be reduced. The insurer should clearly understand its underwritten risks in order to look for suitable reinsurance products and determine...