... (e.g. failing to comply with the requirements in the Insurance Ordinance (Cap. 41) or the codes and guidelines issued by the IA causing actual or potential prejudice to policyholders or harming the public interest); and • carrying on regulated activities or insurance business without the requisite...

... United Nations (Anti-Terrorism Measures) Ordinance (“UNATMO”). The list has been published in the Gazette (G.N. 7070) on 22 September 2017 and is available on the Government’s website http://www.gld.gov.hk/egazette/. Relevant press release issued by the Committee is attached at the Appendix for your...

... an online assessment tool complemented by a thematic sitelet developed in-house. Anchored on the Mortality Protection Gap Study 20211 , the online assessment tool provides users with a convenient way to evaluate their mortality protection gap by filling in some basic information....

... look beyond the strict interpretation of policy terms in making a ruling. In addition, as far as good insurance practice is concerned, the Complaints Panel relies heavily on the expected standards set out in The Code of Conduct for Insurers, with particular reference to “Part III: Claims”. Please also...

...) and (ii) above cover, with “all risks” insurance on the insured vehicle. Obviously, the premium for comprehensive cover is the highest. (b) “Act” insurance There is another possible form of cover, known as Act (or Act Only) cover. The name derives from the original U.K. Road Traffic Act 1930, which...

... explain the future milestones or critical steps on how to comply with ERM / ORSA requirements in the ERM Guideline. (e.g. engage consultant) If Yes, please input the name of the group (or home) supervisor. 1) Is your company a stand-alone entity (i.e. not part of any group) or an entity that belongs to a...

... Understanding Medical Insurance Functions of medical insurance Accidents and illnesses, such as seasonal influenza and COVID-19, are unpredictable and can place pressures both on an individual’s financial situation and on the public...

... and efficient claims processing, chatbots can improve the overall experience for the customers. With a chatbot, customers can easily file their claims online, without having to wait on hold or navigate complicated phone menus. Overall, chatbots can streamline the insurance claims...