... 21 April 2017. The amendments take effect from 26 June 2017. Please note that the Notice, among others, has added a new sub-paragraph (d) to the definition of “statutory business” under paragraph 1(1), Part 1 of Schedule 3, namely, “(d) the business of insurance against liability described in section...

... GL18 GUIDELINE ON EXERCISING POWER TO IMPOSE PECUNIARY PENALTY IN RESPECT OF AUTHORIZED INSURERS UNDER THE INSURANCE ORDINANCE (CAP. 41) Insurance Authority Contents Page 1. Introduction 1 2. Scope of Application 1 3. Considerations in Exercising IA’s Power to Impose Pecuniary Penalty 2 4....

... Please note that no part of the Study Notes may be reproduced for the purposes of selling or making profit without the prior permission of the Insurance Authority. ii TABLE OF CONTENTS Chapter Page 1. INTRODUCTION TO INVESTMENT-LINKED LONG TERM INSURANCE POLICIES 1/1 1.1 Definition 1/1 1.2 Concept 1/2 2....