... 1 CIB Annual Conference 2021 “Insurance Broking in a Changing World - Negotiating Stormy Seas” held at 2 p.m. on 25 October 2021 Opening Remarks by Mr Clement Cheung Chief Executive Officer of the Insurance Authority Patrick 1 , Alex 2 , Rath 3 , Adrian 4 , distinguished members of the Hong Kong...

... third party traffic accident victim (or his/her dependants) who suffers bodily injury or death but is unable to obtain compensation because the driver is uninsured or untraceable. As a result of the legislative changes in 1995 whereby insurance policies are allowed to set a limit on third party...

... 二零一八年一月至六月臨時統計數字摘要 Summary on January - June 2018 Provisional Statistics 香港保險業務 概要 Highlights 2018 2017 一月至六月 Jan-Jun 一月至六月 Jan-Jun 變動 長期業務(新造業務 #) Long Term Business (New Business #) (百萬元)($m) (百萬元)($m) Change 保單保費(不包括退休計劃) 84,103 80,923 3.9% Office Premiums (exclude Retirement Scheme) 一般業務...

... disciplinary action against Mr Tsang Kwong Chi Samuel (Mr Tsang), a technical representative of a broker company, by suspending his licence for two months and ordering him to pay a pecuniary fine of HK$40,000, on the ground that he was guilty of misconduct. Between November 2018 and February 2019, Mr...

... quite different one between the principal and the third party. Note: an agency can exist without an agency contract. For example: a child (gratuitous agent) goes to buy a pack of sugar on behalf of his mother (principal), with authority to bind the mother in so doing, which is not granted under a...

... that they are already subject to the FATF’s call for countermeasures. Therefore, the FATF issued a statement on 4 March 2022 2 advising its members to refer to the list of high-risk jurisdictions subject to a call for action adopted in February 2020, namely Iran and the Democratic People’s Republic of...

... 12 July 2019 Our Ref: ENF/GPP/19/002 By Email only To: Chief Executives of all authorized insurers Dear Sirs, GL22: Guideline on Exercising Power to Impose Pecuniary Penalty in Respect of Regulated Persons under the Insurance Ordinance (Cap. 41) I enclose a copy of GL22 - Guideline on Exercising...

... Measures) Ordinance (“UNATMO”). The list has been published in the Gazette (G.N. 7412) on 6 October 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 reference. Please note that under...

... insurance agents who had each used two false academic certificates on different occasions to establish that they had met the minimum education requirements to be insurance agents under the former self-regulatory regime. Both cases were handled in accordance with the requirements in place at the time the...

... associates designated by the United Nations Security Council Committee (“Committee”) has been specified under the United Nations (Anti-Terrorism Measures) Ordinance (“UNATMO”). The list has been published in the Gazette (G.N. 4346) on 30 June 2017 and is available on the Government’s website http...