... Insurance Ordinance (Cap. 41) Annex 1 1. Introduction 1.1. Hong Kong adopts a free market economy and provides equal opportunities to participants in all sectors of the market. The insurance industry is no exception. The Insurance Authority (“IA”)’s policy is to promote development of the insurance industry...

... Insurance Ordinance (Cap. 41) Annex 1 1. Introduction 1.1. Hong Kong adopts a free market economy and provides equal opportunities to participants in all sectors of the market. The insurance industry is no exception. The Insurance Authority (“IA”)’s policy is to promote development of the insurance industry...

... Consultation Paper on Draft Insurance (Special Purpose Business) Rules 2 FOREWORD 1. This paper is published by the Insurance Authority (“IA”) to consult the public on the draft rules to be made under section 129A of the Insurance Ordinance (Cap. 41) (which will be added upon commencement of...

... Examination will be based upon these Notes. A few representative examination questions are included at the end of each Chapter to provide you with further guidance. It should be noted, however, that these Study Notes will not make you a licensed person for any of the regulated activities under the “Securities...

... REGIME FOR INSURANCE INTERMEDIARIES PRUDENTIAL SUPERVISION In order to benchmark with prevailing international standards, the IA is seeking to forge a consensus among insurers on key parameters of the Risk-based Capital Regime. A group-wide supervision framework is being molded to consolidate the status...

... REGIME FOR INSURANCE INTERMEDIARIES PRUDENTIAL SUPERVISION In order to benchmark with prevailing international standards, the IA is seeking to forge a consensus among insurers on key parameters of the Risk-based Capital Regime. A group-wide supervision framework is being molded to consolidate the status...

... Margin Requirements [For Global Business] 4 Classes of Long Term Business 5 Classes of General Business 6 Flow-chart for Processing an Application for Authorization 7 Form A and Form B of the Second Schedule to the Insurance Companies Ordinance 1 I. INTRODUCTION This Guidance Note (“GN”) is issued to...

... Margin Requirements [For Global Business] 4 Classes of Long Term Business 5 Classes of General Business 6 Flow-chart for Processing an Application for Authorization 7 Form A and Form B of the Second Schedule to the Insurance Companies Ordinance 1 I. INTRODUCTION This Guidance Note (“GN”) is issued to...

...) Limited) and Metropolitan Life Insurance Company of Hong Kong Limited (now named FWD Life Assurance Company (Hong Kong) Limited) (collectively referred to as the “Companies” in this Statement): (a) reprimanded the Companies, pursuant to section 21(2)(a) of the Anti-Money Laundering and Counter-Terrorist...

..., Standards, Guidance and Assessment Methodology (“ICP”) promulgated by the International Association of Insurance Supervisors, in particular ICP 19 which stipulates that the conduct of the business of insurance should ensure that customers are treated fairly, both before a contract is entered into and...