... calendar day period. However, if the last day of the 21 6 calendar day period is not a working day, the period shall include the next working day. 5.5 In order for the Cooling-off Period to commence within an appropriate time- frame of the date of issue of the life insurance policy: (a) where the life...

... calendar day period. However, if the last day of the 21 6 calendar day period is not a working day, the period shall include the next working day. 5.5 In order for the Cooling-off Period to commence within an appropriate time- frame of the date of issue of the life insurance policy: (a) where the life...

... 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...