... Liability Insurance 1.7 Marine Insurance 1/63 1.7.1 Marine Cargo Insurance 1.7.2 Marine Hull Insurance 1.7.3 Pleasure Craft Insurance 1.7.4 Statutory Requirements for Third Party Risks Insurance 2. UNDERWRITING AND POLICY WORDING 2/1 2.1 Proposal and Material Facts 2/1 2.1.1 Material Facts and Risk...

... of good faith, often called the principle of utmost good faith. It means that each party is under a duty to reveal all vital information (called material facts) to the other party, whether or not that other party asks for it. For example, a proposer of fire insurance is obliged to reveal the relevant...

... insurer (with the main manifestation being the duty to disclose all material facts before the insurance policy is entered into). The duty owed by a broker to a client, by contrast, is a fiduciary one which is characterized by “good faith”. 37. Respondents also commented that marketing materials are mostly...

... insurer (with the main manifestation being the duty to disclose all material facts before the insurance policy is entered into). The duty owed by a broker to a client, by contrast, is a fiduciary one which is characterized by “good faith”. 37. Respondents also commented that marketing materials are mostly...

... business environment has always been a crucial factor in establishing Hong Kong as an international financial centre. However, our economy has suffered a heavy toll since last year because of the social events and the COVID- 19 pandemic. New office premiums for long-term insurance business in the first...

... business environment has always been a crucial factor in establishing Hong Kong as an international financial centre. However, our economy has suffered a heavy toll since last year because of the social events and the COVID- 19 pandemic. New office premiums for long-term insurance business in the first...

...%). New office premiums in respect of policies issued to Mainland visitors were $43.4 billion (decreased by 8.8%), representing 25.2% of the total for individual businesses, with the recent social events taking a heavy toll in the fourth quarter that saw premiums contracted further by 23.4% to $7.4...

... During the first quarter of 2021, some 24,000 Qualifying Deferred Annuity Policies were issued that attracted $1.6 billion in terms of premiums, representing 4% of the total for individual businesses. Continued restrictions on cross-boundary passenger traffic took a heavy toll on the new...

... business environment has always been a crucial factor in establishing Hong Kong as an international financial centre. However, our economy has suffered a heavy toll since last year because of the social events and the COVID- 19 pandemic. New office premiums for long-term insurance business in the first...

... induce, a person to enter into a contract of insurance Inviting or inducing, or attempting to invite or induce, a person to make a material decision Giving regulated advice   A “material decision” refers to a decision made, and “regulated...