... routinely or in response to a request, and lays down procedures governing its prompt release. The Code authorizes and requires IA staff, routinely or on request, to provide information unless there are specific reasons for not doing so. These reasons are set out in Part 2 and will normally be cited if a...

... innovation and spontaneously generate good conduct? Because no market is perfect. Like the human beings who are the actors in it, a market is replete with imperfections and imbalances that if left unchecked could result in unfair outcomes for buyers. Regulation is needed to set parameters...

...; “With our free and open economy, sound legal system, simple tax regime, quality professional services and unrivalled geographical location in the heart of Asia, Hong Kong is well positioned to be a global risk management centre and regional insurance hub. Playing the dual role of regulator and...

... technology (Insurtech) and exploring various electronic distribution channels to improve the customer experience and satisfy the insurance needs of consumers. Currently, policyholders can search for insurance products on the digital sales platform of insurers and purchase simple...

... of solvency. The solvency margin calculation is set out in Section 10 of the ICO for general insurers, and in the Insurance Companies (Margin of Solvency) Regulation for long- term insurers. 2.1.3 The ICO sets out the requirement for an insurer to maintain separate assets in separate long-term...

... conclusions on two sets of rules for implementation of the new statutory regulatory regime for insurance intermediaries. The first set of rules, the Insurance (Maximum Number of Authorized Insurers) Rules, stipulate a cap on the number of insurers which a licensed individual insurance agent or...

... are relatively simple and there is a limited number of licensed technical representatives (agent) or licensed technical representatives (broker) (as the case may be), the IA may, on a case-by-case basis, relax the requirements set out in paragraph 6.4 and allow the business entity to use simplified...

... are relatively simple and there is a limited number of licensed technical representatives (agent) or licensed technical representatives (broker) (as the case may be), the IA may, on a case-by-case basis, relax the requirements set out in paragraph 6.4 and allow the business entity to use simplified...

... are relatively simple and there is a limited number of licensed technical representatives (agent) or licensed technical representatives (broker) (as the case may be), the IA may, on a case-by-case basis, relax the requirements set out in paragraph 6.4 and allow the business entity to use simplified...

... are relatively simple and there is a limited number of licensed technical representatives (agent) or licensed technical representatives (broker) (as the case may be), the IA may, on a case-by-case basis, relax the requirements set out in paragraph 6.4 and allow the business entity to use simplified...