... Application 16. The applicant may proceed to prepare the application after it has discussed with us its proposal, if such is considered acceptable to us. We recommend that an application should first be submitted to us in draft form. This means that the applicant should complete the Application Form with the...

... require medical expertise, are based on opinion sought from properly qualified persons (such as a Chief Medical Officer or persons with medical background/experience). 4) An authorized insurer should provide regular periodic updates to claimants After a claim has been made, an...

... commissions, service fees or marketing allowances paid by the insurers. For these, additional measures for disclosure (over and above those stated in this Practice Note) may be required to be given by the licensed insurance broker company to the client and express consent obtained. Please also see circular...

... commissions, service fees or marketing allowances paid by the insurers. For these, additional measures for disclosure (over and above those stated in this Practice Note) may be required to be given by the licensed insurance broker company to the client and express consent obtained. Please also see circular...

... as a criteria • Time between policy issued/certain event and payout 18 18 Fund Outflow Frequent cooling off/policy cancellation on policyholder level 19 19 Fund Outflow 20 20 Withdrawal/surrender soon after change of policy ownership Fund Outflow Frequent surrender 21 21 Surrender loss over certain...

... (increased by 9%), followed by General Liability business with gross premiums of $10.8 billion (increased by 14%). Property Damage business reported a gain in gross premiums by 12.4% to $4.9 billion, while the gross premiums of Ships business went up by 21.2% to $2.1 billion after the authorization of a few...

..., such as the type of non-guaranteed benefits and product type. After selecting a product series, look at the ratios across all policy years to get a better understanding of how the insurer fulfills its non-guaranteed benefits over time. Useful information To learn more about how...

... $6.8 million after many challenging years. On reinsurance inward business, the gross and net premiums were $4.3 billion (decreased by 1.7%) and $2.2 billion (decreased by 22.3%) respectively. The growth in Property Damage business and General Liability business, attributable to rates...

... as a criteria • Time between policy issued/certain event and payout 18 18 Fund Outflow Frequent cooling off/policy cancellation on policyholder level 19 19 Fund Outflow 20 20 Withdrawal/surrender soon after change of policy ownership Fund Outflow Frequent surrender 21 21 Surrender loss over certain...

... situation and after consultation with the industry, the IA sees the need for rolling out Phase 2 of the TFM with details of implementation set out below. Scope of products covered Phase 2 of the TFM will cover the following types of products – (i) Qualifying Deferred Annuity Policy (“QDAP”) (ii) Voluntary...