... means of capital restructuring, e.g. conversion of subordinated debt into share capital. Q2: Does a professional indemnity insurance (“PII”) policy need to be issued by an insurer which is authorized in Hong Kong to satisfy the requirements in the Broker Rules? A2: No. Provided the terms and conditions...

... means of capital restructuring, e.g. conversion of subordinated debt into share capital. Q2: Does a professional indemnity insurance (“PII”) policy need to be issued by an insurer which is authorized in Hong Kong to satisfy the requirements in the Broker Rules? A2: No. Provided the terms and conditions...

... injects a huge impetus that will help promote healthy development of the deferred annuity market and enrich the mix of insurance products available in Hong Kong,” said Mr Clement Cheung, Chief Executive Officer of the IA. “The advent of QDAP also enables policy holders to receive a stable...

... Under a situation where an umbrella policy consists of several insurance policies written by different insurers, each and every insurer should collect levy on the insurance premium from the policy holder. Q7...

... against insurers or insurance intermediaries; any complaint about the IA’s policy in discharging its statutory functions; any complaint about an operational decision of the IA or its staff in the course of performing its/their statutory functions; any complaint...

... more and more customer-focused. This circular supersedes the “Initiative on Needs Analysis” and will take effect on 1 January 2015. Requirements: 1) Every application for new life insurance policy must be accompanied by a financial needs analysis (“FNA”) form. The FNA must include all the questions and...