... prevailing market, QDAPs can be divided into two categories with respect to the annuity (income) payment period: the first category is “fixed term” with a period certain annuity, in which the annuity will be distributed over a set period of time by the policyholder. The minimum period is set to...

... arranging reinsurance coverage for Mainland insurers for managing their risks in Belt & Road projects. Thirdly, Hong Kong is an ideal place for Mainland enterprises to set up captive insurers. By setting up a captive insurer in Hong Kong, a Mainland group can pool the risks among its subsidiaries and...

... of the Board, the Controller and the Appointed Actuary 4.1 It is the duty of the Controller, as specified under section 13A(12) of the Ordinance, to ensure that requirements set out in this Guideline and the relevant ICPs are observed throughout the life cycle of all long term (except Class C...

... concerned, the Insurance Claims Complaints Panel relies heavily on the expected standards set out in The Code of Conduct for Insurers, with particular reference to “Part III: Claims”. It should be noted, however, that these Study Notes will not make you a fully qualified underwriter or other insurance...

...;) are encouraged to make reference to the reporting methods and advice available on the website of the Joint Financial Intelligence Unit (“JFIU”) , as well as the advice and observations from the JFIU set out below. Adopting the SAFE approach "SAFE" is a...

... following two set of rules, which are subsidiary legislation, and is finalizing other codes and guidelines in phases. (a) Insurance (Maximum Number of Authorized Insurers) Rules (b) Insurance (Financial and Other Requirements for Licensed Insurance Broker Companies) Rules The IA endeavors to ensure the...

... Financial Reporting Council that it is a daunting task to set up a new organization. And setting up the independent authority for the insurance industry would not be any easier. It was after deep thoughts and prayers that I agreed to take up the invitation to work in this new - 3 - venture. 7. On being...

... and chief executives of insurance brokers will be deemed as responsible officers of the firms concerned during the transitional period. 6 New Regulatory Regime for Insurance Intermediaries 7 Set out licensing, F&P and conduct requirements Process licence applications and update Register of licensees...

... Financial Reporting Council that it is a daunting task to set up a new organization. And setting up the independent authority for the insurance industry would not be any easier. It was after deep thoughts and prayers that I agreed to take up the invitation to work in this new - 3 - venture. 7. On being...

... and chief executives of insurance brokers will be deemed as responsible officers of the firms concerned during the transitional period. 6 New Regulatory Regime for Insurance Intermediaries 7 Set out licensing, F&P and conduct requirements Process licence applications and update Register of licensees...