... authorized insurer or with other authorized insurers as disclosed by the customer, the assessment should be carried out based on an aggregate of all the in force policies of the customer, rather than just the policy which is the subject of the application. An authorized insurer should have internal controls...

... authorized insurer or with other authorized insurers as disclosed by the customer, the assessment should be carried out based on an aggregate of all the in force policies of the customer, rather than just the policy which is the subject of the application. An authorized insurer should have internal controls...

... itself. However, insurers may wish to provide support to the smaller agencies they appoint to assist them in this process. Next steps We have engaged with The Hong Kong Federation of Insurers (“HKFI”) and other key stakeholders to elicit feedback on the application process from the “user perspective” (and...

... Commissioner of Insurance The Government of the Hong Kong Special Administrative Region Chapter 4 Chapter 4 –– Person purports to act on behalf Person purports to act on behalf of the customerof the customer 4.4.4: for long lists of a/c signatories & low risk cases • Signatory list with names (independent...

... Commissioner of Insurance The Government of the Hong Kong Special Administrative Region Chapter 4 Chapter 4 –– Person purports to act on behalf Person purports to act on behalf of the customerof the customer 4.4.4: for long lists of a/c signatories & low risk cases • Signatory list with names (independent...

... Commissioner of Insurance The Government of the Hong Kong Special Administrative Region Chapter 4 Chapter 4 –– Person purports to act on behalf Person purports to act on behalf of the customerof the customer 4.4.4: for long lists of a/c signatories & low risk cases • Signatory list with names (independent...

... Pass” Arrangement The fifth wave of community outbreak precipitated by the Omicron variant is raging in recent weeks, leading to a rapid surge of infected cases. To cope with this real and present threat, the Insurance Authority has introduced a “vaccine pass” arrangement on 16 February 2022 whereby...

... potential STRs for reporting to the JFIU? To what extent do the STRs reported contain complete, accurate and adequate information relating to suspicious transaction? 20 STR 21 • Review on policyholder level instead of policy level • Dedicated email account for internal STR reporting with automatic...

... potential STRs for reporting to the JFIU? To what extent do the STRs reported contain complete, accurate and adequate information relating to suspicious transaction? 20 STR 21 • Review on policyholder level instead of policy level • Dedicated email account for internal STR reporting with automatic...