... outsourced service is disrupted or falls short of acceptable standards; (c) cost of outsourcing as a proportion to the total operating costs of the insurer; and (d) degree of difficulty and time required to find alternative service provider or to bring the outsourced service in-house, if necessary. 5.5. An...

... included from the calculation. [For whole-life premium payment policies] As this policy involves whole-life premium payment, a 30- year period has been adopted for calculating both the total premiums and the total remuneration. [For policies sold through bank] In this statement, “bank” refers to a licensed...

... Capital (“RBC”) Regime which is targeted to be implemented in 2024. We received a total of 120 Own Risk and Solvency Assessment (“ORSA”) Reports prepared for the first time under the GL21. We consider that insurers generally made a good advancement in implementing their risk management governance and ORSA...

... the total premiums and the total remuneration. [For policies sold through bank] In this statement, “bank” refers to a licensed bank, restricted licence bank or deposit-taking company. Please consult your (agent/broker/bank) if you wish to know more about the remuneration that he/she/they may receive...

... million from the Government. The IA is a financial regulator deriving its income from premium levies, authorization and annual fees, and specific user fees. We strive to achieve financial independence and are committed to deploying our resources optimally in performing our statutory functions. 4 total...

... million from the Government. The IA is a financial regulator deriving its income from premium levies, authorization and annual fees, and specific user fees. We strive to achieve financial independence and are committed to deploying our resources optimally in performing our statutory functions. 4 total...

... fair treatment of customers, and the issue of equity between shareholders and policyholders. I-4 3. Provision of Standard Illustration 3.1 The objective of a standard illustration is to provide a potential customer with the projected performance of a life insurance policy showing the total benefits...

... Consultation Conclusions on: (1) Draft Guideline on Fit and Proper Criteria for Licensed Insurance Intermediaries under the Insurance Ordinance (Cap. 41) and (2) Draft Guideline on Continuing Professional Development for Licensed Insurance Intermediaries July 2019 Contents Executive Summary 1 Feedb...

... egn2019232121 G.N. (E.) 21 of 2019 UNITED NATIONS (ANTI-TERRORISM MEASURES) ORDINANCE (Chapter 575) Updating of specification of names of persons designated as terrorists or terrorist associates by the Committees of the United Nations Security Council established pursuant to the Resolutions 1267 (1...

... egn2019232222 G.N. (E.) 22 of 2019 UNITED NATIONS (ANTI-TERRORISM MEASURES) ORDINANCE (Chapter 575) Updating of specification of names of persons designated as terrorists or terrorist associates by the Committees of the United Nations Security Council established pursuant to the Resolutions 1267 (1...