... Consultation Paper on Draft Insurance (Exemption to Appointment of Actuary) Rules, Draft Insurance (Maintenance of Assets in Hong Kong) Rules, Draft Insurance (Marine Insurers and Captive Insurers) Rules and Draft Insurance (Lloyd’s) Rules Consultation...

... are writing to inform you of the following developments: (1) High-Risk Jurisdictions subject to a Call for Action As the FATF decided on a general pause in the review process for this list in April 2020 in response to the COVID-19 crisis, the FATF has issued a statement on 30 June 20202 advising its...

... 29 October 2020 Our Ref: INS/TEC/13/11/ Pt. XXIII By email To: Chief Executives of authorized insurers carrying on general insurance business Dear Sirs, Applying the provisions of Insurance (General Business) (Valuation) Rules in the valuation of right of use asset and related lease liability It...

... 29 October 2020 Our Ref: INS/TEC/13/11/ Pt. XXIII By email To: Chief Executives of authorized insurers carrying on general insurance business Dear Sirs, Applying the provisions of Insurance (General Business) (Valuation) Rules in the valuation of right of use asset and related lease liability It...

... products. However, all insurers and intermediaries carrying on medical insurance business in or from Hong Kong have to be authorised or licensed by the IA. To protect the interests of policy holders, the IA reviews the relevant documents and conducts on-site inspection to ensure that the insurers and...

... Regulation of Insurance Companies in Hong Kong 6/1 6.1.1 Insurance Companies Ordinance (‘ICO’) 6.1.2 Code of Conduct for Insurers 6.1.3 Guidelines on Complaint Handling 6.1.4 Insurance Claims Complaints Bureau (‘ICCB’) 6.2 Regulation of Insurance Intermediaries in Hong Kong 6/15 6.2.1 Roles and...

... 5.5.4 Employees’ Compensation Insurance Residual Scheme Bureau 6. REGULATORY FRAMEWORK OF INSURANCE INDUSTRY 6/1 6.1 Regulation of Insurance Companies in Hong Kong 6/1 6.1.1 Insurance Companies Ordinance (‘ICO’) 6.1.2 Code of Conduct for Insurers 6.1.3 Guidelines on Complaint Handling 6.1.4 Insurance...

... (Cap. 41) (the “Ordinance”) Insurance (Determination of Long Term Liabilities) Rules (Cap. 41E), Rule 8(7)(a) We have been in discussions with the Actuarial Society of Hong Kong (“ASHK”) on a proposal it has made regarding the approach to be used by long term authorized insurers to value the yield...

... (Cap. 41) (the “Ordinance”) Insurance (Determination of Long Term Liabilities) Rules (Cap. 41E), Rule 8(7)(a) We have been in discussions with the Actuarial Society of Hong Kong (“ASHK”) on a proposal it has made regarding the approach to be used by long term authorized insurers to value the yield...

... REGULATORY FRAMEWORK OF INSURANCE INDUSTRY 5/1 5.1 Regulation of Insurance Companies in Hong Kong 5/1 5.1.1 Insurance Ordinance 5.1.2 Code of Conduct for Insurers 5.1.3 Guidelines on Complaint Handling 5.1.4 Insurance Claims Complaints Bureau (‘ICCB’) 5.2 Regulation of Insurance Intermediaries in Hong Kong 5...