... members of its appointed agency force to perform this type of role in the claims handling process, it must provide its agents with adequate training and ongoing support (such as through claims clinics and claims hotlines). Unlike licensed insurance agents, licensed insurance brokers represent...

... purpose and must be used for business introduced from this type of intermediary. For the avoidance of doubt, however, Member Companies must still follow the requirement under 7.8 of the GN15 during the underwriting process for business introduced by insurance brokers, and follow up with the insurance...

... on. In considering the adequacy of reinsurance arrangements of an insurer, the IA will take into account the following factors:    the type of treaties;    the maximum retention of the insurer;    the security of the reinsurers; and    the spread of risks among participating reinsurers....

... on. In considering the adequacy of reinsurance arrangements of an insurer, the IA will take into account the following factors:    the type of treaties;    the maximum retention of the insurer;    the security of the reinsurers; and    the spread of risks among participating reinsurers....

... on. In considering the adequacy of reinsurance arrangements of an insurer, the IA will take into account the following factors:    the type of treaties;    the maximum retention of the insurer;    the security of the reinsurers; and    the spread of risks among participating reinsurers....

... The Insurance Companies (Margin of Solvency) Regulation elaborates on the calculation of solvency margin by class of business for long-term business. In summary, the solvency margin calculation is factor-based and is subject to dollar amount minimums, which vary by type of insurers. In general, the...

... insurance policy is a type of annuity insurance policy which has an accumulation phase and an annuitization phase. During the accumulation phase, the policy holder pays premiums regularly over a period of time which is then (usually) followed by a deferral period to allow the paid up sum to grow through...

... the “Report” option from the vertical menu on the left; iii. selecting “(8). CPD hours required for the Assessment Period 2021/2022” from the pull down menu of “Report Type”; and iv. clicking ‘Download’. The CPD Lists will be updated by the IA on a daily basis to keep track of the status of the...