... 3.2.2 Utmost Good Faith Insurance is subject to a more stringent common law principle of good faith, often called the principle of utmost good faith. It means that each party is under a duty to reveal all vital information (called material facts) to the other party, whether or not that other party asks...

... bushfires, parching droughts and drenching precipitation have become regular occurrences,” said Dr Moses Cheng, Chairman of the IA, in the opening speech. “Apart from diligently fulfilling the duty to act as good corporate citizens, the insurance industry does have a multiple role to play as...

... premium information of the Certified Plans on offer; underwriting factors, material facts and information of consumers for underwriting purposes; eligibility for tax deduction; complaint handling procedures. (6) VHIS Providers should inform applicants of their obligations to disclose personal information...

... of the client, including the scenario where an existing policyholder requests a top-up. 4.8 Member has the duty to verify all available information, particularly the “Statement of Purpose” section in the Important Facts Statement / Applicant’s Declaration (“IFS/AD”), the FNA and Risk Profile...

... Activities Schedule 1A • negotiating or arranging a contract of insurance • inviting or inducing, or attempting to invite or induce, a person to enter into a contract of insurance • inviting or inducing, or attempting to invite or induce, a person to make a material decision • giving regulated advice 7...

... Activities Schedule 1A • negotiating or arranging a contract of insurance • inviting or inducing, or attempting to invite or induce, a person to enter into a contract of insurance • inviting or inducing, or attempting to invite or induce, a person to make a material decision • giving regulated advice 7...

... Activities Schedule 1A • negotiating or arranging a contract of insurance • inviting or inducing, or attempting to invite or induce, a person to enter into a contract of insurance • inviting or inducing, or attempting to invite or induce, a person to make a material decision • giving regulated advice 7...

... Training Board and the Institute of Professional Education and Knowledge under the Vocational Training Council. At that time, the Insurance Authority (“IA”) was a start-up without any regulatory duties yet. There were quite some worries that I, another lawyer, would build a heavy-handed regulator. Over the...

... Training Board and the Institute of Professional Education and Knowledge under the Vocational Training Council. At that time, the Insurance Authority (“IA”) was a start-up without any regulatory duties yet. There were quite some worries that I, another lawyer, would build a heavy-handed regulator. Over the...