... value plus 75% of the appreciation in value (rule 3(1)(c)). An insurer can opt not to take credit of the appreciation in value (or where there is no recent valuation) and report the net book value 3 (rule 3(1)(a)). Where the market value falls below the net book value, the value of the land or building...

... formulated by the Board. A n n u a l R e p o r t 2 0 1 8 - 1 9 9 Corporate Governance 2 514 10 8 11 7 6 3 4 13 12 1 9 5 Ms Chitty Cheung Fung-ting Non-Executive Director 6 Mr Kenneth Kwok Tsun-wa Non-Executive Director 7 Mr Ma Ho-fai, GBS, JP Non-Executive Director 8 Mr James Wong Chien-kuo Non-Executive...

... formulated by the Board. A n n u a l R e p o r t 2 0 1 8 - 1 9 9 Corporate Governance 2 514 10 8 11 7 6 3 4 13 12 1 9 5 Ms Chitty Cheung Fung-ting Non-Executive Director 6 Mr Kenneth Kwok Tsun-wa Non-Executive Director 7 Mr Ma Ho-fai, GBS, JP Non-Executive Director 8 Mr James Wong Chien-kuo Non-Executive...

... formulated by the Board. A n n u a l R e p o r t 2 0 1 8 - 1 9 9 Corporate Governance 2 514 10 8 11 7 6 3 4 13 12 1 9 5 Ms Chitty Cheung Fung-ting Non-Executive Director 6 Mr Kenneth Kwok Tsun-wa Non-Executive Director 7 Mr Ma Ho-fai, GBS, JP Non-Executive Director 8 Mr James Wong Chien-kuo Non-Executive...

... valuation in money. Some examples which may be reasonably common are: (i) debtors: if a person owes you money, you may insure his life for the amount of the loan, plus accrued interests; (ii) business partners: especially where personal services are involved, such as performers and musicians; (iii...

... person owes you money, you may insure his life for the amount of the loan, plus accrued interests; (ii) business partners: especially where personal services are involved, such as performers and musicians; (iii) contractual relationships: if another person's services have been engaged under contract...

... capable of valuation in money. Some examples which may be reasonably common are: (i) debtors: if a person owes you money, you may insure his life for the amount of the loan, plus accrued interests; (ii) business partners: especially where personal services are involved, such as performers and musicians...

... capable of valuation in money. Some examples which may be reasonably common are: (i) debtors: if a person owes you money, you may insure his life for the amount of the loan, plus accrued interests; (ii) business partners: especially where personal services are involved, such as performers and musicians...

... Office of the Commissioner of Insurance 2015 Annual Report ANNUAL REPORT Supervision • Protection • Development 2015 Contents Mission Statement 3 Key Indicators 5 Insurance Industry Statistical Highlights 8 Message from the Commissioner 12 Work of the Insurance Authority 15 General Insurance Busine...

... Office of the Commissioner of Insurance 2015 Annual Report ANNUAL REPORT Supervision • Protection • Development 2015 Contents Mission Statement 3 Key Indicators 5 Insurance Industry Statistical Highlights 8 Message from the Commissioner 12 Work of the Insurance Authority 15 General Insurance Busine...