... take guidance from this Guideline in considering whether there has been an act or omission likely to be prejudicial to the interest of policy holders or potential policy holders (albeit the IA will always take account of the full context, facts and impact of any matter before it in this respect). 4 4....

... anniversary day will fall in the succeeding month. A sample of the Annual Fee Notice is set out in Annex E for information. 11. Insurers should settle the Fees，both the fixed and variable, in full with one payment. DEFINITIONS OF TERMS 12. Where a term used in the Note is defined in Cap. 41 or the subsidiary...

... global risk management centre and insurance and reinsurance hub. a series of proposals have already been implemented to provide for improved tax concessions, expanded scope of risks taken up by captives and issuance of insurance-linked securities. We will take full advantage of the favourable environment...

... global risk management centre and insurance and reinsurance hub. a series of proposals have already been implemented to provide for improved tax concessions, expanded scope of risks taken up by captives and issuance of insurance-linked securities. We will take full advantage of the favourable environment...

... support of their attendance or completion of all the Qualified CPD Activities for at least 3 years after the end of the relevant Assessment Period. Any failure to comply with the CPD requirements set out in GL24 by an individual licensee may result in a disciplinary action to be taken by the...

... circumstances in balance. It took account of the fact that although Mr Tsang’s misconduct was serious in terms of the level of failure and its potential consequences, his culpable conduct was only momentary and did not involve dishonesty. These mitigating factors, as well as the support shown for Mr Tsang...

... Quantitative Impact Study (QIS 3) for the Development of the Risk-based Capital (RBC) Regime I am writing to enlist your support in participating in QIS 3 and submitting the data as requested in the enclosed package. The QIS 3 package represents the collaborative effort of the Insurance Authority (IA) and the...

... Consultation Conclusions that follow demonstrates the full extent to which the feedback has been taken on board. These Consultation Conclusions however do not comprehensively cover all the consultation submissions received. Rather they highlight the major issues raised in the feedback and the IA’s responses to...

... Consultation Conclusions that follow demonstrates the full extent to which the feedback has been taken on board. These Consultation Conclusions however do not comprehensively cover all the consultation submissions received. Rather they highlight the major issues raised in the feedback and the IA’s responses to...

... efficient portfolio management. 6.4 To ensure that an SPE structure meets the “bankruptcy remote” criterion, the insurer should obtain an appropriate legal opinion as to the bankruptcy remoteness. There should also be a full disclosure of the bankruptcy remoteness of the SPE in any prospectus, offering...