... an authorized officer (JFIU). ©Hong Kong Police Force香港警務處版權所有 ©Ho ng K ong Poli ce Fo rce For Trai ning Pur pose s On ly 香港 警務 處版 權所 有 只用 作培 訓用 途 Joint Financial Intelligence Unit  STR made BEFORE the act AND the act done with consent of an authorized officer (JFIU) OR  STR made AFTER the act – on...

... Practice 7.1) to disclose to a client with respect to remuneration received from an insurer for arranging an insurance policy with the insurer on behalf of the client1. 3. This Practice Note does not have the force of law and should not be interpreted in a way that would override the provision of any law....

... Practice 7.1) to disclose to a client with respect to remuneration received from an insurer for arranging an insurance policy with the insurer on behalf of the client1. 3. This Practice Note does not have the force of law and should not be interpreted in a way that would override the provision of any law....

... to do. Integrity involves doing the right thing, despite the fact that this may be difficult. The IA stands shoulder-to-shoulder with the HKMA on the need to ensure robust ethical standards are followed across the financial services industry and looks forward to continuing close cooperation on...

..., with a breach of some types of policy provision, or the discovery that important information was omitted or wrongly given at the proposal stage (see 3.2 below); 3 Unenforceable contracts: This means what it says, an unenforceable contract cannot be enforced (or sued on) in a court of law. However, this...

... aware that insurance practitioners may use the word ‘risk’ with other meanings, including: 1 the property or person at risk that they are insuring or considering insuring; and 2 the peril (i.e. cause of loss) insured (so, some policies may insure on an ‘all risks’ basis, meaning that any loss due to any...

... After Mr B declared that he had a clean health history on his application form for a hospital insurance policy, the insurer issued the policy with standard terms. Twenty months later, Mr B was admitted to a private hospital for treatment of coronary artery disease, and filed a claim with the insurer....

... robust AML/CTF regime. The IA will continue to collaborate with the insurance sector and other relevant stakeholders to keep improving our sector’s AML/CTF framework. The ME Report can be found on the website of FATF (http://www.fatf- gafi.org/publications/mutualevaluations/documents...

... advising on regulated activities in respect of long term business (hereinafter referred to as “insurance institutions” (“IIs”)), should meet in order to comply with the statutory requirements under the AMLO and the IO. Compliance with this Guideline is enforced through the AMLO and the IO. IIs which fail...

... up to receive or administer the collection of premium and who must avoid mixing premium with his or her own personal funds. Paying premium to an individual insurance agent risks the money not being passed onto the insurer on time (or sometimes at all). This can result in the insurance being cancelled...