...”) on Initiative on Financial Needs Analysis (“FNA”) Subsequent to our circular dated 13 November 2015 (Ref: Mv126/15) on the FAQs on the FNA, the LIC has received further comments / questions from LIMs and thus included the same in the attached to facilitate compliance by LIMs with the FNA. The FAQs...

... stated that he was unable to perform any work until 15 July 1999. The insurer had already paid the insured 159 days’ Temporary Total Disability benefits. However, having learned from the medical examiner that the insured’s range of trunk movement had reached three quarters of his normal range since 15...

... from the insured’s attending doctors confirmed that he still had right thigh and left toe pain/numbness and could not walk for a long distance. Medical certificates also stated that he was unable to perform any work until 15 July 1999. The insurer had already paid the insured 159 days’ Temporary Total...

... from the insured’s attending doctors confirmed that he still had right thigh and left toe pain/numbness and could not walk for a long distance. Medical certificates also stated that he was unable to perform any work until 15 July 1999. The insurer had already paid the insured 159 days’ Temporary Total...

... reference only. Insurers are advised to contact their case officers in case of doubt. I. Section 3 – Purpose Q 1. Certain types of products are excluded from the FNA requirements. However, there are requirements under GN16 (e.g. Section 7 on Suitability Assessment, Section 8 on Advice to Customers, Section...

... PCR should be set at a confidence level calculated using 99.5% value-at-risk (“VaR”) over a one-year period. 3 8. There is general agreement with the total balance sheet approach for the measurement of risks, as well as the establishment of the two explicit solvency control levels. 9. In respect of...

... customers understand what it does and does not cover following COVID-19 2 8 July 2020 Mr Tommy Chan 2882 9943 See Note 4 IA-CIB- 2020009 CIB Cyber Loss Scenarios to Test and Demonstrate the Coverage Following COVID-19 2 15 July 2020 Mr Tommy Chan 2882 9943 See Note 4 IA-CIB- 2020010 CIB An Introduction to...