... insurance broker advises a client of the number of the insurance broker’s “client account” and/or “own account” he must categorically advise his client of the type of funds, either premium or fee payments, which are to be credited to each of those bank accounts so that clients do not inadvertently deposit...

... purpose and must be used for business introduced from this type of intermediary. For the avoidance of doubt, however, Member Companies must still follow the requirement under 7.8 of the GN15 during the underwriting process for business introduced by insurance brokers, and follow up with the insurance...

... on. In considering the adequacy of reinsurance arrangements of an insurer, the IA will take into account the following factors:    the type of treaties;    the maximum retention of the insurer;    the security of the reinsurers; and    the spread of risks among participating reinsurers....

... on. In considering the adequacy of reinsurance arrangements of an insurer, the IA will take into account the following factors:    the type of treaties;    the maximum retention of the insurer;    the security of the reinsurers; and    the spread of risks among participating reinsurers....

... on. In considering the adequacy of reinsurance arrangements of an insurer, the IA will take into account the following factors:    the type of treaties;    the maximum retention of the insurer;    the security of the reinsurers; and    the spread of risks among participating reinsurers....

... the “Report” option from the vertical menu on the left; iii. selecting “(8). CPD hours required for the Assessment Period 2021/2022” from the pull down menu of “Report Type”; and iv. clicking ‘Download’. The CPD Lists will be updated by the IA on a daily basis to keep track of the status of the...

... insurance intermediary take to ascertain whether or not the customer is purchasing the life insurance policy as a policy replacement? A6 Under section 90(a) of the Ordinance, a licensed insurance intermediary must act honestly, fairly, in the best interests of the policy holder concerned or the potential...

... insurance intermediary take to ascertain whether or not the customer is purchasing the life insurance policy as a policy replacement? A6 Under section 90(a) of the Ordinance, a licensed insurance intermediary must act honestly, fairly, in the best interests of the policy holder concerned or the potential...

...) highlight the type of problems which can arise when a policyholder pays premium to an individual insurance agent, rather than making payment directly to the insurer. These types of problems are illustrated below: As stated in the Code of Conduct for Licensed Insurance Agents, a licensed individual insurance...