... is expected to exercise prudent control on its reinsurance arrangements. However, such control may be compromised when the reinsurer is a related company, thus posing a higher risk to the regulatory control of the Insurance Authority (“IA”). For the protection of policy holders, the IA has to ensure...

... Illustrations for Long Term Insurance Policies (GL28) (the “Guideline”). These Interpretation Notes are not intended to be a comprehensive guide and do not constitute legal advice. Authorized insurers are advised to seek professional legal advice if they have any questions relating to the application or...

... Illustrations for Long Term Insurance Policies (GL28) (the “Guideline”). These Interpretation Notes are not intended to be a comprehensive guide and do not constitute legal advice. Authorized insurers are advised to seek professional legal advice if they have any questions relating to the application or...

... incremental approach has been adopted. As stipulated in the law, the levy rate started at 0.04% of insurance premiums and will be adjusted gradually until it reaches 0.1%, subject to a levy cap. 1. Exemptions from the levy include reinsurance business, policies underwritten by authorized captive insurers, and...

... incremental approach has been adopted. As stipulated in the law, the levy rate started at 0.04% of insurance premiums and will be adjusted gradually until it reaches 0.1%, subject to a levy cap. 1. Exemptions from the levy include reinsurance business, policies underwritten by authorized captive insurers, and...

... incremental approach has been adopted. As stipulated in the law, the levy rate started at 0.04% of insurance premiums and will be adjusted gradually until it reaches 0.1%, subject to a levy cap. 1. Exemptions from the levy include reinsurance business, policies underwritten by authorized captive insurers, and...

... following are particulars of a body corporate which became a controller within the meaning of section 13B(1) of the Insurance Ordinance (Cap. 41), or which is a partner in †................................................. which became such a controller, of the above-named Insurer on...

... † Please tick the appropriate box. Version: June 2021 1 Form S6 Supplemental Form Information on Director/Controller (Body Corporate) This Form is to be completed for each director/controller1 of a licensed insurance agency, a licensed insurance broker company or an applicant for an insurance...

... † Please tick the appropriate box. Version: June 2021 1 Form S6 Supplemental Form Information on Director/Controller (Body Corporate) This Form is to be completed for each director/controller1 of a licensed insurance agency, a licensed insurance broker company or an applicant for an insurance...