... information required is available. In this connection, it is advisable to hold preliminary meetings with the Insurance Authority before submitting the formal application. (b) The company should not commence to carry on any insurance business in or from Hong Kong, or make any press announcement, until its...

... and regulatory requirements, and the AML/CFT standards which authorized insurers, reinsurers, appointed insurance agents and authorized insurance brokers carrying on or advising on long term business (hereinafter referred to as “insurance institutions” (“IIs”)), should meet in order to comply with the...

... operation (e.g. provision of adequate services to customers) and reputation of the insurer if the outsourced service is disrupted or falls short of acceptable standards; (b) impact on the ability of the insurer to maintain adequate internal controls and comply with legal and regulatory requirements if the...

... prudent reinsurance practices through the issue of guidelines and circular letters. An authorized insurer is obliged to follow any applicable guidance so provided. For the avoidance of doubt, the insurer should also follow the “Guideline on Reinsurance with Related Companies” (“GL12”) in respect of any...

... maintaining assets in Hong Kong to match local liabilities and exemption from the requirement for valuing assets and liabilities in accordance with the statutory basis. You may see the above recording (in Mandarin only) from the Captive Forum 2020 to Mainland enterprises held on 27 October 2020...

... Ordinance (Cap.41) (“IO”) Pursuant to section 73(1) of the IO, a licensed insurance broker company must, within 6 months after the end of each financial year (“the 6-month statutory submission deadline”), provide the IA with its audited financial statements, an auditor’s report on its financial statements...

... Ordinance (Cap.41) (“IO”) Pursuant to section 73(1) of the IO, a licensed insurance broker company must, within 6 months after the end of each financial year (“the 6-month statutory submission deadline”), provide the IA with its audited financial statements, an auditor’s report on its financial statements...

... fee of HK$15,000 be charged upon authorization of each SPI and thereafter on an annual basis, with no variable fee.  Insurance (Special Purpose Business) Rules (Cap. 41P) The Insurance (Special Purpose Business) Rules...