... Issue – August 2017 Page 1 Note 2.0 INSURANCE AUTHORITY Note on Annual Authorization Fee INTRODUCTION Section 13 of the Insurance Ordinance (Cap. 41) provides that every authorized insurer must pay the prescribed fees to the Insurance Authority (the “Authority”) not later than the date on which it...

... Issue – August 2017 Page 1 Note 2.0 INSURANCE AUTHORITY Note on Annual Authorization Fee INTRODUCTION Section 13 of the Insurance Ordinance (Cap. 41) provides that every authorized insurer must pay the prescribed fees to the Insurance Authority (the “Authority”) not later than the date on which it...

... Authority • To facilitate sustainable development of the insurance industry • To protect policy holders with a modernised regulatory infrastructure 2 Key Statutory Functions 3 Regulate and supervise insurers and insurance intermediaries Promote proper conduct and practices Conduct studies, consider and...

... Authority • To facilitate sustainable development of the insurance industry • To protect policy holders with a modernised regulatory infrastructure 2 Key Statutory Functions 3 Regulate and supervise insurers and insurance intermediaries Promote proper conduct and practices Conduct studies, consider and...

... Authority • To facilitate sustainable development of the insurance industry • To protect policy holders with a modernised regulatory infrastructure 2 Key Statutory Functions 3 Regulate and supervise insurers and insurance intermediaries Promote proper conduct and practices Conduct studies, consider and...

... potential STRs for reporting to the JFIU? To what extent do the STRs reported contain complete, accurate and adequate information relating to suspicious transaction? 20 STR 21 • Review on policyholder level instead of policy level • Dedicated email account for internal STR reporting with automatic...

... potential STRs for reporting to the JFIU? To what extent do the STRs reported contain complete, accurate and adequate information relating to suspicious transaction? 20 STR 21 • Review on policyholder level instead of policy level • Dedicated email account for internal STR reporting with automatic...

... potential STRs for reporting to the JFIU? To what extent do the STRs reported contain complete, accurate and adequate information relating to suspicious transaction? 20 STR 21 • Review on policyholder level instead of policy level • Dedicated email account for internal STR reporting with automatic...

... also agree to cooperate in offering training on complaints-handling to insurance industry participants and to consider staff secondment opportunities as and when appropriate. 19. Where a matter is not dealt with explicitly in this MoU, the Parties agree to work together to resolve it quickly in...