... negatively should a risk event occur and in what circumstances such impact would exceed the tolerance level set. Through qualitative and/or quantitative risk analysis, project owners would have a clearer idea on the risks they are facing and the level of protection they need. This facilitates their decision...

... set aside a lump sum of liquid assets for the specified term of a single-premium policy. 14. Members should include specific questions, where appropriate, asking for details of all existing long term insurance policy(ies) taken out by the client which is/are not matured, lapsed, or surrendered. In...

... multiple choice options in the suggested FNA form as set out in the Appendix. However, Member Companies may include additional questions and/or multiple choice options, if they consider that such will further enhance the suitability assessment for their own products. 2) Neither Member Companies nor...

... of the Board, the Controller and the Appointed Actuary 4.1 It is the duty of the Controller, as specified under section 13A(12) of the Ordinance, to ensure that requirements set out in this Guideline and the relevant ICPs are observed throughout the life cycle of all long term (except Class C...

... outsourcing arrangement is reassessed to be material, the insurer should notify the IA forthwith and take practical steps to address all the essential issues set out in this Guideline in a timely manner. For the avoidance of doubt, an authorized insurer should notify the IA of the information as mentioned in...

..., registration or approval status, as the case may be, in Hong Kong and elsewhere, if any. Alternatively, it may set out conspicuously in a disclaimer the territory(ies) in which it does not intend to conduct insurance business. 4.3. As a general principle, insurance activities that are conducted from outside of...

... first year of the direct regulatory regime for licensed insurance agents and issues relating to authorized insurers As you will be aware, the new direct regulatory regime for licensed insurance intermediaries, as set out in the Insurance Ordinance (Cap. 41) (the “Ordinance”), has been in effect for just...

... Chuk Hang, Hong Kong for processing of the request. The IA has the right to charge a reasonable fee for processing any such request. Enquiries Any enquiries regarding the personal data collected, used or transferred by the IA, or requests for access to and/or correction of, the personal data held by...

... The IA has the right to charge a reasonable fee for processing any such request. Enquiries Any enquiries regarding the personal data collected, used or transferred by the IA, or requests for access to and/or correction of, the personal data held by the IA should be made in writing to: The Data Privacy...

... quotation, offer letter, promotional materials, insurance policy or the policy schedule, thereby reducing the amount of premium, fee or charge the policy holder is obliged to pay under the terms of the insurance policy. (f) “Permitted Gift” means a gift listed in the Annex to this Guideline. (g) “Rebate...