... responses, however, indicated support for the higher amount of $500,000. Other respondents suggested that the minimum levels should be increased but to a lower amount, for example $200,000 or $250,000. 14. One respondent pointed out that certain insurance broker companies did not hold client monies, the...

... responses, however, indicated support for the higher amount of $500,000. Other respondents suggested that the minimum levels should be increased but to a lower amount, for example $200,000 or $250,000. 14. One respondent pointed out that certain insurance broker companies did not hold client monies, the...

... responses, however, indicated support for the higher amount of $500,000. Other respondents suggested that the minimum levels should be increased but to a lower amount, for example $200,000 or $250,000. 14. One respondent pointed out that certain insurance broker companies did not hold client monies, the...

... responses, however, indicated support for the higher amount of $500,000. Other respondents suggested that the minimum levels should be increased but to a lower amount, for example $200,000 or $250,000. 14. One respondent pointed out that certain insurance broker companies did not hold client monies, the...

... broking business and he resides in Hong Kong; 9.1.3 he has attained an education standard of Form 5 (or equivalent) or higher; 9.1.4 he is a Fit and Proper Person; 9.1.5 he is a full-time Employee or full-time Director of the Member and is responsible for the conduct of the whole of the insurance broking...

... collected in the Needs Analysis.) 11.2 the financial commitment of clients, i.e. the total premiums payable for the full payment terms of the recommended products as shown in the insurers’ illustration documents. When there are premiums for any riders to the recommended product not included in the...

... customer relationship should therefore always be verified. FIs are required to collect the address of the trustee. Customers – Corporation (Paragraph 4.9.7) An FI should obtain and verify the following information in relation to a customer which is a corporation: (a) full name; (b) date and place of...

... which insurance business is conducted. In this issue, we present the statistics for complaints received by the IA for both the full year 2020 and the first quarter 2021. In our Practice section, we take a look at the regulatory issues which emerge when licensed individual insurance agents promote...

... respect of catastrophe bonds. There is potential for more ILS transactions in Asia. In particular, there are business opportunities arising from the Guangdong-Hong Kong-Macao Greater Bay Area development, with support from the Central Government for Mainland insurers to issue catastrophe bonds in Hong...

... which insurance business is conducted. In this issue, we present the statistics for complaints received by the IA for both the full year 2020 and the first quarter 2021. In our Practice section, we take a look at the regulatory issues which emerge when licensed individual insurance agents promote...