... after careful consideration and you decide to cancel it during the cooling-off period, you will receive a refund of the paid premium and premium levy. The cooling-off period is a period of 21 calendar days immediately following the date of delivery of the policy or cooling-off notice to the...

..., please also check the Register of Licensed Insurance Intermediaries to ensure the applicant is not holding an active licence with the Insurance Authority.   If the applicant is holding an active licence and he/she/it is not going to change his/her/its licence type under a new...

... the appropriate box. Version: September 2019 1 Form A2 Please complete all items in BLOCK LETTERS. All amendments must be signed by Applicant. I. Basic Information on Principal Name in English Name in Chinese (if any) † Type of Principal ☐ Authorized Insurer (Please provide Company Registration No....

... Chapters should be studied carefully, but the following table indicates areas of particular importance: Chapter Relative Weight 1 12% 2 16% 3 30% 4 9% 5 5% 6 21% 7 7% Total 100% 1/1 1 RISK AND INSURANCE 1.1 CONCEPT OF RISK 1.1.1 Meaning of Risk There have been many attempts to define ‘risk’. Probably, to...

... class of insurance business it carries on. In considering the adequacy of reinsurance arrangements of an insurer, the IA will take into account the following factors :- • the type of treaties; • the maximum retention of the insurer; • the security of the reinsurers; and • the spread of risks among...

... class of insurance business it carries on. In considering the adequacy of reinsurance arrangements of an insurer, the IA will take into account the following factors :- • the type of treaties; • the maximum retention of the insurer; • the security of the reinsurers; and • the spread of risks among...

... employment or where the person relating their customer experience is doing so for reward). In the IA’s view, the regulatory regime under the Ordinance does not intend to prohibit this type of normal social interaction. B9.6 If, however, an authorized insurer seeks to offer a gratuity to its existing...

... employment or where the person relating their customer experience is doing so for reward). In the IA’s view, the regulatory regime under the Ordinance does not intend to prohibit this type of normal social interaction. B9.6 If, however, an authorized insurer seeks to offer a gratuity to its existing...

... fees and charges scale since point-of-sale. Q20 Please clarify if it is optional to show the fees and charges for past policy years in the inforce re-projection illustration. The fees and charges are already reflected in the current policy value. A20 Yes, it is optional. Q21 If authorized insurers have...