..., with a breach of some types of policy provision, or the discovery that important information was omitted or wrongly given at the proposal stage (see 3.2 below); 3 Unenforceable contracts: This means what it says, an unenforceable contract cannot be enforced (or sued on) in a court of law. However, this...

... aware that insurance practitioners may use the word ‘risk’ with other meanings, including: 1 the property or person at risk that they are insuring or considering insuring; and 2 the peril (i.e. cause of loss) insured (so, some policies may insure on an ‘all risks’ basis, meaning that any loss due to any...

... 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...

... advising on regulated activities in respect of long term business (hereinafter referred to as “insurance institutions” (“IIs”)), should meet in order to comply with the statutory requirements under the AMLO and the IO. Compliance with this Guideline is enforced through the AMLO and the IO. IIs which fail...

... to implement five near-term action points: Climate-related disclosures aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations1 will be mandatory across relevant sectors no later than 2025. Building on the existing requirements of listed companies...

... QDAP Selection Made Easy QDAP Selection Made Easy allows you easily search for the current available QDAP options with applicable product features. Simply answer 5 questions, including current age, policy currency, premium payment period, annuity...

...) Ordinance (Cap. 628) (“the Ordinance”) came into operation on 7 July 2017. The Ordinance establishes a cross-financial sector resolution regime that is designed to meet the international standards set by the Financial Stability Board. It will strengthen the resilience of Hong Kong’s financial system and...

... international attention in the past year, but it does not obliterate the harsh reality that climate change is the gravest peril faced by mankind. It is real, it is imminent, it is destructive, and it affects every single creature on this planet with no mercy nor exception. Anyone having the slightest doubt on...

... international attention in the past year, but it does not obliterate the harsh reality that climate change is the gravest peril faced by mankind. It is real, it is imminent, it is destructive, and it affects every single creature on this planet with no mercy nor exception. Anyone having the slightest doubt on...