... Insurance Intermediaries 20. The Amendment Ordinance was passed in 2015. The policy objectives behind its passing include to provide better protection for policyholders and to comply with the requirement of the International Association of Insurance Supervisors (“IAIS”) that insurance regulators should be...

... Consultation Conclusions on the Draft Code of Conduct for Licensed Insurance Agents 6 agents following the compliance requirements set by their appointing insurers or appointing agency (as applicable). IA’s response 18. Corporate governance is an important aspect of policy holder protection. A failure to have...

... Consultation Conclusions on the Draft Code of Conduct for Licensed Insurance Agents 6 agents following the compliance requirements set by their appointing insurers or appointing agency (as applicable). IA’s response 18. Corporate governance is an important aspect of policy holder protection. A failure to have...

..., namely Basic Benefits, as prescribed in the Policy Template (see (c)(ii) above). (5) A Flexi Plan must provide Enhanced Benefits in addition to the Basic Benefits. The design of Flexi Plans must adhere to the “better-off principle” entailing terms and benefits which will bring more protection to...

... Enhance Customer Protection (“Updated Requirements”) With reference to our Circular (Ref: Mv135/14) dated 8 December 2014, a revised enclosure (mainly with topographical changes on pages 10 and 30) is enclosed herewith to replace the Updated Requirements. The full set of Updated Requirements is...

... insurance intermediaries, such as guidelines on conduct requirements for insurance intermediaries, protection of personal data, equal opportunities, corruption prevention and prevention of money laundering and terrorist financing. Annex 1 8 4. If an individual licensee, as part of a Type 2, 3, 4, 5, 6, 7 or...

... insurance intermediaries, such as guidelines on conduct requirements for insurance intermediaries, protection of personal data, equal opportunities, corruption prevention and prevention of money laundering and terrorist financing. Annex 1 8 4. If an individual licensee, as part of a Type 2, 3, 4, 5, 6, 7 or...

... insurance intermediaries, such as guidelines on conduct requirements for insurance intermediaries, protection of personal data, equal opportunities, corruption prevention and prevention of money laundering and terrorist financing. Annex 1 8 4. If an individual licensee, as part of a Type 2, 3, 4, 5, 6, 7 or...

... consider that knowledge on the part of the regulated person should be added as a consideration because, as a matter of safeguarding professional standards and of policy holder protection, a person should be held accountable for any financial crime resulting from his/her own conduct. 26. One respondent...