... Financial Reporting Council that it is a daunting task to set up a new organization. And setting up the independent authority for the insurance industry would not be any easier. It was after deep thoughts and prayers that I agreed to take up the invitation to work in this new - 3 - venture. 7. On being...

... and chief executives of insurance brokers will be deemed as responsible officers of the firms concerned during the transitional period. 6 New Regulatory Regime for Insurance Intermediaries 7 Set out licensing, F&P and conduct requirements Process licence applications and update Register of licensees...

... account owner”) with information on how to submit an individual licence application through IIC. For the set up of “supervisor account” and “administration account” by the principal, please refer to the “User Guide of the IA Insurance Intermediaries Connect for Principals (Authorized Insurers, Licensed...

... Complaints Panel relies heavily on the expected standards set out in The Code of Conduct for Insurers, with particular reference to “Part III: Claims”. It should be noted, however, that these Study Notes will not make you a fully qualified underwriter or other insurance specialist. It is intended to give a...

... far as good insurance practice is concerned, the Insurance Claims Complaints Panel relies heavily on the expected standards set out in The Code of Conduct for Insurers, with particular reference to “Part III: Claims”. It should be noted, however, that these Study Notes will not make you a fully...

... Complaints Bureau (‘ICB’) with effect from 16 January 2018. This Update serves to set out the textual updates to the Study Notes for the Long Term Insurance Examination (2017 Edition) to reflect the aforesaid change. Existing Wording Updated Wording Sections They being decided cases of the Insurance Claims...

... approximation results from the General Model and consider using PAA instead of General Model? 1 (ii) Variable Fee Approach (In HK'000) (iii) Premium Allocation Approach (PAA) (In HK'000) Total Gross Written Premium (In HK'000) 12a) Have you completed the determination of HKFRS 17 contract boundary assessment of...

... consideration. The relevant Forms1 for seeking approval/no objection or notification of any changes of or in the particulars of such persons are set out in Schedules 2, 4, 5 and 6 to the Ordinance. The IA’s Powers of Approval, Revocation of Approval, or Objection in respect of Proposed Appointments or...

... (“CPD”) Requirements CPD Compliance Reporting for the Assessment Period 2021/2022 Detailed instructions for reporting by individual licensees and appointing principals to the Insurance Authority (“IA”) Further to our circular dated 28 January 2022, we write to set out the CPD compliance reporting...

... Examination. Both Parts should be studied carefully, but the following table indicates areas of particular importance: Part Relative Weight I 35% II 65% Total 100% Part I Principles and Practice of Insurance TABLE OF CONTENTS Chapter Page 1. RISK AND INSURANCE 1/1 1.1 Concept of Risk 1/1 1.1.1 Meaning of Risk...