... Memorandum of Understanding between the Monetary Authority and the Insurance Authority 19 July 2019 - 1 - Memorandum of Understanding between the Monetary Authority and the Insurance Authority I. PURPOSES 1. This Memorandum of Understanding (“MoU”) aims to set out the framework between the...

... risks, as well as the effect of risk diversification during the QIS. o We note the industry’s concern about the inclusion of operational risk under Pillar 1. Question 7 provides further details on operational risk. 24 Question 7 Do you agree that we should adopt a simple approach in defining capital...

... Life and Annuity (Linked) business amounted to $6.6 billion (decreased by 21.7%). Contributions of Retirement Scheme business reached $8.1 billion (increased by 11.3%). On new business, new office premiums (excluding Retirement Scheme business) of long term business were $48.4 billion...

... (the “Amendment Ordinance”) becoming effective, Part X of the Insurance Ordinance (Cap.41) (“IO”) will continue to govern insurance intermediaries. Insurance intermediaries are currently subject to a self-regulatory system supported by provisions contained in Part X of the IO....

... Syllabus of Principles and Practice of Insurance Examination (for Travel Insurance) P 1 of 3 Candidates are recommended to study the 2017 Edition of the Study Notes for examinations to be held from 6 November 2017 onwards. Insurance Intermediaries Qualifying Examination Syllabus for Travel...

... Definition B. How Agency Arises C. Authority of Agents D. Duties Owed by Agent to Principal E. Duties Owed by Principal to Agent F. Termination of Agency III. Principles of Insurance i. Insurable Interest ii. Utmost Good Faith iii. Proximate Cause iv. Indemnity v. Contribution vi Subrogation P 1 of 3 IV....

... Syllabus of Principles and Practice of Insurance Examination (for Travel Insurance) P 1 of 3 Candidates are recommended to study the 2017 Edition of the Study Notes for examinations to be held before 12 November 2018. Insurance Intermediaries Qualifying Examination Syllabus for Travel Insurance...

... Syllabus of Principles and Practice of Insurance Examination (for Travel Insurance) P 1 of 3 Candidates are recommended to study the 2017 Edition of the Study Notes (with Update (August 2018)) for examinations to be held from 12 November 2018 onwards. Insurance Intermediaries Qualifying...

... Note on the Treatment of "Closely Linked" Entities Page 1 of 7 Note on the Treatment of “Closely Linked” Entities that are Members of the Supervised Groups under the Group-wide Supervision Regime Background Section 95D of the Insurance Ordinance (Cap. 41) (“Ordinance”) provides that the supervised...

... 11 January 2021 Our Ref: INS/TEC/6/20/6 Subfile IV By email only To: Chief Executives of authorized insurers carrying on long term insurance business Dear Sirs, Prescribed Scenarios for Long Term Insurance Business in relation to GL21 I am writing to inform you that the Prescribed Scenarios for...