... Training Board and the Institute of Professional Education and Knowledge under the Vocational Training Council. At that time, the Insurance Authority (“IA”) was a start-up without any regulatory duties yet. There were quite some worries that I, another lawyer, would build a heavy-handed regulator. Over the...

..., directors, key persons in control functions and appointed actuaries 4.4(b)(iv) the Government [text removed] 2.2.5(a) Government: all governments are under a duty to protect the welfare of their citizens. Regulator: the insurance regulator is under a duty to protect the policyholders and potential...

...) identify and evaluate all relevant material risks to which it would be exposed in engaging in such activities (sections 6.2 and 6.3 of GL21); c) establish monitoring and reporting processes to ensure that the relevant material risks are monitored and reported to its board, risk committee and senior...

..., or attempting to invite or induce, a person to enter into a contract of insurance; c) inviting or inducing, or attempting to invite or induce, a person to make a material decision; d) giving regulated advice. 2.4 In this connection, a “material decision” refers to a decision made, and “regulated...

..., or attempting to invite or induce, a person to enter into a contract of insurance; c) inviting or inducing, or attempting to invite or induce, a person to make a material decision; d) giving regulated advice. 2.4 In this connection, a “material decision” refers to a decision made, and “regulated...

..., or attempting to invite or induce, a person to enter into a contract of insurance; c) inviting or inducing, or attempting to invite or induce, a person to make a material decision; d) giving regulated advice. 2.4 In this connection, a “material decision” refers to a decision made, and “regulated...

... strategies. The Board or the designated reinsurance committee should review the reinsurance management strategy at least annually and when there are material changes to the insurer’s circumstances, its underwriting and risk management strategies or the credentials of its major reinsurers. 4.3 The insurer...

... to invite or induce, a person to enter into a contract of insurance the act of inviting or inducing, or attempting to invite or induce, a person to make a material decision the act of giving regulated advice   Under section 3A(b) of the IO, a person...

... Insurance 2. UNDERWRITING AND POLICY WORDING 2/1 2.1 Proposal and Material Facts 2/1 2.1.1 Material Facts and Risk Assessment 2.1.2 Physical and Moral Hazards 2.1.3 Proposal Forms 2.1.4 Methods of Obtaining Material Facts 2.2 Underwriting Procedures 2/8 2.2.1 Quotations 2.2.2 Proposal Forms 2.2.3 Issue of...

... Cargo Insurance 1.7.2 Hull Insurance 1.7.3 Pleasure Craft Insurance 1.7.4 Statutory Requirements for Third Party Risks Insurance 2. UNDERWRITING AND POLICY WORDING 2/1 2.1 Proposal and Material Facts 2/1 2.1.1 Material Facts and Risk Assessment 2.1.2 Physical and Moral Hazards 2.1.3 Proposal Forms 2.1.4...