... E-mail: [email protected] By Fax & By Email Ref : Mv126/15 To : Authorized Representatives of Life Insurance Members (“LIMs”) cc : Ms Carol Hui, Assistant Commissioner of Insurance From : Stuart Harrison, Chairman of Professional Standards Working Group, Life Insurance Council (“LIC”) Date : 13 November...

... exchange rate risk) should be clearly disclosed to potential policyholders in the Product Brochure (“PB”). Exchange rates should be adopted in a consistent manner, by following the rates published on the website of the Inland Revenue Department (“IRD”). (6) No lapse gain: As far as possible, surrender...

... Amendments to the Guideline on Anti-Money Laundering and Counter-Terrorist Financing 19 October 2018 Our Ref: INS/TEC/6/45 To : Chief Executives of all authorized insurers carrying on long term business Dear Sirs, Amendments to the Guideline on Anti-Money Laundering and Counter-Terrorist Financing...

... Update on employees’ compensation policies issued by the Target Insurance Company Limited 15 December 2023 The Target Insurance Company Limited (Target) was ordered on 26 September 2022 by the High Court to be wound up under the Companies...

... Age or Sex ix. Assignment x. Dividend Options xi. Settlement Options xii. Suicide Exclusion P 3 of 3 V. Life Insurance Procedures i. Company Operation A. Typical Company Operational Structure ii. Application A. Application Procedure B. Receipts and Policy Effectiveness C. Client Service - Policies and...

... viii. Misstatement of Age or Sex ix. Assignment x. Dividend Options xi. Settlement Options xii. Suicide Exclusion P 3 of 4 V. Life Insurance Procedures i. Company Operation A. Typical Company Operational Structure ii. Application A. Application Procedure B. Receipts and Policy Effectiveness C. Client...