... paragraphs 6.2.1 to 6.2.5 and definition of Pillar 2 Capital amount in Glossary) 4. Preparation of the Own Risk and Solvency Assessment (“ORSA”) Report Applicable insurers are required to prepare and submit an ORSA Report to the IA. Regardless of the insurer’s mode of operations in Hong Kong (i.e. either as...

... customers have taken up the top-up option. Q2 Referring to paragraph 4.2 of the Guideline, please clarify if there is any minimum requirement to classify a product as having refundable feature. For example, does a product refunding 30% (or even smaller) of total premium paid fall into the scope? 2 A2...

... customers have taken up the top-up option. Q2 Referring to paragraph 4.2 of the Guideline, please clarify if there is any minimum requirement to classify a product as having refundable feature. For example, does a product refunding 30% (or even smaller) of total premium paid fall into the scope? 2 A2...

... product with a 30-year premium term and annual premium of HK$10,000, the total premiums expected to be paid will be HK$300,000. Assuming that the commission scale is as follows: Year Commission % Commission (HK$) 1 50% 5,000 2 20% 2,000 3 10% 1,000 4 10% 1,000 5-30 0% 0 4 (as at 22 October 2013) Total 9...

... competitiveness of the insurance industry in the global market Public education Sustainable market development of the insurance industry Insurance Authority Statutory Functions 2 . 3 Insurance Authority Corporate Strategy Policy Holder’s Protection Market Development Product Innovation 4 Societal Needs on Medical...

... associate specified under section 4 or 5. /… https://www.gld.gov.hk/egazette/pdf/20182213/es12018221314.pdf - 2 - New section 11L prohibits provision or collection, by any means, directly or indirectly of any property – (a) with the intention that the property will be used; or (b) knowing that the property...

... Layout.ai PEAK AML/CFT Programme Series 高峰進修學院打擊洗錢及恐怖分子資金籌集課程系列 Anti-Money Laundering and Counter-Terrorist Financing Ordinance and Relevant Regulatory Requirements (5 Modules) 打擊洗錢及恐怖分子資金籌集條例和相關監管要求 (5個單元) HKCAAVQ Ref. Code: 80/07/167 AML/CFT Series (4 Modules) 打擊洗錢及恐怖分子資金籌集系列 (4個單元) HKCAAVQ Ref....

... prescribed capital requirement (GPCR) and eligible group capital resources of the supervised group of the DIHC respectively in accordance with the Group Capital Rules, in particular Rules 4, 5 and 6. 2 Major acquisitions (section 95ZJ of the Ordinance) 2.1 According to section 95ZJ(1) of the Ordinance, a...

... available to the client in the Member’s capacity as an insurance broker AND in relation to Linked Long Term Insurance Business, in particular:- 4.1 Whether advice on underlying funds is to be provided or available in the said capacity, 4.2 Any regular reviews of the policy itself and/or the underlying funds...

...  Phase IV will be the implementation phase. The new RBC regime should be rolled out in phases with a sufficiently long run-in period, 2 so that insurers will have adequate time to understand the requirements thoroughly, and be able to achieve full compliance incrementally. 4. We have engaged stakeholders...