... requirement is liable to a fine of HK$200,000 (plus HK$2,000 for each day on which the offence continues) and, in the case of an individual, to imprisonment for two years. Commentary – Authorized insurers should revisit their present compliance and internal control systems and enhance awareness of this...

... 240,637 191,050 59,104 36,099 163,019 138,411 131,014 69 30,393 (6,525) 894,231 860,458 459,023 429,210 410,484 211,054 201,919 288,656 0 16,995 (257,112) 25,338 10,745 9,905 9,869 2,501 20,111 10,038 6,818 0 464 122 180,257 129,733 110,800 30,839 17,332 40,139 30,114 112,033 (3) 10,657 (29,219) 200...

...”, “Entity C”, and “Entity D”. 6 d) Numerical Example (please refer to section (c) for the relevant formulae) Supervised group member Jurisdiction of incorporation MCR PCR Eligible capital resources Entity A a 50 70 100 Entity B b 100 150 200 Entity C c 180 220 300 Entity D d 1 2 10 Notes: (1) Assume that...

... Qualifying Deferred Annuity Policies were issued that attracted $2.2 billion in terms of premiums, representing 2.7% of the total for individual businesses. New business derived from Mainland visitors shrank from $6.2 billion in the first half of 2020 to around $200 million in the corresponding...

... Management Expenses Underwriting Profit/(Loss) 9,420,404 7,483,516 6,310,671 1,200,600 781,181 5,317,184 4,250,751 4,453,469 2,638 933,684 139,699 3,365,531 2,897,159 2,687,349 1,143,818 984,131 1,690,354 1,405,710 1,684,215 (14,293) 309,036 (275,740) 84,782 21,947 19,640 13,305 3,400 46,302 14,611 10,660...

...,610 (30,084) 8,687 公共小型巴士 Public Light Buses 綠色 Green 綜合 Comprehensive 14,571 12,910 9,981 805 712 3,015 2,555 9,248 181 1,653 (1,813) 200,332 298 第三者 Third Party 73,066 63,774 61,762 4,138 3,436 42,774 38,887 41,186 (310) 7,307 10,143 2,284 紅色 Red 綜合 Comprehensive 7,238 6,688 4,523 369 359 1,962 1...

... Implementation of the New Regime • Issue of a set of Rules, Codes and Guidelines – Have conducted industry consultation on key proposals – Are preparing and refining draft instruments – Have kick-started public consultation exercise • Computerization and Data Transfer – Have completed system design and started...

... design, implementation and effectiveness of related cybersecurity programs. It may establish a designated management team to oversee and implement cybersecurity measures and controls. The designated management team should consist of members with the appropriate skills and knowledge to understand and...