... Licensed insurance intermediaries are required to comply with the statutory conduct requirements set out in sections 90, 91 and 92 (where applicable) of the IO and the relevant requirements set out in the codes of conduct issued under the IO.  The IA has issued two separate codes of conduct, namely...

... out a set of temporary facilitative measures, which will last until 30 April 2023. Insurers and intermediaries may dispense with the need to conduct a Financial Needs Analysis in the selling process of a Qualifying Deferred Annuity Policy (QDAP), provided that they have duly performed...

... same Enterprise Risk Management (“ERM”) processes and procedures as set out in the Guideline. It provides flexibility for an insurer to design the ERM framework to accord with its own specific circumstances. An insurer is however expected to be able to demonstrate to the IA’s satisfaction how the...

..., Participation in the First Quantitative Impact Study (QIS 1) for the Development of the Risk-based Capital (RBC) Regime I write to enlist your support in participating in QIS 1 and submission of data as set out in the enclosed templates. Following the Consultation Conclusions on the RBC framework1 issued in...

... prudential regulations, we have set out to enhance on the corporate governance of insurers and laid the groundwork for the introduction of a Risk- based Capital Regime to strengthen the regulatory infrastructure. We are also working closely with the Government to set up a Policy Holders’ Protection Scheme...

... prudential regulations, we have set out to enhance on the corporate governance of insurers and laid the groundwork for the introduction of a Risk- based Capital Regime to strengthen the regulatory infrastructure. We are also working closely with the Government to set up a Policy Holders’ Protection Scheme...

... by 3 Months Individual licensees are required to comply with the Continuing Professional Development (“CPD”) requirements as set out in the Guideline on Continuing Professional Development for Licensed Insurance Intermediaries (“GL24”) issued by the Insurance Authority (“IA”). The first CPD...

... by 3 Months Individual licensees are required to comply with the Continuing Professional Development (“CPD”) requirements as set out in the Guideline on Continuing Professional Development for Licensed Insurance Intermediaries (“GL24”) issued by the Insurance Authority (“IA”). The first CPD...

... insurance policies with single or annualised premiums at or above $100,000, policy holders will pay only $403 at most per policy year. For general insurance policies with annual premiums at or above $5 million, the cap will be $2,000 per policy year. Details of the levy rates and caps are set out...