...” (the UK equivalent of the American term “policyowner”) possesses against third parties, to seek to recover his payment to the policyholder. This does not apply to life insurance. If, for example, a third party negligently damages a person's car (which has a comprehensive cover), the person's motor...

... ticked if the applicant(s) fails to comply with any part of the process, including but not limited to refusal to complete any or all parts of the FNA and RPQ, or the applicant(s) wish(es) to progress the sale on an “execution only” basis. The applicant(s) must set out his/her/their reason(s) and provide...

... the details and the comments received during Phase II of the Project. Group-wide supervisory approach 29. We proposed that the IA should supervise insurers operating in Hong Kong on both a solo entity and group entity basis. 9 30. Respondents generally support the introduction of group-wide...

... of concern and compliance advice letters in order to raise awareness of the requirements and warn against such contraventions. As we move into our second year, however, and as our enforcement process gains maturity, a gradual stepping up of enforcement in relation to these requirements may be...

... Holding Entity B” and “Subsidiary C”. In order to avoid double counting, therefore, the MCR and PCR of “Subsidiary C” are not included in the GMCR and GPCR respectively by virtue of Rules 8(2)(b) and 8(3)(b) of the Group Capital Rules. The capital resources of Subsidiary C are included in the eligible...

... with interesting cases sharing 3 9 Jul 2021– 8 Jul 2022 Ms Eleanor Chung 2869 8515 -- IA-PIBA- 2021018 PIBA Claims Management Series: Advanced Motor Insurance 3 14 Jul 2021 – 15 Jul 2022 Ms Iris Hau 2116 0372 See Note 5A IA-PIBA- 2021019 PIBA Insurtech- Disruptions to the non-life market caused by...

... far, has been mainly through the issuance of letters of concern and compliance advice letters in order to raise awareness of the requirements and warn against such contraventions. As we move into our second year, however, and as our enforcement process gains maturity, a gradual stepping up of...

... product and marketing documents have been provided to the prospective applicant before fulfilment; and iv. To ensure that the sales process for the purchase of an ILAS product has been done in the correct order, with an FNA and RPQ at the heart of the process. 3 Effective date Member Companies which sell...

... each year of development 每個發展年度的已償付申索毛額 Gross Claims Paid in each year of development 在每個發展年度末的未決申索準備金毛額 Gross Outstanding Claims Provision at the end of each year of development 表 G18 申索統計數字 Table G18 Claims Statistics (百萬元) (in $million) 表 G18b 汽車直接業務（意外年度基準） Table G18b Motor Vehicle Direct Business...

... adjusters and surveyors, security consultants and installation companies, property and engineering surveyors consultants and vendors, consulting engineers and architects; 18 (c) with the written consent of that client; or (d) with court order or to comply with obligations imposed upon him by law. (E...