...? Feedback received 30. A majority of respondents supported the proposed client account reconciliation requirements although some respondents considered it more appropriate to perform such reconciliation on a quarterly basis or as and when appropriate/necessary. Those objecting to the reconciliation...

...? Feedback received 30. A majority of respondents supported the proposed client account reconciliation requirements although some respondents considered it more appropriate to perform such reconciliation on a quarterly basis or as and when appropriate/necessary. Those objecting to the reconciliation...

...? Feedback received 30. A majority of respondents supported the proposed client account reconciliation requirements although some respondents considered it more appropriate to perform such reconciliation on a quarterly basis or as and when appropriate/necessary. Those objecting to the reconciliation...

... the proposer to declare (or warrant) that all information supplied, whether relating to ‘material’ matters or not, is totally (not simply substantially) true. For example, where a proposer for medical insurance enters ‘30’ as his current age on the proposal form when he is aged 31, this is a technical...

... included from the calculation. [For whole-life premium payment policies] As this policy involves whole-life premium payment, a 30- year period has been adopted for calculating both the total premiums and the total remuneration. [For policies sold through bank] In this statement, “bank” refers to a licensed...

... totally (not simply substantially) true. For example, where a proposer for medical insurance enters ‘30’ as his current age on the proposal form when he is aged 31, this is a technical breach of the above kind of warranty, if any, although this inaccuracy is unlikely to be material in the eyes of the...

... required data is recorded in the required format for bulk upload processing. The required data can be prepared with reference to the XML schema, which can be downloaded from the link “XML Schema for account”. A sample XML file “Sample XML for accounts” is also available as reference. 30 (2) From Type of...

... Complaints Panel's attention was drawn to the medical reports of two different hospitals indicating that the deceased had a habit of taking several cans of beer daily for 30 years and was convinced that the deceased was a chronic drinker. Since this piece of non-disclosed information would be material enough...

... Consultation Paper on a Risk-based Capital Framework for the Insurance Industry of Hong Kong Consultation Paper on a Risk-based Capital Framework for the Insurance Industry of Hong Kong     2 FOREWORD 1 This paper is published by the Insurance Authority (IA) to consult interested parties on the pro...

... insurer, not being a pure reinsurer, who applies for authorization to carry on general insurance business, the business plan should also demonstrate how it will be able to comply with the local asset requirement pursuant to section 25A of the ICO. 30. For a long term business insurer, it will have to...