... Notes on Application for Insurance Intermediary Licence Individual Insurance Agent/Technical Representative (Agent)/Technical Representative (Broker) 1 These Notes aim to provide guidance on matters relating to an application to become a Licensed Individual Insurance Agent, Licensed Technical...

... policy of the “Linked long term” class as defined in Part 2 of Schedule 1 to the Ordinance, other than a policy of which the predominant purpose is life assurance and not investment. 1.3 “M&A” means the Memorandum and Articles of Association of PIBA (as amended from time to time). 1.4 “Member” shall have...

... Pros and cons of using premium financing Premium financing is a wealth and liquidity management tool that, in an ideal scenario, can bring various benefits to the policy holders. For example, policy holders can, through the use of leveraging and borrowing...

...: (a) Section 4A of the Ordinance stipulates that the Insurance Authority (“IA”)’s function is to protect existing and potential policyholders. Section 4A(2)(c) states that the IA shall promote and encourage the adoption of proper standards of conduct, and sound and prudent business practices by...

... Collection of premium levy to take effect on 1 January 2018 22 September 2017 From 1 January 2018, the Insurance Authority (IA) will start collecting a premium levy from policy holders in accordance with the law1. The levy rate will start at 0.04...

...;Striving for Enhanced Global Financial Stability and Resilience”. We have incorporated a taste of the Orient – bamboo – into our visual design. Known for its evergreen nature, and unique blend of flexibility and strength, bamboo represents humility, resilience and resourcefulness. It...