... that the Insurance Company is not responsible for the advice given by the insurance broker. To facilitate this differentiation, a specific set of Important Facts Statement must be prepared for this purpose and must be used for business introduced from this type of intermediary. 4.6 Post-sale Controls...

... reaffirming his/her intention to fund the purchase of the new life insurance policy by making changes on the existing life insurance policy and informing him/her of the corresponding disadvantages. Q21 Paragraphs 7.2 and 7.3 of the Guideline specify that authorized insurers should implement processes for...

... reaffirming his/her intention to fund the purchase of the new life insurance policy by making changes on the existing life insurance policy and informing him/her of the corresponding disadvantages. Q21 Paragraphs 7.2 and 7.3 of the Guideline specify that authorized insurers should implement processes for...

... majority of respondents agreed that disclosure is an appropriate mechanism to manage potential conflicts of interest. There were questions, however, on the amount of disclosure indicated under General Principle 7 and clarification was requested on the manner, type and level of disclosure required to be...

... majority of respondents agreed that disclosure is an appropriate mechanism to manage potential conflicts of interest. There were questions, however, on the amount of disclosure indicated under General Principle 7 and clarification was requested on the manner, type and level of disclosure required to be...

... (QIS2) in the second half of this year. We aim to implement the new ERM Guideline and finalise the detailed RBC rules in 2020, introduce legislative amendments in 2020-21, and implement the rules gradually from 2021-22 onwards. While the industry is busy preparing for the RBC regime, the implementation...