... Meeting of the Future Task Force Working Group on Promoting Positive Image of Insurance Industry “Building a Positive Image by Reinforcing Trust through Good Conduct and Ethical Practices” Virtual Meeting on 16 December 2020 Time Programme 3:00 pm Welcome remarks  Dr Moses Cheng, Chairman...

... individual who is granted a licence under section 64Y of the IO to carry on regulated activities in one or more lines of business, as an agent of any licensed insurance agency. Responsible Officer Under section 64ZE of the IO, a licensed insurance agency should appoint a fit and...

... Microsoft Word - Disciplinary Fining Guidelines _English_.doc GL3A GUIDELINE ON EXERCISING POWER TO IMPOSE PECUNIARY PENALTY IN RESPECT OF ANTI-MONEY LAUNDERING AND COUNTER- TERRORIST FINANCING (For authorized insurers and reinsurers carrying on long term business, and licensed individual...

... Microsoft Word - Disciplinary Fining Guidelines _English_.doc GL3A GUIDELINE ON EXERCISING POWER TO IMPOSE PECUNIARY PENALTY IN RESPECT OF ANTI-MONEY LAUNDERING AND COUNTER- TERRORIST FINANCING (For authorized insurers and reinsurers carrying on long term business, and licensed individual...

... Microsoft Word - Disciplinary Fining Guidelines _English_.doc GL3A GUIDELINE ON EXERCISING POWER TO IMPOSE PECUNIARY PENALTY IN RESPECT OF ANTI-MONEY LAUNDERING AND COUNTER- TERRORIST FINANCING (For authorized insurers and reinsurers carrying on long term business, and licensed individual...

... GL16 GUIDELINE ON UNDERWRITING LONG TERM INSURANCE BUSINESS (OTHER THAN CLASS C BUSINESS) Insurance Authority Contents Page 1. Introduction………………………………………………. 1 2. Relevant Regulatory Documents…………………………. 1 3. Purpose…………………………………………………… 2 4. Duties of the Board of Directors, the Controller and...

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... Insurance Authority and the Securities and Futures Commission sign new Memorandum of Understanding 28 September 2020 The Insurance Authority (IA) and the Securities and Futures Commission (SFC) announced today (28 September 2020) that they have...

... Individual Life and Annuity (Linked) business (increased by 59.2%), as well as $23.9 billion from Retirement Scheme business (decreased by 8.4%). On the other hand, new office premiums (excluding Retirement Scheme business) of long term business were $80.5 billion (increased by 22.9%), made up of...

... GL 25 GUIDELINE ON OFFERING OF GIFTS Insurance Authority Contents Page 1. Introduction………………………………………………. 1 2. Interpretation…………………………………...………… 1 3. Relevant Regulatory Documents and Status of this Guideline…………………………………………………. 2 4. Scope of Application……………………………………... 3 5. Restriction on...