... for the Office of the Commissioner of Insurance (“OCI”). We worked in full swing for the institutional change towards the new regulatory regime underpinned by the independent Insurance Authority (“IIA”). In particular, we worked closely with the Provisional Insurance Authority under the chairmanship...

... to, but distinct from, the issue of agency relationship. Where a certain act done by A purportedly on behalf of B will be binding on B, A is said to have B’s authority to do it; but that does not necessarily mean that there is an agency relationship, or a full agency relationship, between them, which...

... relationship, or a full agency relationship, between them, which will, for instance, entitle A to reimbursement by B of expenses incurred on behalf of B. The various types of authority that an agent may have are considered below: (a) Actual authority: The authority of an agent may be actual where it results...

... the Hong Kong Special Administrative Region Disclaimer  This presentation provides a general overview of the Guideline on Anti-Money Laundering and Counter-Terrorist Financing. It does not cover all requirements applicable to insurance institutions. It should be read in conjunction with the full...

... Financing. It does not cover all requirements applicable to insurance institutions. It should be read in conjunction with the full details of the Guideline. Insurance institutions should seek their own professional legal advice in ensuring their compliance with the Guideline and the Anti-Money Laundering and...

... the Hong Kong Special Administrative Region Disclaimer  This presentation provides a general overview of the Guideline on Anti-Money Laundering and Counter-Terrorist Financing. It does not cover all requirements applicable to insurance institutions. It should be read in conjunction with the full...

... Financing. It does not cover all requirements applicable to insurance institutions. It should be read in conjunction with the full details of the Guideline. Insurance institutions should seek their own professional legal advice in ensuring their compliance with the Guideline and the Anti-Money Laundering and...

... the Hong Kong Special Administrative Region Disclaimer  This presentation provides a general overview of the Guideline on Anti-Money Laundering and Counter-Terrorist Financing. It does not cover all requirements applicable to insurance institutions. It should be read in conjunction with the full...

... Financing. It does not cover all requirements applicable to insurance institutions. It should be read in conjunction with the full details of the Guideline. Insurance institutions should seek their own professional legal advice in ensuring their compliance with the Guideline and the Anti-Money Laundering and...

... culture. 1.3 ERM for solvency purposes is the coordination of risk management, strategic planning, capital adequacy, and financial efficiency in order to enhance sound operation of the authorized insurer and ensure the adequate protection of policy holders. An authorized insurer embeds an integrated set of...