... 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...

...% Claims 18% Conduct 28% Business or Operations 21% Services 15% Insurance Intermediary against Insurer 1% Others 1% Total: 1304 Representation of Information 17% Claims 17% Conduct 27% Business or Operations 19% Services 16% Insurance Intermediary against Insurer 3% Others 1% Total: 1434 Complaint...

... 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...

... (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...

...”) Requirements – CPD Compliance Reporting Procedures for Assessment Periods 2019/20 and 2020/21 As you will know from our circulars dated 12 June 2020 and 30 September 2020, the Insurance Authority (“IA”) has merged the CPD assessment period for 23 September 2019 to 31 July 2020 (“the First Assessment Period...

... Ordinance 要求保監局認可本條例第25C(1)條所指的、附於信用狀或其他銀行承諾的條款及條件 5,000 20 Section 128(1)(a)(ii) 第128(1)(a)(ii)條 For each application to the Authority for approval of a transfer under section 25D(1) of the Ordinance 向保監局申請認可本條例第25D(1)條所指的轉讓，以每項申請計 300,000 21 Section 128(1)(a)(ii) 第128(1)(a)(ii)條 For requesting the...

... (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...

...”) Requirements – CPD Compliance Reporting Procedures for Assessment Periods 2019/20 and 2020/21 As you will know from our circulars dated 12 June 2020 and 30 September 2020, the Insurance Authority (“IA”) has merged the CPD assessment period for 23 September 2019 to 31 July 2020 (“the First Assessment Period...