... expressed the view that it is confusing to refer to policy holders and potential policy holders as “clients” or “customers” in relation to an agent since such persons are not the clients of the agent – even if the agent is required to act in their best interests. 30. There were also comments on certain...

... Brokers’ Code. B. Interpretation Feedback received 30. There were some comments received on the terms defined in the Interpretation section of the Brokers’ Code (for example, one response took issue with the use of the word “including” in the definition of “Statutory Conduct Requirements”, which meant the...

... expressed the view that it is confusing to refer to policy holders and potential policy holders as “clients” or “customers” in relation to an agent since such persons are not the clients of the agent – even if the agent is required to act in their best interests. 30. There were also comments on certain...

... Brokers’ Code. B. Interpretation Feedback received 30. There were some comments received on the terms defined in the Interpretation section of the Brokers’ Code (for example, one response took issue with the use of the word “including” in the definition of “Statutory Conduct Requirements”, which meant the...

... importance: Chapter Relative Weight 1 12% 2 16% 3 30% 4 9% 5 5% 6 21% 7 7% Total 100% 1/1 1 RISK AND INSURANCE 1.1 CONCEPT OF RISK 1.1.1 Meaning of Risk There have been many attempts to define ‘risk’. Probably, to most of us, ‘risk’ contains a suggestion of loss or danger. We may therefore define it as...

... importance: Chapter Relative Weight 1 12% 2 16% 3 30% 4 9% 5 5% 6 21% 7 7% Total 100% 1/1 1 RISK AND INSURANCE 1.1 CONCEPT OF RISK 1.1.1 Meaning of Risk There have been many attempts to define ‘risk’. Probably, to most of us, ‘risk’ contains a suggestion of loss or danger. We may therefore define it as...

... Chapters should be studied carefully, but the following table indicates areas of particular importance: Chapter Relative Weight 1 12% 2 16% 3 30% 4 9% 5 5% 6 21% 7 7% Total 100% 1/1 1 RISK AND INSURANCE 1.1 CONCEPT OF RISK 1.1.1 Meaning of Risk There have been many attempts to define ‘risk’. Probably, to...

... insurer, not being a pure reinsurer, who applies for authorization to carry on general insurance business, the business plan should also demonstrate how it will be able to comply with the local asset requirement pursuant to section 25A of the ICO. 30. For a long term business insurer, it will have to...

... insurer, not being a pure reinsurer, who applies for authorization to carry on general insurance business, the business plan should also demonstrate how it will be able to comply with the local asset requirement pursuant to section 25A of the ICO. 30. For a long term business insurer, it will have to...

... CODE OF CONDUCT FOR LICENSED INSURANCE AGENTS 持牌保險代理人操守守則 First Edition September 2019 September 2019 Page 2 First Edition September 2019 Published by Insurance Authority 19th Floor, 41 Heung Yip Road Wong Chuk Hang, Hong Kong Tel: (852) 3899 9983 Fax: (852) 3899 9993 E-mail: [email protected] Webs...