... circumstances], the fee payable upon authorization and annually thereafter2 consists of two elements, namely, a fixed fee of $300,000 (for captive insurer, $30,000; and for composite insurer, $600,000) and a variable fee, subject to a cap of $7 million, of 0.0039% on insurance liabilities. 3. This Note...

... Relative Weight 1 12% 2 16% 3 30% 4 9% 5 5% 6 21% 7 7% Total 100% 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 ‘uncertainty concerning a...

... insurance funds and the relevant amount (i.e. solvency margin) pertaining to the insurance business written in or from Hong Kong and the estimated proportion which will be represented by each type of investment, together with a description of the company’s investment policy in relation to the Hong Kong...

... insurance funds and the relevant amount (i.e. solvency margin) pertaining to the insurance business written in or from Hong Kong and the estimated proportion which will be represented by each type of investment, together with a description of the company’s investment policy in relation to the Hong Kong...

... insurance funds and the relevant amount (i.e. solvency margin) pertaining to the insurance business written in or from Hong Kong and the estimated proportion which will be represented by each type of investment, together with a description of the company’s investment policy in relation to the Hong Kong...

... the Legislative Council (“LegCo”) in July 2020 to provide for a bespoke regulatory framework for the issuance of ILS in Hong Kong through the formulation of special purpose insurers (“SPIs”), which will be a new type of authorized insurer under the Insurance Ordinance (Cap. 41) (“the Ordinance”). 2....

... （100%） - 7 8 . 6 % 新造保單保費（單位：百萬港元） New office premiums (in million HKD) 保單類型 Types of policies 二零二零年一月至三月 Ja n – Ma r 2020 二零一九年一月至三月 Ja n – Ma r 2019 變動 Change 終身壽險 Who le L if e 2 ,610 （48.3%） 7 ,673 （60.1%） - 6 6 . 0 % 儲蓄壽險 E nd owmen t 1,422 （26.3%） 964 （7.5%） + 4 7 . 5 % 萬用壽險 Un iv er sal L if e...

... （100%） - 7 8 . 6 % 新造保單保費（單位：百萬港元） New office premiums (in million HKD) 保單類型 Types of policies 二零二零年一月至三月 Ja n – Ma r 2020 二零一九年一月至三月 Ja n – Ma r 2019 變動 Change 終身壽險 Who le L if e 2 ,610 （48.3%） 7 ,673 （60.1%） - 6 6 . 0 % 儲蓄壽險 E nd owmen t 1,422 （26.3%） 964 （7.5%） + 4 7 . 5 % 萬用壽險 Un iv er sal L if e...

... privileges with respect to such information as may be available. 6 7. Term 7.1. This Co-operation Agreement takes effect from the date of execution and will continue to have effect until terminated by either of the Authorities by the giving of at least 30 days’ written notice of termination to the other...

... effect until terminated by either of the Authorities by the giving of at least 30 days’ written notice of termination to the other Authority. 7.2. Termination of this Co-operation Agreement does not affect obligations under any Memorandum of Understanding between the two Authorities. 7.3. In the event of...