... existing illustration document templates for soliciting new policies provided that the policies are issued prior to the expiry of the Transitional Period. New 5 insurers authorized on or after the Effective Date are less likely to have those legacy issues and hence they are generally expected to use the...

... the extent permitted by law even after withdrawal from this Memorandum under paragraph 30 below. VI. Consultations and Waiver 27. The Authorities will keep the operation of this Memorandum under continuous review and consult with a view to improving its operation and resolving any matters. In...

... Authority pursuant to this Memorandum, regardless of whether such information is marked, labelled or specified as “confidential” or “secret”, but excludes information that (i) is already in the public domain at the time of disclosure to the receiving Authority; or (ii) has become public after disclosure to...

... Private Cars, the underwriting performance for Comprehensive cover showed a turnaround with a combined ratio of 98.3% and a profit of HK$10 million in 20203, after three consecutive years of losses. However, Third Party cover experienced adverse claims development with the combined ratio escalating from...

... existing illustration document templates for soliciting new policies provided that the policies are issued prior to the expiry of the Transitional Period. New 5 insurers authorized on or after the Effective Date are less likely to have those legacy issues and hence they are generally expected to use the...