... more of these insurers, would be able to offer a choice of products in the same business line for a client’s consideration. This indicates that there may not be a need to increase the cap in order for insurance agents to be able to offer a sufficient range of general insurance products. 15. An analysis...

... Director Market Conduct Division Insurance Authority Encl. c.c. Chairman, The Hong Kong Federation of Insurers [aml_tec-6-45_CE_20180531/ih] - 1 - Annex Summary of Key Inspection Findings 1) Senior management oversight a) Compliance review and resources In order to discharge their oversight function...

... assume that all premiums are paid in full when due. You should refer to your intermediary or the company for more information or, if appropriate, a more detailed proposal. [optional] (ii) The amount of total premium(s) may differ slightly from the total of the premiums payable in the policy due to...

... 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...

... 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...

... continuing to support the provision of the IIQE through in-house facilities arranged by authorized insurers. On the previous occasion when the VTC had to decrease its on-campus IIQE seating capacity due to COVID-19, the “in-house” solution served as a robust contingency arrangement to ensure the IIQE...

... certificates were submitted. The former agent has been prohibited from applying to be licensed for 3 years. The former agent admitted using the false academic transcript in 2015 in support of his applications to be registered with the Insurance Agents Registration Board (IARB) as an insurance agent...

... Commissioner of Insurance to introduce the following vetting procedures to prevent use of forged academic certificates issued by mainland education institutes for registration as insurance intermediaries. The additional requirements are: Where an academic certificate provided by the applicant in support of his...

... behalf of and provided financial, material and logistical support to Al-Qaida (QDe.004) and the Libyan Islamic Fighting Group (LIFG) (QDe.011). Arrested in the United Arab Emirates (UAE) in Jan. 2007 on charges of being a member of Al-Qaida and the LIFG. Following his conviction in the UAE in late 2007...

... Administration 4/4 4.7 Claims 4/5 4.8 Reinsurance 4/6 4.9 Actuarial Support 4/7 4.10 Accounting and Investment 4/8 4.11 Training and Development 4/8 5. STRUCTURE OF HONG KONG INSURANCE INDUSTRY 5/1 5.1 Types of Insurance Business 5/1 5.1.1 Statutory Classification of Insurance 5.1.2 Practical Classification of...