... Issue – August 2017 Page 1 Note 2.0 INSURANCE AUTHORITY Note on Annual Authorization Fee INTRODUCTION Section 13 of the Insurance Ordinance (Cap. 41) provides that every authorized insurer must pay the prescribed fees to the Insurance Authority (the “Authority”) not later than the date on which it...

... Issue – August 2017 Page 1 Note 2.0 INSURANCE AUTHORITY Note on Annual Authorization Fee INTRODUCTION Section 13 of the Insurance Ordinance (Cap. 41) provides that every authorized insurer must pay the prescribed fees to the Insurance Authority (the “Authority”) not later than the date on which it...

... April 2017 Page 1 Note on Annual Authorization Fee INSURANCE AUTHORITY Note on Annual Authorization Fee INTRODUCTION Section 13 of the Insurance Ordinance (Cap. 41) provides that every authorized insurer must pay the prescribed fees to the Insurance Authority (the “Authority”) not later than the...

... appointment as a new Non-Executive Director (NED) of the IA and the seven incumbent NEDs on their reappointments: Mr Samuel Chan Ka-yan, Professor Chan Wai-sum, Ms Chitty Cheung Fung-ting, Mr Kenneth Kwok Tsun-wa, Mr Ma Ho-fai, Mr James Wong Chien-kuo and Mr Stephen Yiu Kin-wah. Established in...

... payable upon authorization and annually thereafter consist of two elements, namely, a fixed fee of $300,000 ($30,000 for captive insurer; and $600,000 for composite insurer) and a variable fee based on insurance liabilities. 3. This Note elaborates the ascertainment of variable fee and the payment...

... Authorization and annual fees The Insurance Companies (Authorization and Annual Fees) (Amendment) Regulation 2017 has come into operation since 26 June 2017.  For details on ascertainment of variable fee and the payment requirement, please refer to the attached Note on Annual Authorization...

... America) (item 27) Jama'at al-Tawhid wa'al-Jihad (JTJ) (item 78) You should review your records carefully to see whether you have had, or currently have, accounts, transactions or dealings with the named individuals or entities. If such review reveals any suspicious accounts...

... to the IA on or before 31 May 2018. Gross Insurance Brokerage Income means gross brokerage income derived from advising on or arranging any contract which contains an element of insurance. Such income may include commission earned under the commission-based brokerage arrangement or consultancy fee...

... and Annual Fees for Designated Insurance Holding Companies) Regulation (Cap. 41N) The designation fee and an annual fee payable by a designated insurance holding company are set at a flat rate of 0.0026% of the group insurance liabilities of the DIHC, with a fee...

... Diploma in Financial Markets of the Hong Kong Securities Institute Fee Waiver for Deleting LI Registration There are a number of registrants maintaining the LI registration without actually being engaged themselves in this line of business. They may not wish to maintain such registration in view of the...