... 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...

... and Continuing Professional Development Programme Information Sheet to reflect the upgrade of the Investment-linked Long Term Insurance Examination. For details, please browse both documents available at OCI’s website (http://www.oci.gov.hk). Effective from 1 March 2010, all new insurance...

... 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...

... requirements. ASCERTAINMENT OF VARIABLE FEE Interpretation of “Insurance Liabilities” 4. The term “insurance liabilities” under section 1A of the Regulation refers to that provided by authorized insurers in the accounts and statements in compliance with Schedule 3 to Cap. 41. April 2021 / Note on Authorization...

... Fee. Designation and annual fees The Insurance (Designation and Annual Fees for Designated Insurance Holding Companies) Regulation (Cap 41N) has come into operation since 29 March 2021. Under the section 95F(1) of the Insurance Ordinance (Cap. 41) (“IO&rdquo...

...) Certificate of degree (No application is required for degree certificates issued from 1 Sep 2008 onwards.) 4. Application for verification must be made by the applicant through online application (It may take 18 to 30 working days, fee is required) 5. After obtaining a verification report issued by CDGDC...

... brokerage income. Other Expense means expense paid by an insurance broker other than brokerage commission & fee expense. Basic Particulars (1.1) Name of Insurance Broker ("your Company"): (1.2) Is your Company a member of Yes / No Membership number (a) The Hong Kong Confederation of Insurance Brokers ("CIB...

... Understanding Home Insurance Common cases Case 1: Broken window caused by a typhoon Mrs. Chan’s window was damaged by strong wind during a typhoon signal no. 8. Mrs. Chan is the property owner and purchased fire insurance when she...

... payable subject to a floor of HK$10 million and a ceiling of HK$60 million. Pro-rata calculation of the amount of the designation fee where the date of designation of the designated insurance holding company is not 1 April is also provided. The Regulation comes into operation on 29 March 2021....