... out in the aforesaid circular and further amendments made during the Bills Committee stage which are available on the Legislative Council’s website (https://www.legco.gov.hk/yr17- 18/english/counmtg/papers/cm20180124cb3-273-e.pdf). Should you have any enquiries on the above, please contact Mr Steven...

... Eligible capital resources Holding Entity A a 0 0 CRa(A) Entity B b 100 75 200 150 250 200 Financial statement of “Holding Entity A” Assets Liabilities and Equities Investment in subsidiary (Entity B) 100 Total liabilities 200 Financial assets 250 Share capital 50 Intangible assets 50 Retained earnings 150...

... Premium x Levy Rate Maximum Levy Levy Payable Remark HKD % HKD HKD HKD Jan 2022 60,000 0.100 60.00 100 60.00 Maximum levy reached Jul 2022 60,000 0.100 60.00 40 40.00 Total 120,000 100.00 Payment Date Premium Applicable Levy Rate Premium x Levy Rate Maximum Levy Levy Payable Remark HKD % HKD HKD HKD Jan...

... 100,000 0.040 40.00 1,680 40.00 1.5.2019 100,000 0.040 40.00 1,640 40.00 1.6.2019 100,000 0.040 40.00 1,600 40.00 1.7.2019 100,000 0.040 40.00 1,560 40.00 Total 1,200,000 480.00 Case II: General business policy Annual premium of $5,400,000 payable quarterly at HKD 1,350,000 Inception anniversary date...

... 100,000 0.040 40.00 1,680 40.00 1.5.2019 100,000 0.040 40.00 1,640 40.00 1.6.2019 100,000 0.040 40.00 1,600 40.00 1.7.2019 100,000 0.040 40.00 1,560 40.00 Total 1,200,000 480.00 Case II: General business policy Annual premium of $5,400,000 payable quarterly at HKD 1,350,000 Inception anniversary date...

... Overview statistics cover insurers whose financial year ended between 1 January 2019 and 31 December 2019. 2 Figure 1 Office Premiums for Total In-Force Long Term Business Figure 2 In-Force Individual Life Policies 328,145.2 406,204.0 440,914.7 461,436.9 511,452.3 0 50,000 100,000 150,000 200,000 250,000...

... 3-year endowment policy with guaranteed return In this example, the policy holder is required to pay HK$1 million premium in a lump sum when buying the policy and will receive a total of HK$1.1 million in return upon policy maturity at the end of the third policy year. The profit or loss upon...

... and cleared by the Central Moneymarkets Unit operated by the Hong Kong Monetary Authority. Sum of Grants The grant covers the upfront costs of an eligible ILS issuance. The sum of grant for each issuance is the lesser of HK$12 million or 100% of total upfront costs incurred if maturity of the ILS...

... available for investment will be lower than your premiums paid. The upfront charge is calculated as follows: Upfront Charge = Premiums received X Upfront Charge % Policy year Upfront charge % % of premium received available for investment after upfront charge 1 A% (100 – A)% 2 B% (100 – B)% 3 C% (100 – C...