... 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...

..., certificate, statement or report relates. April 2021 / Note on Authorization and Annual Fees v.2.1 Page 3 Class of Insurance Carried on by Insurer Variable Fee Cap Fixed Fee Maximum Fees Payable HK$ (a) HK$ (b) HK$ (c) = (a) + (b) General Business 7,000,000 300,000 7,300,000 Long Term Business 7,000,000 300...

... circumstances], the fee payable upon authorization and annually thereafter2 consists of two elements, namely, a fixed fee of $300,000 (for captive insurer, $30,000; and for composite insurer, $600,000) and a variable fee, subject to a cap of $7 million, of 0.0039% on insurance liabilities. 3. This Note...

...;building structure” under the fire insurance policy. It turned out that Mrs. Chan had replaced the window with a new one when she renovated her flat two years earlier, so the window was considered to be an “interior decoration”. Mrs. Chan had not purchased any home insurance, so the cost...

... 表L2 個人人壽業務 Table L2 Individual Life Business 可分紅 With-Profits 不分紅 Without-Profits 保險種類 Type of Insurance 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 終身 Whole Life 4,463,272 4,764,283 5,143,243 5,985,103 6,477,049 566,647 657,033 783,166 560,718 554,559 儲蓄 Endowment 896,938 788,893 721,932...

... 表L2 個人人壽業務 Table L2 Individual Life Business 可分紅 With-Profits 不分紅 Without-Profits 保險種類 Type of Insurance 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 終身 Whole Life 4,764,283 5,143,243 5,985,103 6,477,049 7,118,397 657,033 783,166 560,718 554,559 599,993 儲蓄 Endowment 788,893 721,932 773,857...

... 表L2 個人人壽業務 Table L2 Individual Life Business 可分紅 With-Profits 不分紅 Without-Profits 保險種類 Type of Insurance 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 終身 Whole Life 5,143,243 5,985,103 6,477,049 7,118,397 7,637,308 783,166 560,718 554,559 599,993 614,337 儲蓄 Endowment 721,932 773,857 688,077...

... application (It may take 5 to 20 working days, fee is required) (ii) Paper application submitted through local agencies (It may take around 2 months, fee is required) 5. After obtaining a verification report issued by CHESICC, authenticity of certificate can be verified online by inputting of verification...

... procedures, that when more than one type of Long Term Insurance products, or a hybrid of different types, are available to meet clients’ specific needs and financial circumstances, Members should not confine the options to a single type of products or to products of a single provider. - 2 - 8. Only in cases...