... The basic concept is fairly simple: you pay a premium (in a lump sum or by instalments) to an insurance company, which in turn, provides you with a regular annuity immediately, or after a designated period of time, or when you reach a certain age for the period specified in the contract. Since this...

..., principals are encouraged to take proactive steps to ensure that their appointed individual licensees attend CPD activities/courses evenly throughout each Assessment Period as far as possible, and do not leave a significant shortfall to be made up in the weeks leading up to the annual deadline. Principals...

..., principals are encouraged to take proactive steps to ensure that their appointed individual licensees attend CPD activities/courses evenly throughout each Assessment Period as far as possible, and do not leave a significant shortfall to be made up in the weeks leading up to the annual deadline. Principals...

...”) taken to assist individual licensees in fulfilling the CPD requirements in light of the impact of COVID- 19? A1: On 28 February 2020, the IA initially extended the CPD fulfillment deadline for the 2019/2020 CPD assessment period by 3 months to 31 October 2020 (“First CPD Fulfillment Deadline”). However...

... individual licensees in fulfilling the CPD requirements in light of the impact of COVID- 19? A1: On 28 February 2020, the IA initially extended the CPD fulfillment deadline for the 2019/2020 CPD assessment period by 3 months to 31 October 2020 (“First CPD Fulfillment Deadline”). However, in recognition of...

...”) taken to assist individual licensees in fulfilling the CPD requirements in light of the impact of COVID- 19? A1: On 28 February 2020, the IA initially extended the CPD fulfillment deadline for the 2019/2020 CPD assessment period by 3 months to 31 October 2020 (“First CPD Fulfillment Deadline”). However...

... Insurance Intermediaries – Assessment Period 2021/2022 The current CPD assessment year runs from 1 August 2021 to 31 July 2022 (“Assessment Period 2021/2022”) and is the first during which the CPD requirement has increased from 10 hours to 15 hours (with 3 of the 15 hours having to be in “Ethics or...

... representative of an insurance agency (i.e. the bank) acting on behalf of an insurer and did not explain that the savings plan was a long term insurance policy. The technical representative had further failed to deliver the policy to the policyholder within the cooling-off period, resulting in the policyholder...

... representative of an insurance agency (i.e. the bank) acting on behalf of an insurer and did not explain that the savings plan was a long term insurance policy. The technical representative had further failed to deliver the policy to the policyholder within the cooling-off period, resulting in the policyholder...