... 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...

... And what a difference a year makes! This time last year we were looking at disappointing results which showed that only approximately  90% of Individual Licensees in the market had met their Continuing Professional Development (“CPD”) requirements for the assessment period from 1 August 2021...

... product risks, key exclusions, 21- day cooling-off period etc. 8.4 The proper sales process flow is set out in the flowchart at the Annex. It involves completion of the FNA (if applicable), confirmation of needs, comparison of different insurance options (where FNA has been performed), and explanation of...

... Assessment Period under the new regime will expire on 31 July 2020. Under normal circumstances, individual licensees are required to report their CPD compliance no later than 2 months after the expiration of the relevant Assessment Period (i.e. by 30 September 2020). Please refer to the various tables in...

... Assessment Period under the new regime will expire on 31 July 2020. Under normal circumstances, individual licensees are required to report their CPD compliance no later than 2 months after the expiration of the relevant Assessment Period (i.e. by 30 September 2020). Please refer to the various tables in...

... the reporting period should be used for conversion purposes. 6. Except where otherwise stated, book value should be used for reporting in this return. 7. All positions are reported on a solo basis (i.e. not on a consolidated basis). 8. In addition to complying with the accounting principles generally...

... the New Regulatory Regime for Insurance Intermediaries - Information on CPD hours for the Assessment Period 2021/2022 available through Insurance Intermediaries Connect This circular provides further information on the CPD Assessment Period 2021/2022 (which runs from 1 August 2021 to 31 July 2022...

... Individual licensees must satisfy the CPD requirements set out in GL24: Guideline on Continuing Professional Development for Licensed Insurance Intermediaries (“GL24”) in each Assessment Period. Please refer to the GL24 and its Interpretation Notes for details. For ease of reference, the CPD...

... Individual licensees are required to comply with the Continuing Professional Development (“CPD”) requirements as set out in the Guideline on Continuing Professional Development for Licensed Insurance Intermediaries (“GL24”) issued by the Insurance Authority (“IA”). The first CPD Assessment Period under the...