... confidence in insurance industry During a 3-year transitional period (i.e. 23 September 2019 – 22 September 2022) . An insurance intermediary validly registered with a SRO* immediately before the commencement of the new regime is deemed to be a licensed insurance intermediary under the new regime (“deemed...

... intermediaries wishing to be engaged in the Long term (including Linked Long Term) Insurance Intermediary Business will be required to pass, among others, the enhanced version of the Investment-linked Long Term Insurance Examination Paper, unless otherwise exempted. A transitional arrangement for the period from...

... relating to the 12 months immediately preceding the date of commencement of the PII policy. Compliance audit in this regard has been carried out in two ways: (1) the annual audit conducted by Members’ own auditors and their reporting to CIB within the six-month period after each Member’s financial year end...

... writing within a certain period (say a month)  Similar arrangement can be used for deduction of levy:  Adding levy to the amount of APL - Automatic Policy Loan  Deduct outstanding levy from benefit payment on Claim, Maturity or Surrender  Levy is what the policy holder owes the IA and not the insurer....

... for the first half of 2020, indicating a growth of total gross premiums by 6% to $313.7 billion over the corresponding period in 2019. (Percentage changes in brackets represent changes over the same period last year) Long term business Total revenue premiums of...

... reacted by delicately balancing business facilitation with structural reforms. some prime examples are phased introduction of the temporary facilitative measures for non-face-to-face selling of designated insurance products with compensating disclosure requirements and an extended cooling-off period...

... reacted by delicately balancing business facilitation with structural reforms. some prime examples are phased introduction of the temporary facilitative measures for non-face-to-face selling of designated insurance products with compensating disclosure requirements and an extended cooling-off period...

... first quarter of 2020, indicating a growth of total gross premiums by 10.9% to $165 billion over the corresponding period in 2019. (Percentage changes in brackets represent changes over the corresponding period of last year) Long term business Total revenue premiums...

... left unoccupied and vacant (e.g. the policyholder is away from home for a long period of time or a property is left unoccupied for renovation) more than 30 consecutive days. The number of days of the unoccupancy period is subject to the terms of the specific policy. Some home insurance...