... impact studies in the period leading up to the effective date of HKFRS 17. Our insurance regulator is therefore concerned that this would put Hong Kong insurers, particularly the smaller insurers in the non-life insurance sector, under substantial strain, as they would be required to implement new...

... – 70) and who is driving the insured car at the time of accident. (v) NCD protection: If the total claim amount for a period of insurance is below a prescribed level, the claims concerned will be disregarded for the purposes of determining the NCD for the year that follows. But the protected NCD may...

... Individual Licence Application (if the proposed Responsible Officer has not applied to the IA for a formal licence) ; 4. Resume of the proposed Responsible Officer regarding his/her insurance and management experience (including the period, name of employer, nature of business, job title, and number of staff...

... Individual Licence Application (if the proposed Responsible Officer has not applied to the IA for a formal licence) ; 4. Resume of the proposed Responsible Officer regarding his/her insurance and management experience (including the period, name of employer, nature of business, job title, and number of staff...

... to newly licensed insurance broker companies. In relation to existing insurance brokers, the IA proposes to provide a transitional period of some three years to ensure they have sufficient time to raise their paid-up capital and net assets, and to arrange the PII. Detailed transitional arrangements...

... places to carry out equivalence assessment on the solvency regulatory regimes. Both sides agreed to recognize temporarily the insurance solvency regulatory regime of each other as the same or similar to that of another during the four-year transitional period before the completion of the equivalence...

... Selection Made Easy guides users on their QDAP selection journey by having them answer five designated questions on the current age, preferred policy currency, duration of premium payment period, annuity commencement age and duration of annuity payment options. Based on the information they provide, users...

... Individual Licence Application (if the proposed Responsible Officer has not applied to the IA for a formal licence) ; 4. Resume of the proposed Responsible Officer regarding his/her insurance and management experience (including the period, name of employer, nature of business, job title, and number of staff...

... Insurance (Prescribed Fees) (Amendment) Regulation 2019 (“Amendment Regulation”) (Annex) was gazetted on 29 March 2019 and tabled before the Legislative Council for negative vetting on 3 April 2019. The Amendment Regulation has been passed recently upon expiry of the negative vetting period. IA would start...

... experience requirements: (1) They have proven long term insurance experience in Hong Kong for a cumulative period of at least seven years wi th in the eight-year per iod immediately before 1 January 2002; and (2) They have proven experience in Hong Kong in sel l ing at least 4 investment-linked long term...