... place in Abu Dhabi last week. In summary, agreement has been reached on the Common Framework that serves as an effective tool for consistent supervision of Internationally Active Insurance Groups (“IAIGs”), commencement of a five-year monitoring period for the Insurance Capital Standard that aims at...

...) a description of the risks covered; (d) details on retention level and cover limit; (e) effective period of the contract; (f) the name of the proposed reinsurer and the credit assessment of the proposed reinsurer carried out by the insurer; (g) draft contract wording and any other documentation or...

... timing of receipts and payments, and this variance would be more apparent if the premium financing arrangement lasts for a longer period. If the promotional materials you received include a description of the rate of return using premium financing, you should pay extra attention to the calculation...

... Format ©Hong Kong Police Force香港警務處版權所有 Joint Financial Intelligence Unit (3) Transactions • Reviewing period • Previous transaction/trade pattern (sudden change?) • Total transaction/trade amount • Suspicious transactions/trades (not simply large transaction no. / amount) • Suspicious patterns 24...

... of CIB 3 Mr. Rath, Bhabani Sankar, Immediate Past Chairman of CIB 4 Mr. Adrian King, Honorary Secretary of CIB 2 the cap on e-CPD hours from five to seven for each period, pioneering the temporary facilitative measures so that designated insurance products could be transacted remotely, and enabling...

... requirements for insurance brokers (Rule on Minimum Requirements for Insurance Brokers) • For insurance agencies and broker companies - Responsible officer with sufficient authority and resources • Normally 3-year licence period (renewal) 13 Licensing Requirements Fit & Proper • Major fit and proper criteria...

... compliance requirements subject to compensatory measures like enhanced upfront information disclosure and a longer cooling- off period. Up to the end of October, 20, 800 policies have been issued through TFMs, producing $320 million of annualized new premiums. According to the data collected so far, the...

... subject to compensatory measures like enhanced upfront information disclosure and a longer cooling- off period. Up to the end of October, 20, 800 policies have been issued through TFMs, producing $320 million of annualized new premiums. According to the data collected so far, the customers taking...

... for the period concerned. For the avoidance of doubt, the assets and liabilities of the insurer so reported shall be determined in accordance with section 8(4) of the Ordinance. 4.4. On the other hand, the “Hong Kong Net Assets Amount” means the amount of assets maintained in Hong Kong pursuant to...

... requirements for insurance brokers (Rule on Minimum Requirements for Insurance Brokers) • For insurance agencies and broker companies - Responsible officer with sufficient authority and resources • Normally 3-year licence period (renewal) 13 Licensing Requirements Fit & Proper • Major fit and proper criteria...