... record-keeping period from “six years” to “at least five years”. 10 Local Legislative Development – Companies (Amendment) Ordinance 2018  Implemented on 1 March 2018  To require companies incorporated in Hong Kong:  To take reasonable steps to ascertain the individuals who (and where applicable the legal...

...,000 The total commission to be paid during the 30 years period is HK$9,000. The commission is therefore 3% of the total premium (HK$300,000) expected to be paid over the 30-year premium term. In case that the remuneration is calculated as % of account value, i.e. trailer fee structure, such trailer...

... the lock-up period, and if applicable the downside implications, and when ILAS policies are involved also with the fees and charges and the investment risks. 15. When insurance products of providers not authorized in Hong Kong are included in the recommendation, the Members should give the rationales...

... principal for any loss of the profit expected from performing the agreement during the remainder period. (d) Death: Because an agency relationship is a personal one, the death of either the principal or the agent will end the agreement. Should either party be a corporate body (company), its liquidation will...

... agreement during the remainder period. (d) Death: Because an agency relationship is a personal one, the death of either the principal or the agent will end the agreement. Should either party be a corporate body (company), its liquidation will have the same effect. (e) Insanity: If either the principal or...

... they join the labour force. For the other dependents, medical cost is incurred until their death. ii) Future education cost of dependent children This component considers the accumulated education costs of dependent children before they enter tertiary education. The Study takes into account the period...

... they join the labour force. For the other dependents, medical cost is incurred until their death. ii) Future education cost of dependent children This component considers the accumulated education costs of dependent children before they enter tertiary education. The Study takes into account the period...

... premium as consideration, which requirement will have the effect of overriding the said legal rule. 2 The insurer's consideration is the promise to pay, etc., rather than the actual payment. In many cases, no claim arises under the policy, but when the insured period ends the insurer is treated as having...

... promise to pay, etc., rather than the actual payment. In many cases, no claim arises under the policy, but when the insured period ends the insurer is treated as having provided consideration, and therefore there will not be a question of the contract being void for lack of consideration leading to an...

... activities; (c) the basis for measuring risks in normal and severe adverse circumstances; and (d) the regulatory capital requirements and Target Capital associated with each material risk and the capital planning period. 6.2.8 The scope, usage and limitations of models and the associated risks of using model...