2013

i

1999 10 2000 6 2001 6 2004 9 2013 7 1999 2000 2001 2004 2013

ii

1 1/1 1 .1 1 /1 1.1.1 1.1.2 1.1.3 1 .2 1 /4

2 2/1 2 .1 2 /1 2.1.1 2.1.2 2.1.3 2 .2 2 /4 2.2.1 2.2.2 2.2.3 2.2.4 2.2.5 2.2.6

iii

3 3/1 3 .1 3 /1 3.1.1 3.1.2 3.1.3 3.1.4 3.1.5 3.1.6 3 .2 3 /4 3.2.1 3.2.2 3.2.3 3.2.4 3.2.5 3.2.6 3 .3 3 /6 3.3.1 3.3.2 3.3.3 3.3.4 3 .4 3 /9 3.4.1 3.4.2 3.4.3

iv

3.4.4 3.4.5 3.4.6 3.4.7 3.4.8 3.4.9 3 .5 3 /14 3.5.1 3.5.2 3.5.3 3.5.4 3.5.5 3 .6 3 /16 3.6.1 3.6.2 3.6.3 3.6.4

4 4/1 4 .1 4 /1 4 .2 4 /2 4 .3 4 /2 4 .4 4 /3 4 .5 4 /3 4 .6 4 /4

v

4.7 4 /5 4 .8 4 /6 4 .9 4 /6 4 .10 4 /7

4.11 4 /8

5 5/1 5 .1 5 /1 5.1.1 5.1.2 5.1.3 5.1.4 5 .2 5 /4 5.2.1 5.2.2 5.2.3 5.2.4 5 .3 5 /6 5 .4 5 /7 5 .5 / 5 /7 5.5.1 5.5.2 5.5.3 5.5.4

vi

6 6/1 6 .1 6 /1 6.1.1 6.1.2 6.1.3 6.1.4 6.2 6 /12 6.2.1 6.2.2 6.2.3

7 7/1 7 .1 7 /1 7.1.1 7.1.2 7 .2 7 /2 7.2.1 7.2.2 7 .3 7 /12 7.3.1 7.3.2 7.3.3

vii

7.4 7 /13 7.4.1 7.4.2 7.4.3 7.4.4 7.4.5

7.4.5a 7.4.5b 7.4.5c 7.4.5d

7.4.6 7.5 7 /24 7.6 7 /24

7.6.1 7.6.2 7.6.3

(i) - (xx)

()()

( 1 ) - ( 7 )

- o - o - o

viii

1 12%

2 16%

3 30%

4 9%

5 5%

6 21%

7 7%

100%

1/1

1 1.1

1 .1 .1 (Risk)

(a ) ( f inancia l ) ( )

(b) (physica l ) (

) (c ) (emot ional )

( insurable

r isks) ( 1.1 .2a)

1

2 ( ) ( ( a l l r i sks )

) 1 .1 .2 (Class i f icat ion of Risk)

(a ) (b)

1/2

1.1 .2a :

( i ) (Pure r i sk) (

)

( i i ) (Specula t ive r i sk)

1 .1 .2b

( i ) (Par t icu lar r i sk)

( i i ) (Fundamenta l r i sk)

1 .1 .3 (Risk Management)

( a )

( 1.1 .2a )

(b)

1/3

(c )

( i ) ( i i )

( i i i ) ( )

- (

)

-

( ) -

( ) -

) -

(

) ( i ) - ( i i i )

1/4

1.2

(a ) (pr imary funct ions /benef i ts )

( r i sk t ransfer mechanism)

( )

(b) (anci l lary funct ions /benef i ts )

( i ) ( i i )

( i i i ) ( )

( 1.1 .3 (b) ) ( ) /

( iv) ( )

2000

(v) (

)

- o - o - o -

1/5

10% 20%)

1 (a ) . . . . . (b) . . . . . (c ) . . . . . (d) . . . . .

[ 1.1 .1 ]

2 (a ) . . . . . (b) . . . . . (c ) . . . . . (d) . . . . .

[ 1.1 .2a ]

3

( i ) ( i i ) ( i i i ) ( iv)

(a ) ( i ) ( i i i ) . . . . . (b) ( i i ) ( iv) . . . . . (c ) ( i ) ( iv) . . . . . (d) ( i ) ( i i i ) ( iv) . . . . .

[ 1.1-1 .1 .1 ]

1/6

4 ( i )

( i i ) ( i i i ) ( iv)

(a ) ( i ) ( i i ) . . . . . (b) ( i ) ( i i ) ( i i i ) . . . . . (c ) ( i i i ) ( iv) . . . . . (d) ( i ) ( i i ) ( i i i ) ( iv) . . . . .

[ 1.2 ]

2/1

2

2.1

2.1 .1

( cont rac t )

(agreement )

(

) ( )

2.1 .2

( a ) (Simple contracts)

2/2

(b) (Deeds) ( )

(Obl igee) ( 2.1 .3 (c) )

2.1 .3

( 2.1 .2 (a) )

(defect ive contracts)

1 (Void Invalid)

2 (Voidable)

3.2

3 (Unenforceable)

( )

2/3

( )

(a ) (Offer )

( ( ) ) ( counter-offer )

(b) (Acceptance) ( (offeree))

( ) (counter-offer ) (offeror)

(c ) (Cons idera t ion) ( )

( i ) ( i i ) 1.

2 .

2/4

(d) (Capaci ty to cont rac t )

(e ) (Legality)

( f ) ( Intention to create legal relation)

2.2

( ) ( a ) (agent) (principal)

( ) ( / )

(b)

( 2.2 .2 2.2 .3 ) ( ) ( )

( c ) (v icar ious

l iab i l i ty) ( )

2.2 .1

2/5

(a )

(b)

( ) ( )

( ) 2.2 .2

( )

(a )

(b) (Ratification)

2.2 .3

2/6

(a) (Actual authority)

(b) (Apparent authority)

(c) (Authority of necessity) (

) ( )

(d) (Agency by estoppel)

( )

( )

2/7

2.2 .4 (Duties Owed by Agent to Principal)

(a )

(b)

( )

(c )

(d)

(e )

2.2 .5 (Duties Owed by Principal to Agent)

(a ) (

)

(b)

(c )

2/8

2.2 .6 (Termination of Agency)

(a )

(b) (Revocation) /

( ) (c ) (Breach)

( )

(d)

( ) (e )

( f ) ( ) ( )

(g)

- o - o - o -

2/9

1 (a ) . . . . . (b) . . . . . (c ) . . . . . (d) . . . . . [ 2.1 .1 ] 2 (a ) . . . . . (b) . . . . . (c ) . . . . . (d) . . . . . [ 2.2 .2 (b) ] 3 ( i )

( i i ) ( i i i ) ( iv)

(a ) ( i ) ( i i ) . . . . . (b) ( i ) ( i i i ) . . . . . (c ) ( i i ) ( i i i ) . . . . . (d) ( i i ) ( iv) . . . . . [ 2.1 .2 (a) ]

2/10

4 ( i )

( i i ) ( i i i ) ( iv)

(a ) ( i ) ( i i ) . . . . . (b) ( i ) ( i i i ) . . . . . (c ) ( i i ) ( i i i ) . . . . . (d) ( i ) ( i i ) ( i i i ) ( iv) . . . . . [ 2.1 .3 ]

[ ]

3/1

3

3.1

3.1 .1

( Insurable In teres t ) (subjec t mat ter o f insurance)

3.1 .2

( Insurance Companies Ordinance) (Mar ine Insurance Ordinance)

3.1 .3

(a ) ( )

( )

(b) (Subjec t Mat ter ) (

) (c ) 3.1 .1

3/2

3.1 .4

(a )

( ) l i fe insured

(b) ( )

(c )

( ) ( 2.2(c) )

(d) ( Insurance of Legal Rights)

3.1 .5

(a)

(b)

(c ) ( indemni ty

insurance)

3/3

3.1 .6 (Assignment)

( )

( )

(a ) (Ass ignment of insurance contract )

(b) (Ass ignment of the r ight to insurance money)

(c)

(d)

(e)

1

3/4

2 ( ) (Law Amendment and Reform (Consolidation) Ordinance) 9

3.2

3.2 .1 (Ordinary Good Faith)

3.2 .2 Utmost Good Faith

( materia l facts )

1

( (Warrant ) ) ( )

2

3 .2 .3 Material Facts

( a )

3/5

(b)

(i) (ii)

( i i i )

3.2 .4

(a ) ( )

(b) ( )

(c )

(d)

3/6

3.2 .5 (Breach of Utmost Good Faith)

(a ) (Fraudulent Misrepresenta t ion)

(b) (Non-fraudulent Misrepresenta t ion)

(c ) (Fraudulent Non-disc losure)

(d) (Non-fraudulent Non-disc losure)

3.2 .6

( a )

(b) (a ) tor t

( c ) (waive the breach)

3.3 (Proximate Cause)

3.3 .1

3/7

3.3 .2

(a ) ( Insured per i l )

(b) (Excepted (excluded) per i l )

( c ) (Uninsured per i l )

3.3 .3

(a )

(b)

(c )

/

( i )

3/8

( i i )

( i i i )

(d)

( i ) ( i i )

( i i i )

( iv)

3/9

3.3 .4

(a )

(b)

3.4 (Indemnity)

3 .4 .1

( indemni ty)

3/10

3.4 .2

3 .4 .3

3.1

3.4 .4

( a ) (Cash payment ) ( )

(b) (Repai r )

( c ) (Replacement )

(d) (Reins ta tement )

3/11

3.4 .5 (Salvage)

( ) ( salvage )

(a ) (b)

Salvage

sa lvage Salvage

3.4 .6 (Abandonment)

(

) ( (subrogat ion ) 3.6 )

3 .4 .7

(a ) (Average) ( )

3/12

( average )

(b) (pol icy excess /deduct ib le)

( c ) ( f ranchise)

( ) ( )

(d) (Pol icy Limi ts ) (Sum Insured)

( i ) (Single Ar t ic le Limi ts )

3/13

( i i ) Sect ion Limi t

3.4 .8

(a ) (Reins ta tement insurance)( )

Reins ta tement ( 3.4 .4 (d) ) ( )

(b) ( New for Old cover)

(c ) (Agreed va lue pol ic ies ) ( va lued pol ic ies ) ( )

(d)

3.4 .9

3/14

3.5 (Contribution)

3.5 .1

3.5 .2

3.5 .3

( a )

(b)

( c )

(d)

( e ) (

)

3/15

(b)

(b)

( subrogat ion)( 3.6

3.5 .4

3.5 .5

(a) (Rateable Propor t ion Clause)

(Contr ibut ion Condi t ion)

3.5 .1

3/16

(b) (Non-cont r ibut ion Clause)

( c )

3.6 (Subrogation)

3 .6 .1

3.6 .2

(a ) ( tort) ( th i rd par ty)

3/17

(b)

( c )

(d) (Sa lvage) (

3.4 .5 ) ( )

3.6 .3

3.6 .4

(a )

(b) ( i )

( i i ) ( 3.4 .6 )

( i i i )

3/18

(1)

(2)

(3)

- o - o - o -

3/19

1 (a ) . . . . . (b) . . . . . (c ) . . . . . (d) . . . . . [ 3.1 .1 ] 2 ? (a ) . . . . . (b) . . . . . (c ) . . . . . (d) . . . . . [ 3.1 .5 ] 3 ( i ) ( i i ) ( i i i ) ( iv) (a ) ( i ) ( i i ) . . . . . (b) ( i ) ( i i i ) . . . . . (c ) ( i i ) ( i i i ) ( iv) . . . . . (d) ( i ) ( i i ) ( i i i ) ( iv) . . . . . [ 3.2 .5 ]

3/20

4 ( i ) ( i i ) ( i i i ) ( iv) (a ) ( i ) ( i i ) ( i i i ) . . . . . (b) ( i ) ( i i ) ( iv) . . . . . (c ) ( i ) ( i i i ) ( iv) . . . . . (d) ( i i ) ( i i i ) ( iv) . . . . . [ 3.4 .8 ] [ ]

4/1

4

4.1

( 4.3 )

(compulsory) ( ) ( )

( a )

(b)

( c ) (Product research) ( i ) ( i i )

( i i i )

4/2

4.2

(Cl ient Servic ing) ( ) ( a )

(b) (Publ ic re lat ions)

( c )

(d)

4.3

4.1

( a )

( i ) ( i i ) ( i i i ) ( iv) (b)

( c ) (Advert is ing)

4/3

( i ) ( i i ) ( i i i ) ( iv)

(d)

( e )

4.4

( a )

(b)

( c )

4.5 (Underwriting)

( renewal) ( a )

4/4

(b)

( c )

(d) (Target r i sks)

( ) ( )

( e ) (Stop- l i s ts )

( 7.3 )

4.6

( a )

(Pol icy Document ) ( )

(b)

( c )

4/5

(d)

( )

4.7

( a )

( i )

(pr imary benef ic iary)

( i i ) ( i i i )

( iv) (v) ( 4.5 )

(b)

( c ) ( i )

( i i ) (Quantum)

4/6

(d)

4.8 (Reinsurance)

911 ( a )

(b)

( ) ( )

( underwr i t ing capaci ty )

( c )

(d)

4.9

( a ) (

)

4/7

1

2

(b)

( long- ta i l bus iness) (

)

(short-tail business)

( c )

4.10

( a ) (b)

( c ) ( )

(d)

( )

4/8

4.11

( a )

(b)

( c )

(d)

( ) ( e )

( f ) ( )

- o - o - o -

4/9

1

(a ) . . . . . (b) . . . . . (c ) . . . . . (d) . . . . . [ 4.1 ]

2

(a ) . . . . . (b) . . . . . (c ) . . . . . (d) . . . . .

[ 4.5 ]

3

( i ) ( i i ) ( i i i ) ( iv) (a ) ( i ) ( i i ) . . . . . (b) ( i i ) ( i i i ) . . . . . (c ) ( i ) ( i i i ) ( iv) . . . . . (d) ( i ) ( i i ) ( i i i ) ( iv) . . . . . [ 4.7 (a) ]

4/10

4 ( i ) ( i i ) ( i i i ) ( iv) (a ) ( i ) ( i i ) . . . . . (b) ( i ) ( i i i ) . . . . . (c ) ( i i ) ( i i i ) . . . . . (d) ( i i i ) ( iv) . . . . . [ 4.10 ]

[ ]

5/1

5

5.1

(a )

(b)

(c ) 5 .1 .1 (Statutory Classification)

Insurance Companies

Ordinance

( a ) (Long Term Business) ( )

A - C

B -

C -

D - ( )

E (Tontines)

-

F

-

G

I -

H

I I -

I

I I I -

G H

5/2

B E F (b) (General Business)

1 -

2 -

D 3 -

4 - 5 - 6 - 7 -

( ) 8

-

( ) 9 - 3 8

10

- (

) 11

-

12

-

13 - 10 12

14 -

15 (Suretyship) -

16 -

17 -

1

5/3

5.1 .2 (Pract ical Class i f icat ion of Insurance)

( a ) ( )

( i ) ( ) ( )

( i i )

(b)

( i ) ( i i ) ( i i i ) ( ) ( c )

( i ) ( i i )

5.1 .3 (Academic Class i f icat ion of Insurance) ( )

(a ) ( Insurance of the person) (personal insurance) ( )

(b) ( Insurance of property) (

)

5/4

(c ) ( Insurance of liability) ( )

(d) ( Insurance of pecuniary in te res t s )

(a) (c)

( ) 5.1 .4 (Reinsurance)

( 6.1 .1e )

( a ) (Outwards re insurance)

(b) ( Inwards re insurance)

( Profess ional Reinsurers ) 5.2

(a ) (b) (c ) (d)

5 .2 .1

( a ) ( Pure Long Term Business) ( 5.1 .1 (a) )

( )

5/5

(b) ( Pure General Business) ( 5.1 .1 (b) ) ( )

( c ) ( Composi te )

( )

5.2 .2

6.2

5.2 .3

( )

( )

5.2 .4

( a )

(b)

5/6

5.3

( 5.2 .1 )

( a )

( ) (b)

( i )

( i i )

(c ) (Market co-operation)

( 5.5 )

HKFI

5/7

5.4 (Insurance Intermediaries)

(5.2 .2 ) ( 6.2 )

(a ) 6.2 .1

(b)

( ) (c )

(d) 5.5

5 .5

5.5.1 (Hong Kong Federation of Insurers (HKFI )

( a ) ( 5.3 (c) )

(b)

(c ) ( Insurance

Agents Registration Board (IARB))

( 6.2 .2 )

5/8

5.5 .2 (Approved Bodies of Insurance Brokers)

(au thor ised)

( a ) (The Hong Kong Confedera t ion of Insurance

Brokers) (b) (Professional Insurance Brokers Association) 5 .5 .3

(a ) (The Insurance Cla ims Compla in ts Bureau)

6.1 .4 (b) (Motor Insurers Bureau of Hong Kong (MIB))

( c ) (Employees

Compensat ion Insurer Insolvency Bureau ( ECIIB) ) ECIIB

5.5 .4

(Employees Compensat ion Insurance Residual Scheme ( ECIRS )

ECIRS

- o - o - o

5/9

1

(a ) . . . . . (b) . . . . . (c ) . . . . . (d) . . . . . [ 5.1 .1 ] 2 (a ) . . . . . (b) . . . . . (c ) . . . . . (d) . . . . . [ 5.1 .4 ] 3 ( i ) ( i i ) ( i i i ) ( iv) (a ) ( i ) ( i i ) . . . . . (b) ( i i ) ( i i i ) . . . . . (c ) ( i i ) ( iv) . . . . . (d) ( i i i ) ( iv) . . . . . [ 5.1 .1 ]

5/10

4 ( i ) ( i i ) ( i i i ) ( iv) (a ) ( i ) ( i i ) . . . . . (b) ( i ) ( i i i ) . . . . . (c ) ( i i ) ( i i i ) . . . . . (d) ( i i i ) ( iv) . . . . . [ 5.3 ] [ ]

6/1

6

( )

6.1

6.1 .1 ( Insurance Companies Ordinance ( ICO))

(Commissioner of Insurance)

6.1 .1a

( a ) (b) ( c ) (d)

6/2

6 .1 .1b (Paid-up Capi ta l )

(a )

(b)

( c ) (d)

6 .1 .1c

(Solvency Margin)

( a )

( i )

( i i )

( )

(b)

(c)

(b) (a)

(d)

6/3

6.1 .1d (Fi t and Proper Directors and Control lers)

(

)

a b

c d

6 .1 .1e (Adequate Reinsurance)

)

6/4

2(7)(b) (c)

6 .1 .1f (Insurance Companies Ordinance(ICO))

ICO ( a )

( i )

( i i )

ICO

( )

(b)

( i )

( i i )

6/5

( c ) (Report ing Requirements)

( i )

( financial statements)

( i i )

( i )

(General Business Return) (Statement of Assets and Liabilities) ( )

( i i i ) ( i )

(Actuarial Investigation Report)

(1) (Electronic Transactions

Ordinance)

(2)

6/6

(d) (Transparency) 2000 6

6 .1 .1g (Powers of Intervent ion)

( a )

(b) ( c )

(d) ( e )

( f )

(g)

6.1 .2 (Code of Conduct for Insurers)

) ( HKFI)

( )

6.1 .2a

6/7

( a ) (b) (c ) (d) (e )

6 .1 .2b

( a )

(b)

(i) (ii) (iii) ( iv)

( c )

(d)

( e )

( ) 6 .1 .2c

( a ) (b)

6/8

( i )

( i i ) (

) ( i i i ) (warranty)

( c ) (d)

( i )

( i i )

( i i i )

( iv) ( )

6 .1 .2d (Management of Insurance Agents)

( a )

( 6.2 .2 )

(b)

( c )

(d)

6/9

6 .1 .2e ( Inquiries, Complaints and Disputes)

( a ) ( 6.2 .2 )

(b) ( ICCB ) ( 6.1 .4 ) ICCB

6.1.3

6.1 .3a

( a )

(b)

(c)

(d)

(e)

6/10

(f)

(g)

(h)

(i)

(j)

(k)

(l)

(a) (b)

(a) (b) (c)

(d)

6/11

6 .1 .3b

6.1 .3c

6.1 .4 (Insurance Claims Complaints Bureau (ICCB))

6 .1 .4a

(a ) ( Insurance Cla ims Compla in t s Panel ) ( )

(b)

(c )

(d)

(e )

6/12

6 .1 .4b

(a )

(b)

(c )

(d)

(e ) / /

( f )

(g)

(h)

( i )

6.2

6 .2 .1

(a )

6/13

(b)

(c )

(d) ( i )

( i i )

( i i i )

( iv)

(v)

(v i )

6/14

(v i i )

(v i i i )

( )

6 .2 .1a (Appointed Insurance Agent)

(1) (2)

(1) (2)

(1) (2) 6.2 .1a

6/15

6.2 .2 (Code of Pract ice for the Administrat ion of Insurance Agents)

( )

6 .2 .2a (a )

=

= 48

=

=

=

(i)

(ii)

= (a)

(b)

(c)

(d)

=

6/16

=

= X

= 15 30

(a)

(b)

(c)

(d)

=

( i)

(ii)

=

(i)

(ii)

=

6/17

=

(b)

6 .2 .2b ( a )

( i )

( i i )

( i i i )

( iv)

(v)

(v i )

X

(b)

6/18

(c) ( In terpre ta t ion and Genera l Clauses Ordinance)

6 .2 .2c ( a )

(b)

( i )

( i i )

/ ( 6.2 .2e )

( i i i )

( c )

6/19

(d)

( i )

( i i ) ( i )

( i ) ( i i )

( i i i ) ( i )

( i ) ( i i )

( i ) ( i i ) ( i ) ( i i )

( iv) ( i ) (1) ( i )

( i i )

(2) (i)

(ii)

(3) (i)

(ii)(i)(ii)

(v)

(v i ) ( i ) - ( i i i )

6/20

(e )

( f )

( i )

( i i )

( i i i )

( iv)

(v)

6.2 .2f

(v i )

(v i i )

(v i i i )

( ix)

(x) (Travel Agents Ordinance)

(g)

( i ) ( i i ) ( i i i )

6/21

( iv) (v)

(vi)

(v i i )

(h)

( i )

( i ) ( i i )

( j )

( i ) ( i i )

6 .2 .2d

( a )

(b)

( i )

( i i )

6/22

( i i i )

( iv)

(v)

(v i )

( c )

( i )

( i i )

( i i i )

( i ) ( i i )

( iv)

(v)

6/23

(v)

(v)

(1)

(2)

(3)

(v i )

(1)

(2)

(v i i )

(v i i i )

(d) (Appeals Tribunal)

( i )

6/24

( i i ) ( )

( i i i )

(1)

(2)

( iv)

14

(v)

(v i )

(v i i )

( e )

6.2 .2e ( Fit and Proper

Criteria) ( a )

( i )

6/25

( i i )

( i i i )

( iv)

(v)

(v i )

(v i i )

6.2 .2f 6.2 .2g

(v i i i )

( ix) 61 70

(d) )

(x)

(x i )

(x i i )

(1) (2)

6/26

(x i i i )

(b)

( i )

( i i )

( c )

( i )

( i i )

61 b d (d) ( i ) (2) - (4) 70 (d) ( i i i )

(d)

( i )

(1) (2)

(3)

(4)

6/27

(5)

( i i )

( i i i )

6 .2 .2f (Model Agency Agreement)

6.2 .2g ( a )

( i )

( i i )

( i i i )

(1)

(2)

(3)

(4)

6/28

(5)

(6)

(7)

(8)

( ) (Personal Data (Pr ivacy) Ordinance)

(9)

(10)

(11)

( iv)

(1)

(2)

6/29

(b)

(a)

( )

( i ) (a) ( i )

( i i ) (a) ( i i )

( i i i ) (1) (a) ( i i i ) (1)

(2) (a) ( i i i ) (2)

(3) (a) ( i i i ) (3)

(4) (a) ( i i i ) (5)

(5) (a) ( i i i ) (6)

(6) (a) ( i i i ) (8)

(7) (a) ( i i i ) (9)

(8) (a) ( i i i ) (10)

(9)

(10)

(11)

(12)

(13)

( iv) (a) ( iv) (1) (2)

6/30

(v)

(1)

(2)

(3)

(4)

(5)

(6)

(7)

6.2.2h

6/31

(a) (Guidel ines on Misconduct) 4

( i )

/

( i i )

( i i i )

( iv)

6/32

(b) (Guidel ines on Handl ing of Premiums) 5

( i )

/

( i i )

(c) (Guidel ines on the Effect ive Date of Regis trat ion of Insurance Agents , Responsible Off icers and Technical Representat ives) 6

( i )

(ii)

/ /

77

6/33

77 / / /

/

(d) (Guidance Note on

Compl iance with the Requirements of the Cont inuing Profess ional Development (CPD) Programme) 7

( i )

(ii)

10

10

12 (iii)

6/34

(iv)

(v)

3

12

(e) (Guidance Note on

Restr icted Scope Travel Business) 9

( i )

( 1 )

( 2 )

(ii)

61 (c )

61 (c)

6/35

61 (c ) (iii)

(f) (Guidance Note on Compl iance wi th the Requirements of the Cont inuing Profess ional Development (CPD) Programme for Registered Persons who are Regis tered as Engaging in Restr icted Scope Travel Business (RSTB) Only) 10

( i )

(ii)

3

3

12

6/36

(iii)

(iv)

(v)

3

12

(g) 2010 3 1

(Guidance Note Appl icable to Registered Persons Wishing to Engage/Cont inue to Engage in Investment- l inked Long Term (ILLT) Insurance Business on or af ter 1 March 2010) 11

( i )

2010 3 1

2010 3 1

6/37

( i i )

2010 3 1

2010 3 1

2010 3 1 2012 2 29 20

2012 2 29

6.2 .3 (Minimum Requirements Specified for Insurance Brokers)

X

(a ) (b)

6.2 .3a

( 6.2 .3d )

( a )

(b)

( c )

(d)

( e )

6/38

1

2 (Secur i t ies and Futures

Ordinance)

( )

6.2 .3b

(a ) ( )

(b)

(c )

6.2 .3c

(a)

(b)

(c )

6.2 .3d

( a )

6/39

( i )

( i i )

/

( i )

( i i )

( i i i )

(b)

( i )

6/40

( i i )

( i i i ) (

)

(c)

( i )

( i i )

( i )

( i i )

(d)

( i )

( i i )

( i i i )

(Banking Ordinance)

( iv) (v)

( e ) ( i )

(1) (2)

6/41

(3)

(4)

( i i )

(1)

(2)

(3) ( i i i )

( f ) ( i ) ( ) ( i i )

( i i i )

( i )

(1)

(2)

(3)

(4)

(5) (6)

( )

6/42

(7)

( i i )

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

( ) ( )

6/43

(10)

( i i i )

(1)

(2)

(3)

( iv)

(1)

(2)

(3) (4)

(v)

(1)

(2)

6/44

(3)

(4)

(5)

(6)

(v i )

(1)

(2) (3)

(4)

( ) (

6/45

) 9 ( )

( )

(1)

(2)

6.2 .3d (a) (3)

6.2 .3d (a ) (4)

6.2 .3e (Annual Financial Statements and Auditors Report)

(a ) 73(1)

(b)

6.2 .3d (b) (e)

(c ) (a) (b)

6/46

(d)

(a) (b)

(e )

( i ) ( i i )

- o - o - o -

6/47

1

(a ) . . . . . (b) . . . . . (c ) . . . . . (d) . . . . . [ 6.1 .1a ] 2

(a ) . . . . . (b) . . . . . (c ) . . . . . (d) . . . . . [ 6.2 .2d (c ) ( i ) ] 3

( i ) ( i i ) ( i i i ) ( iv) (a ) ( i ) ( i i ) . . . . . (b) ( i ) ( i i ) ( i i i ) . . . . . (c ) ( i i i ) ( iv) . . . . . (d) ( i ) ( i i ) ( i i i ) ( iv) . . . . . [ 6.2 .2d (c) (v) ]

6/48

4

( i ) ( i i ) ( i i i ) ( iv) (a ) ( i ) ( i i ) . . . . . (b) ( i ) ( i i ) ( i i i ) . . . . . (c ) ( i i i ) ( iv) . . . . . (d) ( i ) ( i i ) ( i i i ) ( iv) . . . . . [ 6.2 .2 ] [ ]

7/1

7

7.1

(a ) (b) (a)

(c )

( ) (d)

(e )

( f )

7 .1 .1

( a )

(b) 6.2 .3

( i ) ( 6.2 .3d (d) )

( i i ) ( 6.2 .3d ( i ) ) ( i i i ) ( 6.2 .3d ( f ) )

7/2

(c)

(d) (profess ional negl igence) ( 6.2 .3d (c) )

7 .1 .2

( a )

7.1 (b)

( 6.2 .2f ) ( ) 6.2 .2f

( c )

7.2 (Protection of Personal Data)

( ) [Personal Data (Pr ivacy) Ordinance] ( )

7/3

7.2 .1 ( a )

[ the Off ice of the Pr ivacy Commiss ioner for Personal Data]

(b) ( i ) (

) ( i i ) (1) (2) (3) ( c )

( i ) 1

( i i ) 2

(a) (b)

7.2 .1 (d)

7/4

( i i i ) 3

( iv) 4

( i i ) 7.2 .1 (d)

(v) 5

(v i ) 6

7/5

(d) 2 4

(i)

2 4

(1)

(2)

(3)

(4)

(5)

(ii)

( i i i )

7/6

(1)

(2)

(3)

(4)

(e) VIA

( i ) VIA

(1)

(2)

( i i )

7/7

( i i i )

(iv)

14

7/8

(v)

$500,000 3

(vi)

(v i i )

$1,000,000 5 $500,000 3

( f ) ( i )

(a) (b)

$1,000,000 5

( i i )

(1)

7/9

(2)

(3)

(4)

(g)

2 4

(h)

( i )

( i i )

( i i i )

7/10

( i )

( i )

( i i ) (

( i i i )

7.2 .2

( )

(a)

( i )

1 10

( i i ) 1

(b) (

) 1 ( )

( i ) 2.3

( )

7/11

( i i ) 3.2

( ) 2 3 (c )

( i )

( i i )

(d)

( i ) :

/

( i i ) : ( i )

/ /

(e )

4

( i )

( )

7/12

( i i )

7.3

7 .3 .1

(Equal Opportuni t ies Commiss ion (EOC))

(a ) ( (Sex Discr iminat ion Ordinance))

(b) (

(Disabi l i ty Discr iminat ion Ordinance))

(c ) ( (Fami ly Sta tus Discr iminat ion Ordinance) )

(d) (

(Race Discr iminat ion Ordinance))

7 .3 .2 ( Fair Discrimination in Insurance)

(a) (b)

( a )

( i )

7/13

( i i )

(b)

( )

7 .3 .3 (Unfair Discrimination in Insurance)

(

) ( a )

(

) (b)

7 .4

7 .4 .1

(a )

(b)

7.4 .2

(a)

( i ) ( )

7/14

( i i ) ( )

(b)

( )

(c)

7.4 .3

( )

(a ) (b) (c ) (d) ( )

7/15

7 .4 .4 3

( a )

( b )

( c )

7 .4 .5

/

( A n t i - M o n e y L a u n d e r i n g a n d Coun te r -Te r ro r i s t F inanc ing ( F i n a n c i a l I n s t i t u t i o n s ) O r d i n a n c e ) (Drug T r a f f i c k i n g ( R e c o v e r y o f P r o c e e d s ) O r d i n a n c e ) ( O r g a n i z e d a n d S e r i o u s C r i me s O r d i n a n c e ) ( U n i t e d N a t i on s ( A n t i -T e r r o r i sm M e a s u r e s ) O r d i n a n c e )

7 .4 .5a (Ant i -Money Laundering and Counter-Terrorist F inancing (Financial Inst i tut ions) Ordinance) ( )

2 23 ( a ) 2 2 3 ( b ) /

7/16

2

7

2

7

3 7.4 .5b (Drug Traff icking (Recovery of Proceeds) Ordinance)

.

14

3 50,000

3

7/17

7.4 .5c (Organized and Serious Crimes Ordinance)

14

3 50,000

3

7 .4 .5d (Uni ted Nat ions (Ant i -Terrorism Measures) Ordinance)

2001 9 28 1373 1373

( ) 14

3 50,000

3

7/18

7.4 .6

7 .4 .6a

( )

7 4A

(a ) ( / ) ( / )

(b)

/

2 2

7/19

7 .4 .6b /

/ 2 2 3 / /

/

7 . 4 . 6 c /

/

2 2 3

2 2 3

( a ) ( b )

/

2 5 ( A)

7/20

7.4 .6d

/

7.4 .6e

7.4 .6f

/

7.4 .6g

(Uni ted Nat ions Sanc t ions Ordinance)

7/21

7.4 .6h

7

14

(United Nations (Anti-Terrorism Measures) Ordinance)

4

( )

(Weapons of Mass Des t ruc t ion (Cont ro l of Provis ion of Services) Ordinance) 4

7.4 .6 i

7/22

13224

7.4 .6j

(a )

(b)

(c )

7/23

7.4 .6k

2 3

(a )

(b)

7 .4 .6 l

7/24

7.4 .6m

2 12

7.5

(Prevent ion of Br ibery Ordinance)

7.6

7/25

( 3.2 )

( )

7 .6 .1

( secondary party )

( principal perpetrator principal ) 7.6 .1

(secondary party , secondary part ic ipant accessory )

( jo int principals )

77 (1)

7/26

7 .6 .2

( a )

(b)

7/27

7.6 .3

( a )

(b) ( c )

(d)

- o - o - o -

7/28

1 ( ) (a ) . . . . . (b) . . . . . (c ) . . . . . (d) . . . . . [ 7.2 .1 (a) ] 2

(a ) . . . . . (b) . . . . . (c ) . . . . . (d) . . . . . [ 7.3 .1 ] 3 ( i ) ( i i ) ( i i i ) ( iv) (a ) ( i ) ( i i ) . . . . . (b) ( i ) ( i i i ) . . . . . (c ) ( i i ) ( iv) . . . . . (d) ( i ) ( i i ) ( i i i ) ( iv) . . . . . [ 7.2 .1 (c) ]

7/29

4 ( i ) ( i i ) ( i i i ) ( iv) (a ) ( i ) ( i i ) . . . . . (b) ( i i ) ( i i i ) . . . . . (c ) ( i i ) ( iv) . . . . . (d) ( i ) ( i i i ) ( iv) . . . . . [ 7.4 .3 ]

[ ]

(i)

(Abandonment) 3 .4 .6 (Academic Class i f icat ion of Insurance)

5.1 .3 (Acceptance) 2.1 .3 (b) (Account ing and Investment) 4.10 (Actuaria l Support) 4.9 (Adequate Reinsurance) 6.1 .1e (Administrator) 3.1 .4 (b) (Agency) 2.2 .1 (Agency by Estoppel )

( ) 2.2 .3 (d) (Agent) 2.2 (a) (Agreed Value Pol icy)

3.4 .8 (c)

(ii)

Al l Risks 1.1 .1 2 (Anci l lary Funct ions of Insurance) 1.2 (b) (Annual Financia l Statements and Auditor 's Report) 69

6.2 .3e (Annuity) ( ) ( ) ( ) 5.1 .1 (a) (Apparent Authori ty)

2.2 .3 (b) (Appeals Tribunal )

6.2 .2d (d) (Approved Bodies of Insurance Brokers) 70 5.5 .2 ( ) Assignment of Pol icy (Insurance Contract)

3.1 .6 (Ass ignment of the Right to Insurance Money)

3 .1 .6

(iii)

(Average) ( ) 3.4 .7 (a) (Average) 3.4 .7 (a) (Bai lee) 3.5 .3 (Breach) 2.1 .3 , 2.2 .5 (c) (Capaci ty) 1 Capacity to Contract 2.1 .3 (d) 2 Underwriting Capacity 4.8 (b) (Capt ive Insurer) (

) 6.1 .1b (d) (Cash Payment) 3.4 .4 (a) / (Claims)

4.7 (Claims(Denial ) )

6.1 .2c (b) (Claims Outstanding)

6 .1 .1c (a) ( i i )

(iv)

(Class i f icat ion of Risk) 1.1 .2 (Cl ient Account)

6.2 .3a (d) (Cl ient Servic ing) (Customer Servic ing) 4.2 (Code of Conduct for Insurers) 1999 5 6.1 .2 (Code of Pract ice for the Administrat ion of Insurance Agents)

6.2 .2 (Col lectabi l i ty)

6.1 .1e (Complaints and Disputes)

6.1 .2e (Composi te ( Insurer) )

5.2 .1 (c) (Contract) 2.1 .1 (Counter-offer)

2.1 .3 (b) Customer Servic ing or Cl ient Servic ing

4.2

(v)

Deeds 2.1 .2 (b) Deemed 2.2 .1 Defect ive Contract ( ) 2.1 .3 (Duties Owed by Agent to Princ ipal )

2.2 .4 (Duties Owed by Princ ipal to Agent) 2.2 .5 Electronic Transact ions Ordinance 2000 4 , 6.1 .1f (c ) 1 (Emotional (Risk)) 1.1 .1 (c) (Employees ' Compensat ion Insurance)

5.1 .1 (b) (Endorsement) 4.6 (d) (Equal Opportunity)

7.3 .1 (Equity) 3.5 .1 (Excepted (Excluded) Peri l ) 3.3 .2 (b)

(vi)

(Excess)

3.4 .7 (b) (Executor) 3.1 .4 (b) ( Fair Discr iminat ion in Insurance)

7.3 .2 (Fidel i ty Guarantee) ( ) 5.1 .1 (b) (Financial (Risk)) 1.1 .1 (a) (Fi t and Proper) 6.1 .1d, 6 .2 .2e , 6 .2 .3a (Fi tness and Properness of Registered Persons)

6.2 .2e (Franchise)

3.4 .7 (c) (Fraud (Insurance))

7.6 (Fraudulent Misrepresentat ion) 3.2 .5 (a)

(vii)

(Fraudulent Non-Disc losure) 3.2 .5 (c) (Fundamental Risk) 1.1 .2b ( i i ) (General Business ) ICO ICO 5.1 .1 (b) (General Insurance) 5.1 .1 (b) Group of Companies 22(b)

(Companies Ordinance) 2(4)- (7) 6.2 .2c (d) ( i i i ) (Guidel ines on Handl ing of Premiums) IARB 6.2 .2h (b) (Guidel ines on Misconduct) IARB 6.2 .2h (a) (Guidel ines on the Effect ive Date of Registrat ion of Insurance Agents , Responsible Off icers and Technical Representat ives) IARB

6.2 .2h (c) (The Hong Kong Confederat ion of Insurance Brokers)

5.5 .2 (a)

(viii)

(Hong Kong Federat ion of Insurers) HKFI HKFI

5.5 .1 ( Indemnity)

3.4 .1 ( Indemnity (How Provided))

3.4 .4 ( Insurable Interest ) 3.1 .1 ( Insurable Risk) 1.1 .1 (Insurance Agent) 2.2 (Insurance Agents Registrat ion Board) IARB

6.2.2a(a), 6.2.2b ( Insurance Broker) 2.2 (a) ( Insurance Claims Complaints Bureau)

6.1 .4 ( Insurance Claims Complaints Panel )

6.1 .4a

(ix)

Insurance Companies Ordinance ICO

6.1 .1 ( Insurance Intermediar ies)

2.2 (a) (Insurance Intermediaries Dut ies to Pol icyholders)

7.1 ( Insurance of Legal Rights) 3.1 .4 (d) ( Insurance of Liabi l i ty)

5.1 .3 (c) ( Insurance of Pecuniary Interests )

5.1 .3 (d) ( Insurance of Property) 5.1 .3 (b) ( Insurance of the Person) 5.1 .3 (a) ( Insurance Sales ) 4.4 ( Insured Peri l ) 3.3 .2 (a) ( Insurer) 1 .1 .2a

(x)

(Intent ion to create legal re lat ion)

2.1 .3 ( f ) ( ) ( Inval id (Contract) ) 2.1 .3 (Inwards Reinsurance) 5.1 .4 (b) (Joint Tortfeasor) 3.6 .4 (b) ( i i i ) (2) ( ) (Legal i ty (Contract) )

2.1 .3 (e) (Li fe Insurance) 5.1 .1 (a) (Long-ta i l Business)

4.9 (b) (Long Term Business)

5.1 .1 (a) (Loss Prevent ion) 1 .1 .3 (c) (iii) (Loss Reduct ion) 1 .1 .3 (c) (iii) (Management of Insurance Agents) IV 6.1 .2d

(xi)

(Marine Clause)

3.5 .5 (c) (Market Co-operat ion)

5.3 (c) (Market ing and Promotion) 4.3 (Mater ia l Fact) 3.2 .3 (Minimum Requirements Speci f ied for Insurance Brokers) X

6.2 .3 (Model Agency Agreement)

6.2 .2f (Money Laundering)

7 .4 .1 (More Speci f ical ly Insured)

3.5 .5 (b) (Motor Insurers ' Bureau of Hong Kong)

5.5 .3 (b)

(xii)

( New for OldCover)

3.4 .8 (b) (Non-Contr ibut ion Clause) 3.5 .4 (b) (Non-Fraudulent Misrepresentat ion)

3.2 .5 (b) (Non-Fraudulent Non-Disc losure) 3.2 .5 (d) (Obl igee)

2.1 .2 (b) ( ) (Offer (Contract ) ) 2.1 .3 (a) (Offeree) 2.1 .3 (b) (Offeror) 2.1 .3 (a) (Ordinary Good Fai th)

3.2 .1 (Outwards Reinsurance) 5.1 .4 (a) / (Paid-up Capita l ) 6.1 .1a&b, 6 .2 .3d (b) (Part ic ipat ing Pol icy)

4.7 (a) (v)

(xiii)

(Part icular Risk)

1.1 .2b ( i ) (Performance Bond) 5 .1 .1 (b) (Peri l ) 1.1 .1 2,3.3 .2 (Personal Data Protect ion)

7.2 (Phys ical (Risk)) 1.1 .1 (b) (Pol icy) 2 .1 .1 (Pol icy Condit ion)

3.5 .5 (Pol icy Limits) 3 .4 .7 (d) (Powers of Intervent ion)

6.1 .1g (Pract ical Class i f icat ion of Insurance)

5.1 .2 (Premium) 4.6 (d) (Primary Funct ions of Insurance) 1.2 (a)

(xiv)

(Principal ) 2.2 (a) (Product Development)