Guidance for the Implementation of the Insurance (Valuation and Capital) Rules

Following the gazettal of the commencement notice of the Insurance (Amendment) Ordinance 2023 (“Amendment Ordinance”) on 3 May 2024, the new set of rules and regulations including the Insurance (Valuation and Capital) Rules (Cap. 41R) will come into operation in tandem with the commencement of the Amendment Ordinance (i.e. 1 July 2024). Resources: https://www.ia.org.hk/en/legislative_framework/circulars/reg_matters/circulars_on_regulatory_matters_2024.html