insurance authority responsible officer

The course aims to reinforce the general functions and specific duties and liabilities of a Responsible Officer under the Securities and Futures Ordinance (Cap.571) through sharing of key legal and/or enforcement cases. 1. The Chief Financial Officer, among other things, is responsible for (1) regulation of insurance agents, (2) insurance fraud, and (3) consumer protection. File a complaint, learn about your rights, find help, get involved, and more. eFinancialCareers is a DHI service Central. It is not acceptable to hire responsible officers in name only; they must participate in the supervision of the licensed corporation’s business. Procurement Officer Jobs, Procurement Jobs In Kenya, Insurance Regulatory Authority Jobs. MANDATORY PROVIDENT FUND SCHEMES AUTHORITY Application for Approval of an Individual as a Responsible Officer Notes on Completion of this Form 1. %PDF-1.6 %�� IRA is an Equal Opportunity Employer and Persons With Disabilities are encouraged to apply. There is a gray area when it comes to legal assistance and personal liability. Don't miss out! Responsibilities Planning and Implementation • Plan, coordinate and execute timely and quality procurement operations. The Chief Executive has appointed Mr John Leung Chi-yan as the Chief Executive Officer (CEO) of the IA from June 26, 2017, to June 25, 2018, and made the following Executive Director (ED) appointments for a term of three years: h��V�o�6�W�qŐ�!R��5[��]7��\"̖KE��~w'��;i�>x��ş-�b�I�1i��,��0�h8rf%��L#/JfrPK��|%ؔܤbJZˮ��l6�:�b��oRI�HRI�r �4@�$+-�^�擳9��Zw�O��E��Tk>�0��W^syu�$�OX��{��>��w|Y�_{?��y��kz�N�Yu��o�z�g��I& Every licensed business entity (see above table) must appoint a responsible officer (RO), who must be approved by the iIA, and who must be given sufficient resources to promote compliance with the Insurance Ordinance (new Sections 64ZE and F IO). Don't miss out! Andrew Davies, Chief Executive Officer. The Audit Committee is responsible for providing the Accounting Authority / Officer with independent counsel, advice and direction in respect of risk management. SFC Circular on Responsible Officers and Substantial Shareholders. Officers who will be paying Class A rate of PRSI will be required to sign a mandate authorising the Department of Social Protection to pay any benefits due under the Social Welfare Acts directly to The Health Insurance Authority. Primary Responsibilities; Ensuring effective litigation management and alternative dispute resolution. 24d ago. Browse and apply over 1763 Responsible officer jobs on JobsDB Hong Kong. Membership & Contributions Officer. %%EOF 28 of 1996 (as amended by Act No, 27 of 2005) and the Insurance Act No. The Guidance Note for Responsible Officer Guidance Note for Responsible Officer – Revised December 2018 3 | Page If the Responsible Officer has committed a breach pursuant to sections 2(3)(b) and 123(1) of the Insurance Act, the Commission may impose penalties as prescribed. For each DRLP provided, the following information is required: Last Name: The last name of the producer. Insurance and Trust Responsible Officer / Manager. Commissioner of Insurance & Chief Executive Officer Insurance Regulatory Authority Zep-Re Place P.O Box 43505-00100, Email: careers@ira.go.ke, Nairobi . Insurance execution experience. New jobs everyday means new opportunities. Box 22855, Kampala. 0 All rights reserved. 81 0 obj <> endobj …, Operational Responsible Officer (Type 1 & 4), US Qualified Legal Counsel (Capital Market/Banking/Trust), HK Qualified Legal Counsel (Capital Market/Banking/Trust), Compliance Manager (SFC Licensed Corp - Type 1, 4 and 9), Investment / Brokerage Product Manager - Global Private Banking, Citi Private Bank - Trust Wealth Planner, Associate, Senior Manager, Asia Compliance, Leading Insurance Group, In-Business Equities Risk Manager - Vice President, Report to the CEO and provide support to the Group’s insurance brokerage businesses, Lead the insurance team in achieving sales quota and ensuring compliance with the relevant laws, rules and regulations, Deal with regulators on insurance brokerage matters, Work and coordinate with different departments to ensure smooth operation of insurance brokerage business, Oversee and review the work of other insurance team members, Identify new business opportunities, develop business strategies and ensure the implementation of business strategies, marketing plans and product launches, Periodic review of insurance brokerage businesses, products and services, set improvement plans and ensure implementation, Setup and update policies, procedures and controls to ensure compliance with all applicable laws, rules, regulations, codes, guidelines and other regulatory requirements, Bachelor degree or above with major in finance or business or law, Passing of HKSI Paper 1, 7, 8 and IIQE Paper I, II, III, V licenses are MUST, An eligible Responsible Officer approved by Insurance Authority, 5 - 10 years’ experience in insurance industry, including at least 2 years’ management experience, Satisfy “fit and proper” test imposed by Insurance Authority, Experience in seeking out opportunities to build the brand, Experience in leading a team to achieve sales goals, Familiar with the insurance brokerage related laws, rules and regulations, Results oriented and be accountable for his/her team’s work, Experience in developing the markets in the Greater China Region. Job Functions Insurance / Banking / Finance / Insurance Agent / Broker / Others / 14 Details Distribution & Payment 12 . Insurance Connector Authority (the Authority), which comprise the statement of net position as of June 30, 2014, and the related statements of revenues, expenses and changes in net position and cash flows for the year then ended, and the related notes to the financial statements, and have issued our report thereon dated December 23, 2014. The head of the Office of Insurance Regulation is th… Law enforcement officers have different insurance needs than civilians. June 26, 2020 The Pensions and Insurance Authority is the regulatory and supervisory authority for the pensions and insurance industry in Zambia as provided the Pensions Scheme Regulation Act No. Browse and apply over 1763 Responsible officer jobs on JobsDB Hong Kong. On 23 September 2019, the Insurance Authority (IA) succeeded the three self-regulatory organisations in the regulation of insurance intermediaries. Create job alert to receive latest Responsible officer jobs. Duties and Applications of Responsible Officers. The division is recognized throughout the industry for customer service and license application turnaround time. The Insurance Regulatory Authority is a State Corporation established under the Insurance Act, Cap 487 of the Laws of Kenya with the mandate to regulate, supervise and promote development of the insurance industry in Kenya. Payment during illness will be subject to the officer making the necessary claims for social insurance benefit to the June 26, 2020 The Pensions and Insurance Authority is the regulatory and supervisory authority for the pensions and insurance industry in Zambia as provided the Pensions Scheme Regulation Act No. licensed insurance agency or a licensed insurance broker company should have responsible officer (“ROs(s)”) approved by the Insurance Authority ”) to (“IA supervise its carrying on of regulated activitiesunder the IO ( hereafter referred as “insurance regulated activities”)and to ensure , proper controls and that The Producer Licensing Division of the Insurance Commissioner’s Office is responsible for the administration of producer (insurance agent) licensing, renewals, appointments, continuing education, producer investigations, and insurer licensing market conduct issues. 13 Insurance and Retirement 11 . Insurance Responsible Officer Responsibilities: - Identify and recommend appropriate insurance products to map with client needs - Work with Wealth Managers to perform client-centered portfolio review and design to ascertain the client's capacity for risk. For submission via email, please indicate the subject of the email as “[Full name of Insurance Agency]: Application for Approval of Responsible Officer… Email to: ira@ira.go.ug NB: Only shortlisted candidates will be contacted Deadline: 7th September 2020 by 5:00 pm ... the parties to this Agreement consider themselves mutually responsible to establish stable and meaningful relations based upon this Agreement; now . Responsible for ensuring that procurement and supplies processes are carried out effectively and efficiently to achieve the Authority’s objectives. ~��n;�Ӷ��@�PǤ��oHyZm��fպ��_ �z�+ �D��j��ݟ�. Responsible Officer (Insurance Brokerage Company licensed with Insurance Authority), Responsible Officer (Insurance Brokerage Company 113 0 obj <>stream Principal Accountabilities: The role will be responsible for the registration of new members once they are fully accredited. A Designated/Responsible Licensed Producer (DRLP) must, at minimum hold (or cumulatively hold if there are multiple DRLPs) the lines of authority that the business entity itself is applying for. 101 0 obj <>/Filter/FlateDecode/ID[<867968792997624FB442EEC830CDEDEF>]/Index[81 33]/Info 80 0 R/Length 96/Prev 89223/Root 82 0 R/Size 114/Type/XRef/W[1 3 1]>>stream Procurement Officer Jobs, Procurement Jobs In Kenya, Insurance Regulatory Authority Jobs. Also responsible for strategic initiatives for both the EIA and it's captive insurance company, the Excess Insurance Organization. An eligible Responsible Officer approved by Insurance Authority; 5 - 10 years’ experience in insurance industry, including at least 2 years’ management experience; Satisfy “fit and proper” test imposed by Insurance Authority; Experience in seeking out opportunities to build the brand; Experience in leading a team to achieve sales goals The Chief Executive Officer Insurance Regulatory Authority of Uganda Plot 5 Kyadondo Road, Legacy Towers, Block B, 2nd Floor P.O. The Government announced today (May 5) the appointment of senior executives of the Insurance Authority (IA). ��KRF�,ˠ��o�I;�H@��T��9B[��֬T�J�fD��0�([F��. Insurance Responsible Officer Responsibilities: - Identify and recommend appropriate insurance products to map with client needs - Work with Wealth Managers to perform client-centered portfolio review and design to ascertain the client's capacity for risk. For each DRLP provided, the following information is required: Last Name: The last name of the producer. Experience in managing trust company. Responsible officers and senior management must take notice and gain a clear understanding of the requirements under the Insurance Ordinance (Cap 41) (the Ordinance) and the expectations of the IA. Since joining VMIA in 2015, Andrew has led the continued development of VMIA’s risk and insurance offering, and, formerly as Chief Insurance Officer, was responsible for the Authority’s insurance, reinsurance, claims and insights activities. h�bbd```b``: "��d�dQ�k��t$��d6�9��`�z��H�H� &́$㺓@��mE&��d��~0 �l : Appointment of a Responsible Officer 2. The primary mission of the Division of Insurance (DOI) is to monitor the solvency of its licensees in order to promote a healthy, responsive and willing marketplace for consumers who purchase insurance products. Box 22855, Kampala. endstream endobj startxref And, this requirement is even easier to overlook when prospective buyers of an insurance agency consider officer changes while preparing a change of … Content. Create job alert to receive latest Responsible officer jobs. Attorney General Maura Healey is the chief lawyer and law enforcement officer of the Commonwealth of Massachusetts. Email to: ira@ira.go.ug NB: Only shortlisted candidates will be contacted Deadline: 7th September 2020 by 5:00 pm September 24, 2015 The role of the insurance compliance officer has evolved from a purely advisory role into a proactive one with internal audit characteristics in … It will also be responsible for ensuring that the Authority receives contributions from all registered members of the Scheme. It comes with the high-risk, high-touch job. h�b```�VV~Ad`��0p48L��4ف�aH��;�eCP��*lL�끴�E��_3|d2`��W��LL�]��N�Ÿb;Si7�fd``�wS�D�1 � 8� The insurance industry obtains client’s data which need protection to prevent instances of leakage and cyber-attacks. Hong Kong Insurance Authority 19th Floor, 41 Heung Yip Road Wong Chuk Hang Hong Kong 10. A Designated/Responsible Licensed Producer (DRLP) must, at minimum hold (or cumulatively hold if there are multiple DRLPs) the lines of authority that the business entity itself is applying for. The role of the insurance compliance officer has evolved from a purely advisory role into a proactive one with internal audit characteristics in the last few years according to a white paper by Ethical Corporation, a global business publication. If an officer is sued, does the department cover these costs, or will the officer be responsible? endstream endobj 82 0 obj <>/Metadata 8 0 R/PageLayout/OneColumn/Pages 79 0 R/StructTreeRoot 14 0 R/Type/Catalog>> endobj 83 0 obj <>/ExtGState<>/Font<>/XObject<>>>/Rotate 0/StructParents 0/Type/Page>> endobj 84 0 obj <>stream The Florida Legislature created the Office of Insurance Regulation (Office) in 2003: “The Office of Insurance Regulation, which shall be responsible for all activities concerning insurers and other risk bearing entities, including licensing, rates, policy forms, market conduct, claims, issuance of certificates of authority, solvency, viatical settlements, premium financing, and administrative supervision, as provided under the insurance code or chapter 636. The Chief Executive Officer Insurance Regulatory Authority of Uganda Plot 5 Kyadondo Road, Legacy Towers, Block B, 2nd Floor P.O. Mighty Divine (HK) Limited. Responsible to the Corporation Secretary/Chief Manager Legal Affairs for effective review and interpretation of the Insurance Act and other Statutes. The official website of Massachusetts Attorney General Maura Healey. Electronic copies can be emailed to agy.lic@ia.org.hk. (��u��}a��Mռ��4� ��|�/�_��?��& ��2�� / Responsible Officer, as defined in the Act, is an individual who is responsible for the daily ... • the Responsible Officer has the requisite authority to effectively manage the day ... of the Insurance Act, the Commission may impose penalties as prescribed. Responsible officers must have sufficient authority to supervise the business of the regulated activity for which they are approved. ... officer of authority affecting members … This Form should be completed by a principal intermediary who would like to apply for approval of an individual as a responsible officer. The Functions and general duties of a Responsible Officer 3. The Insurance Regulatory Authority is a State Corporation established under the Insurance Act, Cap 487 of the Laws of Kenya with the mandate to regulate, supervise and promote development of the insurance industry in Kenya. Financial Supervisory Authority of Estonia (Finantsinspektsioon in Estonian) Bank of Estonia (Eesti Pank in Estonian) Faroe Islands - Insurance Authority of the Faroe Islands (Tryggingareftirlitið in Faroese) (For Insurance, Pension and mortgages all other finance is regulated by Financial Supervisory Authority … The stakeholders rely on the Audit Committee for an independent and objective view of the institution's risks and effectiveness of the risk management processes. ?��-I>﷮_ޅ:Q�q�H��z0]N�۵c��{��Y1��-��Ć��ҷͲ]��-�X7��i��]� E��b`%�U;��O=汀 PB��CSC0��PwL�Z�wݵR�M:)��3��r;�@ ! Global life and non-life insurance products. Insurance REGULATION OF INSURANCE INTERMEDIARIES AND AUTHORISED INSURERS BY THE HONG KONG INSURANCE AUTHORITY – INCREASED FOCUS ON RESPONSIBLE OFFICERS AND SENIOR MANAGEMENT On 23 September 2019, the Insurance Authority (IA) succeeded the three self-regulatory organisations in the regulation of insurance intermediaries. © 2021. 28 of 1996 (as amended by Act No, 27 of 2005) and the Insurance Act No. ... Chief Member Services Officer at CSAC Excess Insurance Authority. Drafting of leases, contracts, agreements and other legal documents. New jobs everyday means new opportunities.