Bills Committee on Insurance (Amendment) Bill 2023
Mr CHAN Chun-ying:
Expressing support for the Bill
Rationale for implementing a risk-based capital (“RBC”) regime for the insurance industry and the operation of the regime
Reasons why Pillar 2 (corporate governance and risk management) of the framework of the RBC regime would not be subject to regulation through legislation
Capital requirements under the RBC regime
Tax arrangements to tie in with the implementation of the RBC regime and how such arrangements compared with those implemented in other tax jurisdictions