1
Commissioner for Insurance (D4)
Main Duties and Responsibilities
1.
2.
3.
4.
Administration of the Insurance Companies Ordinance. in his role as the statutory Insurance Authority;
Overall planning and policies for prudential supervision of the Hong Kong insurance industry, recommending necessary changes to the law and supervising the implementation of the law;
Advising the Secretary for Monetary Affairs on all aspects in the regulation of the Hong Kong insurance industry;
Liaising with overseas regulatory authorities for developing or promoting international co-operation in the effective supervision of insurers or combatting insurance frauds;
5.
6.
Planning the legislation, administrative system, and additional resources required for the future introduction of regulation of private retirement schemes, and the administration of such after implementation; and
Overall management and control of all staff and resources of the Office of the Commissioner for Insurance.
(R16-1sk)