- 5
THURSDAY, OCTOBER 31, 1991
WILL
PROGRAMMES SATELLITE WORLD OR
NAMELY TVB AND ATV, "THE TERRESTRIAL TV BROADCASTERS, CONTINUE TO PROVIDE MASS ENTERTAINMENT AND INFORMATION THAT APPEAL TO A WIDE CROSS-SECTION OF THE COMMUNITY, WHILE AND PAY TV WILL BRING IN PROGRAMMES FROM OTHER PARTS OF THE OF A MINORITY NATURE, TO CATER TO SPECIAL INTEREST AND TASTE.
ITS REVENUE FROM SUFFICIENT RETURNS TO
"AS EACH FORM OF TV BROADCASTING IS DRAWING DISTINCTLY DIFFERENT SOURCES, THERE SHOULD BE MAKE THEIR OPERATION VIABLE.
FOR A REGULATORY FORMS OF TV BROADCASTERS то
MR SO ADDED.
"OUR OVERALL POLICY OBJECTIVE IS TO PROVIDE FRAMEWORK THAT WOULD ENABLE ALL THREE CO-EXIST IN A HEALTHY COMPETITIVE ENVIRONMENT,
0
-
KEY ROLE OF APPOINTED ACTUARY TO BE REINFORCED
IS CURRENTLY
TAKING MEASURES
TO
EFFORT FROM
THE INSURANCE AUTHORITY REINFORCE THE KEY ROLE OF THE APPOINTED ACTUARY AS PART OF THE
ENSURE THAT THE INSURANCE INDUSTRY IS HEALTHY AND SUCCESSFUL
AND VIEW OF BOTH THE
THE SUPPLIER, POINTS
CUSTOMER OF COMMISSIONER OF INSURANCE, MR DEREK SULLIVAN, SAID TODAY (THURSDAY).
TO
THE
THE.
SPEAKING AT THE OPENING CEREMONY OF THE LIFE OFFICE MANAGEMENT ASSOCIATION CONFERENCE, MR SULLIVAN, WHO IS ALSO THE SUPERVISORY INSURANCE AUTHORITY, SAID THE KEY FEATURE OF HONG KONG'S
APPROVED SYSTEM WAS THE REQUIREMENT FOR A LIFE INSURER TO APPOINT AN ACTUARY, THE APPOINTED ACTUARY (AA).
THE AA HAS AN ONGOING RESPONSIBILITY TO ADVISE, EXAMINE COUNSEL AN INSURER ON ITS CURRENT AND FUTURE OPERATION.
AND
IS
MATTERS,
BY
"UNDER THE AA SYSTEM, GREATER FLEXIBILITY OF SUPERVISION POSSIBLE THAN THAT
WHERE ALL UNDER A AVAILABLE
SYSTEM INCLUDING RESERVES AND
ARE PRESCRIBED POLICY CONDITION, REGULATION," MR SULLIVAN SAID.
OF
THE AA, ALTHOUGH PERHAPS AN OUTSIDE CONSULTANT OR AN EMPLOYEE PERSON WITH STATUTORY A THE
BECOMES ON APPOINTMENT INSURER, STATUTORY RESPONSIBILITIES IN ADDITION TO ANY RESPONSIBILITIES HE HAVE TO HIS PROFESSION AND IN PARTICULAR HIS PROFESSIONAL BODY.
MAY
OF
THE
"THE BOTTOM LINE IN TERMS OF THE AA'S RESPONSIBILITIES IS COURSE ENSURING THAT THE ONGOING COUNSELLING AND ADVICE GIVEN TO INSURER IS CONSISTENT WITH THAT INSURER'S CONTINUED FINANCIAL HEALTH, MR SULLIVAN SAID.
ON THE MEASURES IN REINFORCING THE AA'S KEY ROLE, MR SULLIVAN AUTHORITY AND THE SAID CURRENT DISCUSSIONS BETWEEN THE INSURANCE
THE ASSOCIATION ACTUARIAL ASSOCIATION OF HONG KONG SHOULD RESULT IN PRODUCING FIRM GUIDELINES TO ACTUARIES ON THE AA'S ROLE.
/"THESE GUIDELINES