Appointment to Industry Advisory Committee on General Business of Insurance Authority
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Welcoming the appointment, the Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, "Members of the IAC offer advice to the Insurance Authority (IA) on matters pertaining to the development of the insurance industry. The appointment of Mr Cheong will add diversity of expertise to the IAC."
Mr Hui also expressed gratitude to Ms Penny Randall Seach, the outgoing member of the IAC on General Business, for her contribution during her tenure.
The IAC on General Business is a statutory committee established under the Insurance Ordinance (Cap. 41). The Ordinance stipulates that other than the chairperson, the chief executive officer and not more than two other executive directors of the IA, members of an IAC should include eight to 12 other persons with knowledge of or experience in the insurance industry, the conduct of regulated activities and consumer affairs. They are appointed by the Financial Secretary after consultation with the IA.
Ends/Tuesday, June 29, 2021
Issued at HKT 15:00
Issued at HKT 15:00
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