4 Oct 2006
RE SUN LIFE FINANCIAL (HONG KONG) LTD
- Citation
- RE SUN LIFE FINANCIAL (HONG KONG) LTD
- Court
- Court of First Instance
- Case number
- HCMP1416/2006
The scheme was sanctioned because the independent actuary concluded it would have no adverse effect on transferring or existing policy holders, statutory procedural and substantive requirements under section 24 were satisfied, the Insurance Authority's comments were addressed, solvency margins post-transfer remained well above the statutory minimum and the litigation risks identified were immaterial to policy holder security.