Regulation and Taxation (Hong Kong Version)

Professional Development E-Courses

  • External
  • Technical


The Regulation and Taxation (Hong Kong version) e-Course gives you an overview of the regulatory environment of life and annuity insurance in Hong Kong, U.S. and Canada, with a special emphasis on how it impacts actuaries. You'll learn which government agencies regulate insurance and annuity products and why.

Course Outline

Section 1: Overview 
Section 2: Solvency Regulation 
Section 3: Market Regulation 
Section 4: Other Regulations Affecting Product Design 
Section 5: Taxation-Revenue Collection 
Section 6: Other External Forces 
Section 7: Wrap-up 
Section 8: End-of-Course Test

Learning Objectives

After completing this e-Course, you should be able to:

  • Explain the purpose of regulation and taxation.
  • Identify the regulatory and tax environments for insurance and annuities.
  • Describe the types of regulations of insurance and annuities in Hong Kong, U.S. and Canada.
  • Define how the taxation of insurance and annuities affects product development, reserving, pricing and business practices.


  • Individuals engaged in the actuarial profession at any level looking to fulfill their CPD requirement.
  • Other professionals interested in or impacted by important topics related to the actuarial field.

Resource Materials

The following books are resources are referenced in the e-Course. While these materials are not required, they're recommended to enhance the e-Course learning experience:

  • Allen, Sharon B., Mary C. Bickley, Dennis W. Goodwin, Jennifer W. Herrod, Patsy Leeuwenburg, 2003.  Life and Health Insurance Marketing.  Third Edition. LOMA, Atlanta, GA. (Chapter 3 only).
  • McQueen, Rod. 1996.  Who Killed Confederation Life? The Inside Story . McClelland & Stewart. (This book is out-of-print, but full text is provided in PDF format within the module. Used, hard copies of the book are available for purchase via the Internet).

Notes :

  • This e-Course may be suitable to meet the Basic Requirement provisions of Section B of the SOA CPD requirement.
  • This e-Course may also be suitable to meet the provisions of an Alternative Compliance standard (please consult the appropriate standard).
  • This e-Course is for professional development. It's not intended to substitute for any professionalism requirements for the ASA, CERA or FSA credentials. If you wish to register for an e-learning module to attain a designation, please visit the  e-Learning module Web page .
  • Ultimately, it's an actuary's responsibility to make a reasonable, good-faith determination of what continuing education opportunities will enhance his or her ability to practice in a desired field. For more information on continuing education requirements, visit .




Demonstrating the listening, writing and speaking skills required to effectively address diverse technical and nontechnical audiences in both formal and informal settings.

Professional Values

Adhering to standards of professional conduct and practice where all business interactions are based on a foundation of integrity, honesty and impartiality.

External Forces & Industry Knowledge

Identifying and incorporating the implications of economic, social, regulatory, geo-political and business changes into the design and delivery of actuarial solutions.


Initiating, innovating, inspiring, creating or otherwise acting to influence others regardless of level or role toward a common goal.

Relationship Management & Interpersonal Collaboration

Creating mutually beneficial relationships and work processes toward a common goal.

Technical Skills & Analytical Problem Solving

Applying the actuarial knowledge, skills and judgment required to provide value-added services.

Strategic Insight & Integration

Anticipating trends and strategically aligning actuarial practice with broader organizational business goals.

Results-Oriented Solutions

Providing effective problem solving that addresses relevant interests and needs.