Insurance Sector
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= Chinese
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 =Portuguese
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*
The English version is for reference only. The Chinese and Portuguese
versions are the official versions.
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** The laws/notices
below are in Adobe Acrobat format (.pdf).
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Main Regulation On Insurance Activity And Private Pension Funds
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Macau Insurance Ordinance
(Decree-Law no. 27/97/M, 30 June 1997)
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Insurance Agents & Brokers Ordinance
(Decree-Law no.
38/89/M, 5 June 1989 - Republished by Administrative Order no.27/2001 of 28
June
2001)
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Amendments
to the legal framework for the carrying on of insurance intermediary business
(Decree-Law no.
14/2003, 6 May 2003)
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Legal framework for Private Pension Funds
(Decree-Law no. 6/99/M, 8 February 1999)
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Amendments to the Legal Framework of
Private Pension Funds
(Law no. 10/2001, of 2 July 2001)
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Compulsory Insurances
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Motor Vehicles
Insurance (Third Party Risks) Ordinance
(Decree-Law no. 57/94/M, 28 November 1994)
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Employees'
Compensation Insurance Ordinance
(Decree-Law no.
40/95/M, 14 August 1995)
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Employees' Compensation Insurance Tariff
Rates
(Applicable
from 1 April 1999 up to 31 December 2006)
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Revision of compensation limits established under Article 28 paragraph 2 b),
Article 41 paragraph 5 a)
and b), Article 47 paragraph 2, Article 50 paragraph
4 and Article 51 paragraph 1 of the Employees'
Compensation Insurance
Ordinance
(Executive Order No. 48/2006, of 16 November)
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Increase of 4.0% in the amount of premium calculated by applying the
tariff rates set out in Chapter II
of the Employees' Compensation Insurance
Tariff approved by the Executive Order n.º 236/95/M, of 14
August, and revised
by Executive Order No. 95/99/M, of 29 March
(Executive Order No. 49/2006, of 16 November) |
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Employees' Compensation Insurance Tariff
Rates
(Applicable
from 1 January 2007)
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Amendment
to the Employees' Compensation Insurance
Ordinance
(Law
No. 6/2007, of 11 December 2007)
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Public Liability Insurance relation to
the fixing of Propaganda & Publicity Material
(Decree-Law no. 38/96/M, 15 July 1996)
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Third Party Liability
Insurance for Pleasure Boats
(Decree-Law no.
104/99/M, 13 December 1999)
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Professional
Liability Insurance for Travel Agencies
(Executive Order no. 263/99/M, 14 June 1999)
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Amendment to the Executive Order No. 263/99/M - Uniform Policy of the Professional Liability
Insurance for Travel Agencies
(Executive Order No. 25/2007, of 30 May 2007)
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Tariff rates for Professional Liability Insurance for Travel Agencies
(Executive Order no. 265/99/M, of 14 June 1999) |
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Amendment to the Employees' Compensation Insurance Ordinance
(Law No. 12/2001, of 6 August 2001)
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Amendment to Article 5 paragraph 2 of the Uniform Policy for the
Employees' Compensation
Insurance
(Executive Order No. 32/2001, of 7 August 2001)
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Uniform Policy for Third Party Liability
Insurance for Pleasure Boats
(Administrative Order no. 24/2003, 10
July) |
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Establishment
of Compulsory Professional Liability Insurance for Lawyers
(Administrative Regulation Nº 39/2003,
4 December 2003) |
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Uniform
Policy for Compulsory Professional Liability Insurance for Lawyers
(Administrative Regulation Nº 40/2003,
4 December 2003) |
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Tariff
of Premiums for Compulsory Professional Liability Insurance for Lawyers
(Administrative Regulation Nº 41/2003,
4 December 2003) |
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Tariff
Rates for the Third Party Liability Insurance for Pleasure Boats
(Administrative Regulation no. 3/2004, 14 January 2004) |
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Revision of compensation limits established under Article 47 paragraph 2 and Article 50 paragraph 4 of the Employees' Compensation
(Executive Order No. 48/2007, of 14 December) |
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Increase of 5.0% in the amount of premium calculated by applying the tariff rates set out in Chapter II of the Employees' Compensation Insurance Tariff approved by the Executive Order N.º 236/95/M, of 14 August, and revised by Executive Order No. 49/2006, of 16 November
(Executive Order No. 49/2007, of 14 December) |
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Employees' Compensation Insurance Tariff Rates
(Applicable from 1 January 2008) |
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Increase of 5.0% in the amount of premium calculated by applying the tariff
rates set out in Chapter II of the Employees' Compensation Insurance Tariff
approved by the Executive Order N.º 236/95/M, of 14 August, and revised by
Executive Order No. 49/2007, of 14
December
(Executive Order No. 40/2008, of 14
November) |
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the Employees' Compensation Insurance Ordinance
(Executive Order No. 41/2008, of 14
November) |
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Employees' Compensation Insurance Tariff Rates
(Applicable from 1 January 2009) |
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Employees' Compensation Insurance Tariff Rates
(Applicable from 1 January 2010) |
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Notices In Force From AMCM
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Valuation criteria to
be observed by insurers in respect of their assets & liabilities
(Notice no. 3/1990 -
AMCM, March 1990)
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Refusal to accept
motor insurance contracts
(Notice no. 5/1995 -
AMCM, May 1995)
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Refusal
to accept Employees' Compensation Insurance contracts
(Notice No. 006/1996 -
AMCM, April 1996) |
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Conditions to be met by actuaries of closed pension funds
(Notice no. 8/2000 - AMCM, November 2000)
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Individual or collective membership of open pension funds
(Notice no. 9/2000 - AMCM, November 2000)
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Rules for financial, technical and actuarial management of
pension funds
(Notice no. 14/2000 - AMCM, December 2000)
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Certification of appointed actuary of closed pension funds
(Notice no. 5/2001 - AMCM, March 2001)
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Determination of loss ratio variation
reserve of credit insurance (commercial risks)
(Notice No. 7/2001 - AMCM, May
2001)
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Guidelines for issuing insurance
policies to nonresidents in the Macao Special Administrative Region
(Notice No. 9/2001 - AMCM,
August 2001)
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Rules for admission of
depositories of pension funds
(Notice No. 10/2001 - AMCM,
August 2001)
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Utilization of derivatives in
pension funds
(Notice No. 14/2001 - AMCM,
October 2001)
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Control of the maximum number of
insurance companies to whom the insurance agents render their
services
(Notice No. 19/2001 - AMCM, December 2001)
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Certificate awarded to insurance
intermediaries for passing the examinations
(Notice No. 10/2002 - AMCM, May 2002)
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Inclusion
of Macau Institute of Financial Services in the list of institutions considered
competent by
the AMCM and the levels of passing for the purpose of exemption
from the Insurance Intermediaries
Qualifying Examinations
(Notice No. 06/2003 - AMCM, February 2003)
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Standard
illustrations for life insurance policies
(Notice No. 07/2003
- AMCM, March 2003)
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"Cooling-off" rights for
purchasers of life insurance policies
(Notice No. 08/2003
- AMCM, March 2003)
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Guidelines for life
insurance replacement
(Notice No. 10/2003
- AMCM, March 2003)
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Alteration of the effective date of
enactment of four notices
(Notice No. 17/2003 - AMCM, June 2003)
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Amendment
to the "Customer protection declaration for purchasers of life
Insurance"
(Notice No. 20/2003
- AMCM, July 2003)
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Supervisory fees of insurance
companies for year 2004
(Notice No. 22/2004 - AMCM, December 2004)
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Registration fees of insurance intermediaries
for the year 2005
(Notice No. 23/2004 - AMCM, December 2004)
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Calculation of Unearned Premium
Reserve on an overall basis
(Notice No. 24/2004 - AMCM, December 2004)
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List
of authorised insurance companies and private pension fund managers
(Notice
No. 004/2005 - AMCM, January 2005)
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Calculation
of the amount of margin of solvency
(Notice
No. 005/2005 - AMCM, January 2005)
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Composition
of assets guaranteeing the technical reserves
(Notice
No. 006/2005 - AMCM, January 2005)
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List of intermedaries authorised to conduct
insurance intermediary business in Macau and their
respective registration
numbers
(Notice No. 007/2005 - AMCM, June 2005)
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List of institutions considered competent
by the AMCM and the level of passing for the purpose of
exemption from the
insurance intermediary qualifying examinations
(Notice No. 008/2005 - AMCM, June 2005)
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Composition
and valuation of assets constituting the patrimony of pension funds
(Notice
No. 010/2005 - AMCM, August 2005)
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Commissions payable to insurance
intermediaries under compulsory and facultative insurances
(Notice No. 12/2005 - AMCM, October 2005)
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Supervisory fees of insurance companies for year 2005
(Notice No. 13/2005 - AMCM, December 2005) |
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Registration fees of insurance intermediaries for the year 2006
(Notice No. 14/2005 - AMCM, December 2005) |
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Calculation of Unearned Premium Reserve on an overall basis
(Notice No. 15/2005 - AMCM, December 2005) |
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List
of authorised insurance companies and private pension fund managers
(Notice
No. 002/2006 - AMCM, January 2006) |
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Composition
of assets guaranteeing the technical reserves
(Notice
No. 003/2006 - AMCM, January 2006) |
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Calculation
of the amount of margin of solvency
(Notice
No. 004/2006 - AMCM, January 2006) |
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List of intermedaries authorised to conduct insurance intermediary business in
Macau and their
respective registration numbers
(Notice No. 006/2006 - AMCM, June 2006) |
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List of institutions considered competent by the AMCM and the level of
passing for the purpose of
exemption from the insurance intermediary
qualifying examinations
(Notice No. 007/2006 - AMCM, June 2006) |
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Commissions payable to insurance intermediaries
under compulsory and facultative insurances
(Notice No. 10/2006 - AMCM, October 2006) |
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Guidelines on prevention and combating of money laundering and financing of
terrorism in insurance
(with the amendments made by Notice No. 12/2006 - AMCM, of 11 October and
the new report form to
be effective from 29 January 2007) |
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Calculation of Unearned Premium Reserve on an
overall basis
(Notice No. 13/2006 - AMCM, October 2006) |
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Supervisory fees of insurance companies for
year 2006
(Notice No. 14/2006 - AMCM, December 2006) |
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Registration fees of insurance intermediaries
for the year 2007
(Notice No. 15/2006 - AMCM, December 2006) |
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List
of authorised insurance companies and private pension fund managers
(Notice
No. 002/2007 - AMCM, January 2007) |
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Composition
of assets guaranteeing the technical reserves
(Notice
No. 003/2007 - AMCM, January 2007) |
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Calculation
of the amount of margin of solvency
(Notice
No. 004/2007 - AMCM, January 2007) |
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List of intermedaries authorised to conduct
insurance intermediary business in Macau and their
respective registration numbers
(Notice No. 006/2007 - AMCM, June 2007) |
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List of institutions considered competent by
the AMCM and the level of passing for the purpose
of exemption from the insurance intermediary qualifying examinations
(Notice No. 007/2007 - AMCM, June 2007) |
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Supervision
of insurance activity - Guaranteeing of technical reserves involving
abnormally high
claims
or in case of fronting
(Notice
No. 008/2007 - AMCM, June 2007) |
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Commissions
payable to insurance intermediaries under compulsory and facultative
insurances
(Notice
No. 010/2007 - AMCM, October 2007) |
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Supervisory fees of insurance companies for year 2007
(Notice No. 12/2007 - AMCM, December 2007) |
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Calculation of Unearned Premium Reserve on an overall basis
(Notice No. 13/2007 - AMCM, December 2007) |
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Registration fees of insurance intermediaries for the year 2008
(Notice No. 14/2007 - AMCM, December 2007) |
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List
of authorised insurance companies and private pension fund managers
(Notice
No. 002/2008 - AMCM, January 2008) |
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Composition
of assets guaranteeing the technical reserves
(Notice
No. 003/2008 - AMCM, January 2008) |
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Calculation
of the amount of margin of solvency
(Notice
No. 004/2008 - AMCM, January 2008) |
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Guidelines on the use of Internet for insurance activities
(Notice No. 006/2008 - AMCM, February 2008) |
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List of institutions considered competent by the AMCM and the level of passing for the purpose of exemption from the insurance intermediary qualifying examinations
(Notice No. 007/2008 - AMCM, June 2008) |
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List of intermediaries authorised to conduct insurance intermediary business in Macau and their respective registration numbers
(Notice No. 008/2008 - AMCM, June 2008) |
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Guidelines on prevention and combating money laundering and financing of
terrorism in insurance
(Notice No. 009/2008 - AMCM, June 2008) |
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Commissions payable to insurance intermediaries under compulsory and
facultative insurances
(Notice No. 011/2008 - AMCM,
October 2008) |
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Calculation of Unearned Premium Reserve on an overall basis
(Notice No. 12/2008 - AMCM, December 2008) |
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Supervisory fees of insurance companies for year 2008
(Notice No. 13/2008 - AMCM, December 2008) |
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Registration fees of insurance intermediaries for the year 2009
(Notice No. 14/2008 - AMCM, December 2008) |
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List of authorised insurance companies
and private pension fund managers
(Notice No. 002/2009 - AMCM, January 2009) |
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Composition of assets guaranteeing the
technical reserves
(Notice No. 003/2009 - AMCM, January 2009) |
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Calculation of the amount of margin of
solvency
(Notice No. 004/2009 - AMCM, January 2009) |
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Rules for admission of
depositories of pension funds
(Notice
No. 006/2009 - AMCM,
January 2009)
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Composition
and valuation of assets constituting the patrimony of pension funds
(Notice
No. 007/2009 - AMCM, January 2009)
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List of intermediaries authorised to conduct insurance intermediary business in Macau and their respective registration numbers
(Notice No. 008/2009 - AMCM, June 2009) |
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List of institutions considered competent by the AMCM and the level of passing for the purpose of exemption from the insurance intermediary qualifying examinations
(Notice No. 009/2009 - AMCM, June 2009) |
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Commissions
payable to insurance intermediaries under compulsory and facultative
insurances
(Notice No. 013/2009 - AMCM,
October 2009) |
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Guidelines
issued to authorised insurance institutions on handling of complaints from
policyholders, customers and third parties
(Notice No. 014/2009
- AMCM, November 2009) |
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Calculation of Unearned Premium Reserve
on an overall basis
(Notice No. 015/2009
- AMCM, December 2009) |
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Supervisory fees of insurance companies
for year 2009
(Notice No. 016/2009
- AMCM, December 2009) |
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Registration fees of insurance
intermediaries for the year 2010
(Notice No. 017/2009
- AMCM, December 2009) |
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Circulars And Announcements
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Private pension funds
and tax exemptions
(12 December 2002)
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Public consultation document on the proposed amendment to “Insurance Contract Law” contained in
the Commercial Code
(December
2007)
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Policy
statement on the handling of complaints against insurance companies,
insurance intermediaries and private pension fund management companies
(August
2008)
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Other Guidelines
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Indicators
of suspicious transactions of money laundering in insurance and Specific cases
and
examples of money laundering involving insurance
(February
2006)
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Standard form of Suspicious Transaction Report
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Last Updated: 2009-12-23
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