Insurance Sector

 

                                                      = Chinese

                   =Portuguese

 

* The English version is for reference only. The Chinese and Portuguese versions are the official versions.

** The laws/notices below are in Adobe Acrobat format (.pdf).

 

Main Regulation On Insurance Activity And Private Pension Funds

 Macau Insurance Ordinance

 (Decree-Law no. 27/97/M, 30 June 1997)

 Insurance Agents & Brokers Ordinance

 (Decree-Law no. 38/89/M, 5 June 1989 - Republished by Administrative Order no.27/2001 of 28 June
 2001)

 Amendments to the legal framework for the carrying on of insurance intermediary business

 (Decree-Law no. 14/2003, 6 May 2003)

 Legal framework for Private Pension Funds

 (Decree-Law no. 6/99/M, 8 February 1999)

 Amendments to the Legal Framework of Private Pension Funds

 (Law no. 10/2001, of 2 July 2001)

 

 

 

Compulsory Insurances

 Motor Vehicles Insurance (Third Party Risks) Ordinance

 (Decree-Law no. 57/94/M, 28 November 1994)

 Employees' Compensation Insurance Ordinance

 (Decree-Law no. 40/95/M, 14 August 1995)

 Employees' Compensation Insurance Tariff Rates

 (Applicable from 1 April 1999 up to 31 December 2006)

 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)

 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)

 Employees' Compensation Insurance Tariff Rates

 (Applicable from 1 January 2007)

 Amendment to the Employees' Compensation Insurance Ordinance

 (Law No. 6/2007, of 11 December 2007)

 Public Liability Insurance relation to the fixing of Propaganda & Publicity Material

 (Decree-Law no. 38/96/M, 15 July 1996)

 Third Party Liability Insurance for Pleasure Boats

 (Decree-Law no. 104/99/M, 13 December 1999)

 Professional Liability Insurance for Travel Agencies

 (Executive Order no. 263/99/M, 14 June 1999)

 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)

 Tariff rates for Professional Liability Insurance for Travel Agencies
 (Executive Order no. 265/99/M, of 14 June 1999)

 Amendment to the Employees' Compensation Insurance Ordinance
 (Law No. 12/2001, of 6 August 2001)

 Amendment to Article 5 paragraph 2 of the Uniform Policy for the Employees' Compensation
 Insurance
 (Executive Order No. 32/2001, of 7 August 2001)

 Uniform Policy for Third Party Liability Insurance for Pleasure Boats
 (Administrative Order no. 24/2003, 10 July)

 Establishment of Compulsory Professional Liability Insurance for Lawyers
 (Administrative Regulation Nº 39/2003, 4 December 2003)

 Uniform Policy for Compulsory Professional Liability Insurance for Lawyers
 (Administrative Regulation Nº 40/2003, 4 December 2003)

 Tariff of Premiums for Compulsory Professional Liability Insurance for Lawyers
 (Administrative Regulation Nº 41/2003, 4 December 2003)

 Tariff Rates for the Third Party Liability Insurance for Pleasure Boats
 (Administrative Regulation  no. 3/2004, 14 January 2004)

 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)

   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)

   Employees' Compensation Insurance Tariff Rates
   (Applicable from 1 January 2008)

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)

the Employees' Compensation Insurance Ordinance
  (Executive Order No. 41/2008, of 14 November)

Employees' Compensation Insurance Tariff Rates
   (Applicable from 1 January 2009)

 

 

 

Notices In Force From AMCM

 Valuation criteria to be observed by insurers in respect of their assets & liabilities

 (Notice no. 3/1990 - AMCM, March 1990)

 Refusal to accept motor insurance contracts

 (Notice no. 5/1995 - AMCM, May 1995)

 Refusal to accept Employees' Compensation Insurance contracts
 
(Notice No. 006/1996 - AMCM, April 1996)

 Conditions to be met by actuaries of closed pension funds

 (Notice no. 8/2000 - AMCM, November 2000)

 Individual or collective membership of open pension funds

 (Notice no. 9/2000 - AMCM, November 2000)

 Rules for financial, technical and actuarial management of pension funds

 (Notice no. 14/2000 - AMCM, December 2000)