Is it compulsory to have insurance?

Obligatory insurance refers to any insurance policy that an individual or corporation is compelled by law to purchase. It is imperative for those individuals and enterprises wishing to participate in specific activities involving financial risks, like driving a vehicle or running a company with staff.ec insurance

What distinguishes EC from ECC?

EC represents a cloud-hosted solution, whereas the ECC backend resides within the organization's physical location. Posted on June 4, 2013.

How can one proceed with the application for compensation in the event of an employee's demise?

The employer is obligated to inform the Labour Department about any fatal incident by filing the mandatory form (either Form 2 or 2A) within a seven-day period following the occurrence, regardless of whether the employee's demise triggers any compensation obligations.

What is the price range for dental fillings in Hong Kong?

HK$300 to HK$500: Expenses for Private Medical Care in Hong Kong, Focusing on Dental Services & Non-Traditional Therapies – Section 3
Service Price Range
Consultation/Examination (fluoride treatment and x-rays excluded) HK$500 to HK$2000
Cavity Fillings HK$300 to HK$500
Tooth Removal HK$1000 or More
Orthodontics Procedures HK$30,000 or Above
Date:

What is the equation used to determine salary?

This is the process of determining the basic salary based on factors such as total earnings and various allowances: Basic salary is calculated by subtracting the sum of allowances (including medical insurance, HRA, DA, transportation allowance, and others) from the gross pay.

What are the various categories of accidents that occur in industrial settings?

A significant occurrence in the industrial sector, involving perilous substances, can pose severe implications for both the nearby populace and the natural surroundings. The manifestation of such an incident can vary, based on the characteristics of the involved materials, ranging from a blaze, a detonation, or the release of poisonous or radioactive emissions.

What are the financial resources necessary for insurance companies to operate in Hong Kong?

As stated in section 13AA of the Insurance Ordinance (Chapter 41), along with the regulations outlined in the Valuation and Capital Rules, an insurer (excluding marine, captive, special purpose insurers, and Lloyd's) is obligated to maintain a capital base that surpasses its PCA, meets the minimum capital amount ([MCA]), and is at least HK$20 million. Date: October 23, 2024.

Is the payment of a 13th month salary compulsory in Japan?

In Japan, employees often receive an additional paycheck, referred to as a "13th month" or even a "14th-month" salary, which is traditionally given out as a summer bonus in June and a winter bonus in December. It is customary in Japan to provide such a 13th or 14th-month bonus. The discretion to award these bonuses lies with the company. This practice extends to both part-time and full-time workers alike.

What does Section 127 stipulate?

Utilizing a document in accordance with Section 127 permits the involved parties to grasp that specific presumptions can be drawn concerning the corporation. These presumptions encompass, but are not restricted to, the document being executed in line with the company's constitution, the corporation fulfilling its duties as stipulated in the Act, and so forth.

What do we mean by remuneration strategies?

It entails the transaction of value between an employer and an employee, where the employee is remunerated through wages, salaries, or alternative forms of compensation in return for their work. Establishing ethical, clear, and equitable compensation protocols is crucial for fostering employee contentment and dedication.