Changes in the Market Conduct Profile for the Year 2012

Circular Letter No. 20 (2005) announced the required annual filing of a Market Conduct Profile by each authorized life insurer.

For reporting year 2012 (due June 1, 2013), the following changes have been made:

1. Question 10 under the Compliance Section is added. These questions relate to the Company’s controls concerning suitability procedures including the specific products that are covered under by the Company.

If you have any questions regarding this, please call Sharon Ma at (212) 480‐4659 or Pauline Hall at (212) 480‐5015.