Work of the Insurance Authority General Insurance Business Long Term Insurance Business Supervisory Developments for Insurance Intermediaries Consumer Protection Organisation and Management Appendices Calendar of Events 2006     This Annual Report covers the events occurred from 1 January 2006 to 31 December 2006. Currency and Exchange Rate All dollars expressed in this Report are Hong Kong dollars. Since 17 October 1983, the Hong Kong dollar has been linked to the US dollar, through an arrangement in the note-issue mechanism, at a fixed rate of HK$7.8=US$1.