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⏭... Premium levy rate to be adjusted on 1 April 2019 31 March 2019 In accordance with the schedule set out in the Insurance (Levy) Order under the Insurance Ordinance (Cap. 41), starting from tomorrow (1 April 2019), the premium levy rate will be...
https://www.ia.org.hk/english/infocenter/press_releases/20190331.html -
Date: 2019-03-31
... Premium levy rate to be adjusted to 0.085% on 1 April 2020 31 March 2020 In accordance with the schedule set out in the Insurance (Levy) Order under the Insurance Ordinance (Cap. 41), starting from tomorrow (1 April 2020), the premium levy rate will...
https://www.ia.org.hk/english/infocenter/press_releases/20200331.html -
Date: 2020-03-31
... cases are set out in Annex A for reference. MAXIUMUM LEVY 9. A maximum levy (Column 3 and 4 of the Table in paragraph 6) is imposed on general insurance policies and long term insurance policies 3 Inception date, in relation to a contract of insurance, means the date on which the first premium under the...
https://www.ia.org.hk/english/portal_for_insurers/lisa/files/notes_on_collection_of_levy_on_insurance_premium.pdf -
Date: 2019-10-23
... Smart tips on using premium financing Premium financing involves the use of leveraged borrowing to purchase an insurance policy. As the borrowers, policy holders may suffer financial losses from the various potential risks posed and have their rights under the...
https://www.ia.org.hk/english/premium_financing/smart_tips.html -
Date: 2024-01-18
... holder does not pay the levy as required, the IA may impose on the policy holder a penalty of up to $5,000, and may recover the outstanding levy as a civil debt due to the IA. A dedicated IA webpage (www.ia.org.hk/en/levy) has been set up to explain the premium levy collection arrangement. More...
https://www.ia.org.hk/english/infocenter/press_releases/collection_of_premium_levy_to_take_effect_on_1_January_2018.html -
Date: 2017-09-22
... cases are set out in Annex A for reference. MAXIUMUM LEVY 9. A maximum levy (Column 3 and 4 of the Table in paragraph 6) is imposed on general insurance policies and long term insurance policies 3 Inception date, in relation to a contract of insurance, means the date on which the first premium under the...
https://www.ia.org.hk/english/portal_for_insurers/lisa/files/Notes_on_collection_of_Levy_on_Insurance_Premium_v1.6.pdf -
Date: 2019-10-23
... Pros and cons of using premium financing Premium financing is a wealth and liquidity management tool that, in an ideal scenario, can bring various benefits to the policy holders. For example, policy holders can, through the use of leveraging and borrowing...
https://www.ia.org.hk/english/premium_financing/pros_and_cons.html -
Date: 2024-01-18
... behalf so they could benefit from the fictitious premium discount. A third set of lies followed, as the agent sought to explain away why the claims were not being paid. The ethical line between right and wrong is a clear and bright one. Once crossed, however, it blurs and darkens making it...
https://www.ia.org.hk/english/infocenter/press_releases/20231220.html -
Date: 2023-12-20
... Notes on collection of Levy on Insurance Premium Important Notes Before you ProceedReturn SubmissionDownload AreaEnquiryFAQsNotes on collection of Levy on Insurance PremiumSystem Maintenance Schedule Item No....
https://www.ia.org.hk/english/portal_for_insurers/lisa/notes_on_collection_of_levy_on_insurance_premium.html -
Date: 2024-01-18
... Insurance Authority bans former insurance agent for five years for mishandling and misappropriating premium 6 November 2023 The Insurance Authority (IA) has banned a former insurance agent from applying for a licence for five years for mishandling...
https://www.ia.org.hk/english/infocenter/press_releases/20231106.html -
Date: 2023-11-06