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... penalty and that the size of the penalty will be larger. In determining the seriousness of a contravention, the IA will consider all of the circumstances of the case and take into account but not limited to the factors set out below. (a) The nature, seriousness and impact of the contravention, including...
https://www.ia.org.hk/english/enforcement/anti_money_laundering_and_counter_terrorist_financing/files/GL3A_Eng.pdf - Date: 2019-12-27
...�cer approved by the IA . Maintain a client account with a bank in Hong Kong . Compliance with the requirements set out in the Insurance (Financial and Other Requirements for Licensed Insurance Broker Companies) Rules . Proper corporate governance, internal controls and risk management (organizational...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/New_regime_brochure_Eng.pdf - Date: 2020-05-29
... services standards etc. From 1st January to 30th June 2021 From 1st January to 30th June 2020 Representation of Information 13% Claims 18% Conduct 30% Business or Operations 21% Services 16% Insurance Intermediary against Insurer 1% Others 1% Total: 738 Representation of Information 15% Claims 17% Conduct...
https://www.ia.org.hk/english/infocenter/files/ENG_CIF_3.pdf - Date: 2021-12-14
... services standards etc. From 1st January to 30th June 2021 From 1st January to 30th June 2020 Representation of Information 13% Claims 18% Conduct 30% Business or Operations 21% Services 16% Insurance Intermediary against Insurer 1% Others 1% Total: 738 Representation of Information 15% Claims 17% Conduct...
https://www.ia.org.hk/english/infocenter/files/ENG_CIF_3.pdf - Date: 2022-05-24
... in Article 28 of the Articles of Association of the Confederation. "Director" means any person appointed to the board of directors of a Member company or prospective Member company. "Employee" means any person employed by a Member. "Fit and Proper Person" means a person who fulfils the criteria set...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/11a_CIB_Membership_Regulations_v11_15_7_2015_English_eg19.pdf - Date: 2019-12-20
...’) has been renamed The Insurance Complaints Bureau (‘ICB’) with effect from 16 January 2018. This Update serves to set out the textual updates to the Study Notes for the Principles and Practice of Insurance Examination (2017 Edition) to reflect the aforesaid change. 1. Sections 6.1.4, 6.1.4a and 6.1.4b...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/P1_SN_eng_2017ver_2018update.pdf - Date: 2019-12-02
... the licensing requirements under the Ordinance have the benefit of these views, the IA has decided to issue this additional Explanatory Note (“Note”). A.4 In section B of this Note we set out the IA’s general approach in considering the issue of whether or not a person is required to obtain a licence...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Explanatory_Note_on_Regulated_Activities.pdf - Date: 2021-12-10
... the licensing requirements under the Ordinance have the benefit of these views, the IA has decided to issue this additional Explanatory Note (“Note”). A.4 In section B of this Note we set out the IA’s general approach in considering the issue of whether or not a person is required to obtain a licence...
https://www.ia.org.hk/english/legislative_framework/files/Explanatory_Note_on_Regulated_Activities.pdf - Date: 2021-10-12
... premiums will decline by 3 0.1%, while total sum of related claims could eventually balloon to a mind- boggling US$100 billion. The insurance industry in Hong Kong is not immune, with latest statistics showing that premium growth for the first three quarters of 2020 had slowed down to 5.5%. New business...
https://www.ia.org.hk/english/infocenter/files/Asian_Insurance_Forum_2020.pdf - Date: 2021-09-08
... Life Zurich Life 31-12-18 28,138 8,989,540 204,248 - 1,988,900 市場總額 Market Total 11,871,518 6,732,945,957 337,306,262 40,168,564 1,675,983,941 ...
https://www.ia.org.hk/english/infocenter/statistics/files/Table-L8_2018.pdf - Date: 2019-09-30