... vehicle insurance. It will be readily understood that there are very considerable differences in the underwriting of taxis, buses, privately owned small and heavy goods vehicles and a host of other specialized vehicles. Some considerations may be mentioned, however, by way of example: (i) Liability limits...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/GI_SN_eng_2018.pdf -
Date: 2019-12-02
... is not because it is void, but because some required action has not been taken (e.g. stamp duty not paid on a lease of land, marine insurance policy not issued, etc.). This defect can be remedied by carrying out the required action, so that the contract becomes enforceable (e.g. by issuing a marine...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/sn-p&p-2013.doc -
Date: 2019-12-02
... (see 3.2 below); 3 Unenforceable contracts: This means what it says, an unenforceable contract cannot be enforced (or sued on) in a court of law. However, this is not because it is void, but because some required action has not been taken (e.g. stamp duty not paid on a lease of land, marine insurance...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/sn-p&p-2013.pdf -
Date: 2019-12-02
..., directors, key persons in control functions and appointed actuaries 4.4(b)(iv) the Government [text removed] 2.2.5(a) Government: all governments are under a duty to protect the welfare of their citizens. Regulator: the insurance regulator is under a duty to protect the policyholders and potential...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/10.sn-general-2008_eng_2017update.pdf -
Date: 2019-12-02
... General Insurance Examination Insurance Intermediaries Quality Assurance Scheme General Insurance Examination Study Notes 2018 Edition 1 Study Notes for General Insurance Examination Update Voluntary Health Insurance Scheme fully launched on 1 April 2019 With the Voluntary Health Insurance Scheme (...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/P2_SN_eng_2018_2019update_file6.pdf -
Date: 2019-12-02
... the dispute concerns an alleged non-disclosure, misrepresentation, incorrect application, negligence, breach of any legal obligation or duty or maladministration on the part of an insurer. 6.1.4c Non-claim Related Mediation Service Where the parties concerned in dispute have failed to reach an...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/P1_SN_eng_2017ver_2018update.pdf -
Date: 2019-12-02
... unenforceable contract cannot be enforced (or sued on) in a court of law. However, this is not because it is void, but because some required action has not been taken (e.g. stamp duty not paid on a lease of land, marine insurance policy not issued, etc.). This defect can be remedied by carrying out the required...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/9.sn-pp-2017_eng.pdf -
Date: 2019-12-02
... management purposes), licensed insurance intermediaries are required to take additional care when explaining these unusual features at the point-of-sale. (j) Licensed insurance intermediaries also have the duty to disclose and explain the risks associated with ILAS products (including those of the underlying...
https://www.ia.org.hk/english/legislative_framework/files/GL26_English.pdf -
Date: 2020-09-24
... management purposes), licensed insurance intermediaries are required to take additional care when explaining these unusual features at the point-of-sale. (j) Licensed insurance intermediaries also have the duty to disclose and explain the risks associated with ILAS products (including those of the underlying...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/GL26_English.pdf -
Date: 2020-06-24
... management purposes), licensed insurance intermediaries are required to take additional care when explaining these unusual features at the point-of-sale. (j) Licensed insurance intermediaries also have the duty to disclose and explain the risks associated with ILAS products (including those of the underlying...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/ILAS_Products.pdf -
Date: 2020-06-24