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⏭... policy period. To protect your interests, you should carefully compare your existing and the new insurance policies and assess whether the replacement of policy is in your best interests before making a decision. This leaflet provides you with some useful guidance when you are approached for replacing...
https://www.ia.org.hk/english/infocenter/files/Life_Insurance_Policy_e_Jun_2021.pdf -
Date: 2022-05-24
... An Overview of the Regulatory Framework The Insurance Ordinance (along with its subsidiary legislation) (Cap. 41) is the principal legislation to regulate the insurance industry in Hong Kong. The regulatory framework applicable to insurers, designated insurance...
https://www.ia.org.hk/english/legislative_framework/overview/an_overview_of_the_regulatory_framework.html -
Date: 2021-09-13
[PDF]
EC_MV_Cir.pdf
... Chief Executives of authorized insurers carrying on general insurance business 30 September 2020 /… - 2 - That is, on average, the industry for the top 25 Direct Motor Vehicle Insurers is making an underwriting margin of -14.6%. The best performer has an underwriting margin of 34.0% while the...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/EC_MV_Cir.pdf -
Date: 2020-12-21
... impersonated the official website and the social media platform of two authorized insurers in Hong Kong, Prudential Hong Kong Limited and Prudential General Insurance Hong Kong Limited. Both companies have confirmed that they have no connection with the fraudulent website and the social media platform....
https://www.ia.org.hk/english/infocenter/press_releases/20190726.html -
Date: 2019-07-26
... applications of an authorized insurer of Hong Kong, AIA International Limited (AIA). AIA has confirmed that they have no connection with the fraudulent mobile applications. Website link Name of mobile application ...
https://www.ia.org.hk/english/infocenter/press_releases/20200807.html -
Date: 2020-08-07
... customers or those who may not be able to make independent investment decisions on complex investment products; particularly ILAS products with long maturity periods or which attract heavy penalties on early redemption or withdrawal. The treatment of customers choosing to deviate in any respect from the RPQ...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/3_HKFI_ILAS_Requirements_v3_22_4_2013_20190823.pdf -
Date: 2019-12-20
... digital distribution channels under the Fast Track, marking a significant milestone of Insurtech development in Hong Kong. “The first virtual insurer approved under the Fast Track is a local startup interested in providing products with simple structure, high protection element and low...
https://www.ia.org.hk/english/infocenter/press_releases/20181220.html -
Date: 2018-12-20
...) of the Code of Conduct for Licensed Insurance Brokers (“Code of Conduct”) provides that a licensed insurance broker company should enter into an agreement with a client, setting out in writing the terms and conditions of business on which the licensed insurance broker will carry on regulated...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Practice_note_on_Client_Agreement_ILAS.pdf -
Date: 2020-06-15