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⏭... to put its regulation in statute? We live in a post-modern world where the division of labour is extremely fine. The insurance products and distribution channels have become increasingly sophisticated and diversified. But one thing has not changed: insurance intermediaries are still the frontline...
https://www.ia.org.hk/english/infocenter/files/VTC_Insurance_Summit_2019.pdf -
Date: 2020-06-12
... relation to authorized institutions (i.e. banks) which are also licensed as licensed insurance agencies, by way of regulatory cooperation and coordination, the IA has delegated its inspection and investigation powers to the Hong Kong Monetary Authority under a Memorandum of Understanding....
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/insurance_agents.html -
Date: 2021-07-13
... agent fabricated a second letter of instruction from the client. Although this second fabricated letter was submitted to the insurer, before it was processed the client was notified by way of a Premium Overdue Notice that an automatic premium loan had been drawn down on the policy due to the premium...
https://www.ia.org.hk/english/infocenter/press_releases/20230529.html -
Date: 2023-05-29
... dollars for their retirement, which can be an astronomical sum for a typical wage earner. Relying solely on the 10% MPF mandatory contributions made by employers and employees monthly is hardly su�cient. To enjoy a secure retirement life, the best way is to start saving for retirement as early as...
https://www.ia.org.hk/english/infocenter/files/Saving_for_retirement_EN.pdf -
Date: 2021-12-14
... impose on an authorized insurer by way of intervention are set out in Appendix III. - 3 - Where a power of intervention has been exercised against an authorized insurer, it is imperative that the insurer comply with the restrictions or requirements imposed by that intervention. Contravention not only...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Cir_Insurers_dd_18122020.pdf -
Date: 2020-12-21
... dollars for their retirement, which can be an astronomical sum for a typical wage earner. Relying solely on the 10% MPF mandatory contributions made by employers and employees monthly is hardly su�cient. To enjoy a secure retirement life, the best way is to start saving for retirement as early as...
https://www.ia.org.hk/english/qualifying_deferred_annuity_policy/files/Saving_for_Retirement_Eng_Final.pdf -
Date: 2020-06-23
... dollars for their retirement, which can be an astronomical sum for a typical wage earner. Relying solely on the 10% MPF mandatory contributions made by employers and employees monthly is hardly su�cient. To enjoy a secure retirement life, the best way is to start saving for retirement as early as...
https://www.ia.org.hk/english/infocenter/files/Saving_for_retirement_EN.pdf -
Date: 2022-05-24
... dollars for their retirement, which can be an astronomical sum for a typical wage earner. Relying solely on the 10% MPF mandatory contributions made by employers and employees monthly is hardly su�cient. To enjoy a secure retirement life, the best way is to start saving for retirement as early as...
https://www.ia.org.hk/english/infocenter/files/Saving_for_retirement_EN.pdf -
Date: 2020-06-23
... products Standard Illustration for Universal Life (Non-Linked) Policies XYZ LIFE ASSURANCE COMPANY LIMITED [A] IMPORTANT: THIS IS A SUMMARY ILLUSTRATION OF THE PROJECTED SURRENDER VALUE AND DEATH BENEFIT OF YOUR POLICY AND IN NO WAY AFFECTS THE TERMS AND CONDITIONS STATED IN THE POLICY DOCUMENT. THE...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/6.Standard_Illustration_for_Universal_Life_Non-Linked_Policies.pdf -
Date: 2019-12-20
... Practice 7.1) to disclose to a client with respect to remuneration received from an insurer for arranging an insurance policy with the insurer on behalf of the client1. 3. This Practice Note does not have the force of law and should not be interpreted in a way that would override the provision of any law....
https://www.ia.org.hk/english/legislative_framework/files/Practice_note_on_Remuneration_Disclosure_Eng.pdf -
Date: 2020-06-01