...://baochengtrader.com” and “http://baochenginternational.com”. The aforesaid websites purport to be the official websites of two authorized insurers of Hong Kong, Prudential Hong Kong Limited and Prudential General Insurance Hong Kong Limited. Both companies have confirmed that they have no connection with...

... temporary facilitative measures for non-face-to-face distribution of specific insurance products for another three months to 30 September 2020. The scope of products covered and the implementation details of the measures remain unchanged. The IA introduced two phases of temporary facilitative...

... starting from mid-2019 under which the IA will start direct regulation of insurance intermediaries. The draft Guideline suggests that the penalty should be effective, proportionate and fair. The IA will consider all circumstances of the case and take into account a number of factors including the...

... (RBC) Regime Further to our letter dated 6 August 2018 regarding the launch of QIS 2 for the development of the RBC regime, the Insurance Authority (“IA”) has finalized the remaining package of template and technical specifications on matching adjustment for insurers carrying on long term business (“MA...

... illustration of the participating policy showing the projected surrender value (i.e. the cash value of the policy upon surrender) and death benefit at the point of sale and when the policy is in force. In illustrating the values and amounts, the Appointed Actuary of an insurer should refer to Actuarial...