... disciplinary action arises from a message Mr Yam sent through his social media account to everyone on his contact list on 23 January 2020 (“Message”), seeking to use the outbreak of the novel coronavirus (“COVID-19”) to encourage recipients of the Message to leave Hubei Province and...
https://www.ia.org.hk/english/infocenter/press_releases/20210707_1.html -
Date: 2021-07-07
...) 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
...) 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: 2020-12-21
... (“Committee”) has been specified under the United Nations (Anti-Terrorism Measures) Ordinance (“UNATMO”). The list has been published in the Gazette (G.N. 5773) on 11 August 2017 and is available on the Government’s website http://www.gld.gov.hk/egazette/. Relevant press release issued by the Committee is...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/cir_aml_20170817.pdf -
Date: 2018-01-15
... appointment or two appointments for the purposes of the cap (which depends on whether the scope of the agent’s appointment is limited to one line of business or extended to both general business and long term business). The existing framework is currently set out in paragraphs 21-22 of the Code of Practice...
https://www.ia.org.hk/english/infocenter/files/Consultation_Paper_on_Draft_Rules_on_Max_Number_of_Insurers_ENG.pdf -
Date: 2018-10-31
... green and sustainable causes Innovation Capitalise on the opportunities presented by the Mainland to develop Hong Kong into a green �nance centre in the Guangdong-Hong Kong-Macao Greater Bay Area Mainland Opportunities Strengthen regional and inter- national collaboration Collaboration Green and...
https://www.ia.org.hk/english/infocenter/press_releases/files/Green_and_sustainable_finance_Infographic_EN.pdf -
Date: 2020-12-17
... Requirements on Captive Insurers In Hong Kong, a captive insurer is legally defined under the Insurance Ordinance (Cap. 41) as an insurer which carries on general insurance business only and its business (i) does not relate to any liabilities or risks in...
https://www.ia.org.hk/english/supervision/reg_insurers_lloyd/requirements_captive_insurers.html -
Date: 2020-04-28
... its latest issue of Conduct In Focus today (12 May 2023) presenting statistics on complaints received in the full year of 2022, giving guidance to insurance practitioners on regulatory matters and highlighting topical issues for policyholders. Together with the main edition we publish a...
https://www.ia.org.hk/english/infocenter/press_releases/20230512.html -
Date: 2023-05-12
... penalty on the regulated person and the penalty amount. The Guideline will take effect upon commencement of regulation of insurance intermediaries by the IA. However, all cases of alleged contravention of applicable rules or requirements that occurred before the commencement date will be...
https://www.ia.org.hk/english/infocenter/press_releases/20181026.html -
Date: 2018-10-31