... minimum insurance cover should be for an amount: No. of Employees Amount of Insurance Cover Per Event Not more than 200 Not less than HK$100 million More than 200 Not less than HK$200 million An employer is required to meet both his liabilities under the Ordinance and the Common Law. The Ordinance only...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/text-ilens8.pdf -
Date: 2020-06-19
... of providers not authorized in Hong Kong. In this event, Members should advise clients as per the format prescribed in Annex C to the Membership Regulations. Recommendation in Writing 10. Members should present in writing their recommendation of the options selected together with the basis thereof to...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/1_CIB_GN12_on_Product_Recommend_Includ_LLT_v1_18_12_2014_eg19.pdf -
Date: 2019-12-20
... result in their having to fill in similar information onto insurer’s Financial Needs Analysis Form and Risk Profile Questionnaire (“RPQ”) as per the HKFI ILAS Requirements, that Members should put in place appropriate control and procedures to ensure that the information in the two sets of documents is...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/3_CIB_GN4_on_Cond_KYC_Incl_LLT_Ins_v3_18_12_2014_eg19.pdf -
Date: 2019-12-20
.../en/login.html ANNEX 3 Summary of Penalty Framework for CPD breaches for the Assessment Period 2021/2022 Shortfall of CPD hours Penalties Shortfall is 6 hours or less A fine of $600 per hour of shortfall will be imposed, plus the shortfall must still be rectified by 31 October 2022. Failure to rectify...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Cir_dd_20220531_CPD_Compliance_Reporting_for_the_Assessment_Period_2021_2022_Eng.pdf -
Date: 2022-05-31
..., but rather the uneven distribution of wealth.”2 Hence, economic growth per se is good, but it is not good enough if it does not include all sectors of the community. We should aim for inclusive and sustainable growth which our whole population can contribute to and benefit from. Insurance could play a...
https://www.ia.org.hk/english/infocenter/files/Asian_Financial_Forum_2020.pdf -
Date: 2021-12-09
... of insurance business to be written, including the maximum retention per risk or event after all reinsurance ceded, the limit of reinsurance, the names of the principal reinsurers and the respective percentages underwritten by them under each treaty. 24. A description of the captive’s investment...
https://www.ia.org.hk/english/infocenter/forms/files/IA-6C.docx -
Date: 2022-01-06
... of insurance business to be written, including the maximum retention per risk or event after all reinsurance ceded, the limit of reinsurance, the names of the principal reinsurers and the respective percentages underwritten by them under each treaty. 24. A description of the captive’s investment...
https://www.ia.org.hk/english/infocenter/forms/files/IA-6C.pdf -
Date: 2022-01-06
... details, please refer to the product documents of this ILAS policy. (10) Licensed Insurance Intermediaries’ Remuneration: If you take up this ILAS policy, the (licensed insurance agent/licensed insurance broker) will on average receive remuneration of HK$x.x per HK$100 of the premium that you pay. The...
https://www.ia.org.hk/english/legislative_framework/files/Appendix_1.docx -
Date: 2020-09-24
..., but rather the uneven distribution of wealth.”2 Hence, economic growth per se is good, but it is not good enough if it does not include all sectors of the community. We should aim for inclusive and sustainable growth which our whole population can contribute to and benefit from. Insurance could play a...
https://www.ia.org.hk/english/infocenter/files/Asian_Financial_Forum_2020.pdf -
Date: 2021-09-08
... of insurance business to be written, including the maximum retention per risk or event after all reinsurance ceded, the limit of reinsurance, the names of the principal reinsurers and the respective percentages underwritten by them under each treaty. 24. A description of the captive’s investment...
https://www.ia.org.hk/english/infocenter/forms/files/IA-6C.docx -
Date: 2022-05-31