... Issue – August 2017 Page 1 Note 2.0 INSURANCE AUTHORITY Note on Annual Authorization Fee INTRODUCTION Section 13 of the Insurance Ordinance (Cap. 41) provides that every authorized insurer must pay the prescribed fees to the Insurance Authority (the “Authority”) not later than the date on which it...

... Issue – August 2017 Page 1 Note 2.0 INSURANCE AUTHORITY Note on Annual Authorization Fee INTRODUCTION Section 13 of the Insurance Ordinance (Cap. 41) provides that every authorized insurer must pay the prescribed fees to the Insurance Authority (the “Authority”) not later than the date on which it...

... Professional Standards Working Group Subject : Financial Needs Analysis (“FNA”) Further to our circular dated 15 March 2018 (Ref: Mv020/18), the LIC incorporated appropriately LIM’s comments into our industry proposal to the IA on a list of products exempted from the FNA requirements. After rounds of...

... Property Damage business resulting from the absence of any major typhoons. As at 31 December 2019, gross and net claims incurred by authorized insurers due to the social events were HK$1,292 million and HK$411 million respectively. Premium growth was mainly driven by the growth in Property Damage business...

... Continuing Professional Development (“CPD”) Requirements - CPD Compliance Reporting for Combined Assessment Periods 2019/20 and 2020/21 Detailed instructions for reporting by principals to the Insurance Authority (“IA”) 7 July 2021 Our Ref: MC/CPD/CIR By email only To: Chief Executives of all...

... Continuing Professional Development (“CPD”) Requirements - CPD Compliance Reporting for Combined Assessment Periods 2019/20 and 2020/21 Detailed instructions for reporting by principals to the Insurance Authority (“IA”) 7 July 2021 Our Ref: MC/CPD/CIR By email only To: Chief Executives of all...

... brokerage income)就持牌保險經紀 公司而言，指該公司從進行受規管活動的業務所得的總 收入； 淨資產 (net assets)就持牌保險經紀公司而言，指根據第 4條 計算的該公司資產總額超出其負債總額的款額； Insurance (Financial and Other Requirements for Licensed Insurance Broker Companies) Rules (Made by the Insurance Authority under sections 53F(4), 64T(2), 64ZA(4)(d), 64ZV(8)(e), 73(1) and 129(1...

... Insurance Authority to provide limited public services starting from 3 February 2 February 2020 In view of the latest development related to the novel coronavirus, the Insurance Authority (IA) today (2 February 2020) announced that its office will...

... Insurance Authority office to resume normal public services on 2 March 29 February 2020 The Insurance Authority (IA) today (29 February 2020) announced that its office will reopen to the public and resume normal public services starting next Monday...

... Closure of Insurance Authority office until 13 April 28 March 2020 In view of the latest development of COVID-19, the Insurance Authority (IA) announced today (28 March 2020) that its office will remain closed to the general public in the next two...