... requirements for individual licensees are summarized as follows: Each “Assessment Period” begins on 1 August of a year and ends on 31 July of the following year. Starting from the 3rd Assessment Period (i.e. from 1 August 2021 onwards), the minimum number of CPD hours...

... insurance contract that a levy is payable by policy holders and the rates of such levy. The Insurance (Levy) Regulation sets out the manner in which payment of levies should be made. 2. The Insurance Authority (the “Authority”) collects the levy from policy holders via authorized insurers (the “insurers...

... Insurance Authority extends the validity of temporary facilitative measures to 31 December 2020 4 September 2020 In view of the latest developments of the COVID-19 pandemic, the Insurance Authority (IA) today (4 September 2020) issued a circular to...

... Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and elevating the status of Hong Kong as an international financial centre. “The IA strives to promote connectivity in the GBA, a good example being coordination of the industry to introduce cross-boundary insurance products that facilitate northbound...

... Pass” Arrangement The fifth wave of community outbreak precipitated by the Omicron variant is raging in recent weeks, leading to a rapid surge of infected cases. To cope with this real and present threat, the Insurance Authority has introduced a “vaccine pass” arrangement on 16 February 2022 whereby...

... opportunity to remind specified insurance broker companies of the following requirements under the Broker Rules which they must comply with as of the dates as mentioned below: Share Capital and Net Assets As from 1 January 2022, the amount of paid-up share capital and net assets which a specified insurance...

... industry’s awareness and understanding of the statutory obligations on anti-money laundering and counter-terrorist financing (“AML/CTF”), the Insurance Authority will host two AML/CTF seminars on 5 and 12 June 2018. The objectives of the seminars are: a) to provide the participants with an overview of the...

... Since 17 October 1983, the Hong Kong dollar has been linked to the US dollar, through an arrangement in the note-issue mechanism, at a fixed rate of HK$7.8 = US$1. 2 Mission Statement Mission Statement Our missions are to protect the interests of policyholders and to promote the general stability of the...

... Since 17 October 1983, the Hong Kong dollar has been linked to the US dollar, through an arrangement in the note-issue mechanism, at a fixed rate of HK$7.8 = US$1. 2 Mission Statement Mission Statement Our missions are to protect the interests of policyholders and to promote the general stability of the...

... Since 17 October 1983, the Hong Kong dollar has been linked to the US dollar, through an arrangement in the note-issue mechanism, at a fixed rate of HK$7.8 = US$1. 2 Mission Statement Mission Statement Our missions are to protect the interests of policyholders and to promote the general stability of the...