... GL18 GUIDELINE ON EXERCISING POWER TO IMPOSE PECUNIARY PENALTY IN RESPECT OF AUTHORIZED INSURERS UNDER THE INSURANCE ORDINANCE (CAP. 41) Insurance Authority Contents Page 1. Introduction 1 2. Scope of Application 1 3. Considerations in Exercising IA’s Power to Impose Pecuniary Penalty 2 4....

... 1 13th Annual Meeting & Conference of the Asian Forum of Insurance Regulators (AFIR) 7 June 2018 Welcome Remarks by Dr Moses Cheng Chairman of the Insurance Authority Chairman Chen1, distinguished guests, ladies and gentlemen. Good Morning. On behalf of the Insurance Authority (IA), I am deeply...

... insurance coverage, but not to replace an existing policy. 3. You should carefully examine the Important Facts Statement - Policy Replacement (“IFS-PR”) form before signing it. According to the Guideline on Long Term Insurance Policy Replacement (GL27) issued by the Insurance Authority, an IFS-PR form...

... 1 13th Annual Meeting & Conference of the Asian Forum of Insurance Regulators (AFIR) 7 June 2018 Welcome Remarks by Dr Moses Cheng Chairman of the Insurance Authority Chairman Chen1, distinguished guests, ladies and gentlemen. Good Morning. On behalf of the Insurance Authority (IA), I am deeply...

... maintaining market stability and protecting the interests of policy holders. The Managers will also conduct a detailed assessment on the financial position of Target and report findings to the IA.” “Almost 80% of the business carried on by Target is motor insurance while the rest is...

... account owner”) with information on how to submit an individual licence application through IIC. For the set up of “supervisor account” and “administration account” by the principal, please refer to the “User Guide of the IA Insurance Intermediaries Connect for Principals (Authorized Insurers, Licensed...

... Registration of MPF Intermediaries The MPFA is the authority to register MPF intermediaries. To set out the approval criteria and application procedures, the MPFA has issued the Guidelines on MPF Intermediary Registration and Notification of Changes. Please refer...

... continue to work from home next week. The IA will keep reviewing the situation and announce any updates on the IA website (www.ia.org.hk). Ends ...

...). To minimise social contact and the risk of virus infection, members of the public are encouraged to make use of the IA’s hotline and online services as much as possible. The operating hours of the IA office and hotline services are set out on the IA website. Arrangements have been...