... general insurance side, while total premium income did not seem to show any increase, industry source confirms that business activities have picked up; the increase in volume, however, has been offset by the drastic fall in premium level. Clearly, the Hong Kong insurance industry has benefited from the...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/ilens16.pdf -
Date: 2021-09-01
... general insurance side, while total premium income did not seem to show any increase, industry source confirms that business activities have picked up; the increase in volume, however, has been offset by the drastic fall in premium level. Clearly, the Hong Kong insurance industry has benefited from the...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/ilens16.pdf -
Date: 2020-06-19
... issued. (6) (6) (5) 2. The financial implication of the replacement: There is financial impact on replacing your existing policy(ies). Generally speaking the replacement cost is approximately two times the annual premium of your existing policy(ies). Please consult the insurer(s) of your existing policy...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/2a_HKFI_CoP_Life_Ins_Replacement_v2_1_10_2002_20190823.pdf -
Date: 2019-12-20
... Methods of Obtaining Material Facts 2.2 Underwriting Procedures 2/8 2.2.1 Quotations 2.2.2 Proposal Forms 2.2.3 Issue of Cover Notes, Policies and Certificates of Insurance 2.2.4 Premium a. Method of Calculation b. Relevance of Premium Payment for Valid Cover 2.2.5 Levies a. Motor Insurers’ Bureau of Hong...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/10.sn-general-2008_eng_2017update.pdf -
Date: 2019-12-02
... Cover Notes, Policies and Certificates of Insurance 2.2.4 Premium a. Method of Calculation b. Relevance of Premium Payment for Valid Cover 2.2.5 Levies a. Motor Insurers’ Bureau of Hong Kong b. Employees Compensation Assistance Scheme c. Employees Compensation Insurer Solvency Bureau 2.3 Policy Wording...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/sn-general-2008.doc -
Date: 2019-12-02
... Methods of Obtaining Material Facts 2.2 Underwriting Procedures 2/8 2.2.1 Quotations 2.2.2 Proposal Forms 2.2.3 Issue of Cover Notes, Policies and Certificates of Insurance 2.2.4 Premium a. Method of Calculation b. Relevance of Premium Payment for Valid Cover 2.2.5 Levies a. Motor Insurers’ Bureau of Hong...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/sn-general-2008.pdf -
Date: 2019-12-02
... essential relief measures for the insuring public during this challenging period,” said Dr Moses Cheng, Chairman of the IA. Specifically, the relief measures for targeted policy holders rolled out by individual insurers include extended grace period of premium payments of up to 180 days...
https://www.ia.org.hk/english/infocenter/press_releases/20200221.html -
Date: 2020-02-22
... $] [Please Enter $] -$ [Please Enter $] [Please Select] [Please Select] [Please explain if your answer is yes] 13b) Among with 13a) (iii) above, how much of gross written premium is relating to contracts greater than 12 months (i.e. multi-year policies), which you expect PAA provides a reasonable...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/2019_HKFRS_17_Readiness_Assessment_Survey.pdf -
Date: 2019-11-29
... every year, your bank account or credit card will automatically be debited to pay the premium for policy renewal before the policy expires. Pay close attention to the expiry date of the contract and consider whether to renew your policy in advance; and Be aware of a cap for the renewal age (if...
https://www.ia.org.hk/english/infocenter/files/Digital_onboarding_1_en.pdf -
Date: 2022-05-24
... conditions of the life insurance policy issued to the policy holder by the insurer, including an automatic premium loan. (h) “Policy replacement” has the meaning assigned to it by paragraph 5.2 of this Guideline. (i) “Total cash value” in relation to a life insurance policy, means the aggregate of the...
https://www.ia.org.hk/english/legislative_framework/files/GL27_English.pdf -
Date: 2020-09-24