... implications of the replacement： a) You could be paying the policy set-up cost TWICE – the set-up cost is usually two years premiums or 10% of single premium of the basic life insurance policy replaced/to be replaced (This is for reference only; the Agent/Broker should advise you of the estimated loss for this...

... 2019, the Insurance Authority (“IA”) published a draft Code of Conduct for Licensed Insurance Agents (“Agents’ Code”) for public comment under the cover of a consultation paper (“Consultation Paper”). The draft Agents’ Code set out guidance on the practices and standards which licensed insurance agents...

... 2019, the Insurance Authority (“IA”) published a draft Code of Conduct for Licensed Insurance Agents (“Agents’ Code”) for public comment under the cover of a consultation paper (“Consultation Paper”). The draft Agents’ Code set out guidance on the practices and standards which licensed insurance agents...

... added on 31 August 2021.) Special Attention in relation to ILAS Products with Open Architecture (“OA ILAS Products”) Q 31A Further to the Professional Investor (“PI”) requirement as set out in Q&A 31, please specify any specific requirement(s) on licensed insurance intermediaries for selling OA ILAS...

... added on 31 August 2021.) Special Attention in relation to ILAS Products with Open Architecture (“OA ILAS Products”) Q 31A Further to the Professional Investor (“PI”) requirement as set out in Q&A 31, please specify any specific requirement(s) on licensed insurance intermediaries for selling OA ILAS...

... insurance agent for six years for misappropriating and mishandling premium 22/11/2023 N/A Insurance Authority bans two former insurance agents for three years for using false academic certificates under the former self-regulatory regime...

... increase the possibility of loss or damage. The policy may be underwritten by the insurer again, and the policyholder may be required to pay an additional premium to reflect an increase in risk. Failure to notify the insurer of such a change may result in a claim being declined. Open kitchens are...

... – Paper III Syllabus for Long Term Insurance Examination I. Introduction to Life Insurance i. Definition of Life Insurance A. Needs for Life Insurance ii. Principles of Life Insurance A. Insurable Interest B. Duty of Disclosure C. Other Insurance Principles iii. Calculation of Life Insurance Premium A....

... certain policies exempt from the levy by law , policy holders of all new or in-force life insurance policies and general insurance policies (such as travel, motor, property and household insurance) must pay the levy along with their premium payment. Levy rates and cap To reduce the impact on policy...