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FAQs
... levy on insurance premium and the related maximum levy (cap) payable? A1 Inception date/ Inception anniversary date. Premium due date subsequent to inception date or settlement date is NOT relevant....
https://www.ia.org.hk/english/portal_for_insurers/lisa/faq.html -
Date: 2019-10-23
[PDF]
GL30_English.pdf
... follow the FNA requirements as if the rider or top-up is a new life insurance policy. 5 (a) the policy is: (i) a non-participating endowment product with guaranteed payment of not less than the total premium paid upon maturity; or (ii) a universal life product providing a surrender value which is not...
https://www.ia.org.hk/english/legislative_framework/files/GL30_English.pdf -
Date: 2020-09-24
[PDF]
Financial_needs.pdf
... follow the FNA requirements as if the rider or top-up is a new life insurance policy. 5 (a) the policy is: (i) a non-participating endowment product with guaranteed payment of not less than the total premium paid upon maturity; or (ii) a universal life product providing a surrender value which is not...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/Financial_needs.pdf -
Date: 2020-06-24
[PDF]
GL30.pdf
... follow the FNA requirements as if the rider or top-up is a new life insurance policy. 5 (a) the policy is: (i) a non-participating endowment product with guaranteed payment of not less than the total premium paid upon maturity; or (ii) a universal life product providing a surrender value which is not...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/GL30.pdf -
Date: 2019-11-29
... products across all sales and marketing materials. (4) In the course of marketing Certified Plans, VHIS Providers and their sales representatives should disclose and exercise due diligence in explaining the key product and premium information of Certified Plans to consumers. (5) VHIS Providers should...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/P2_SN_eng_2018_2019update_file6.pdf -
Date: 2019-12-02
[PDF]
GI_SN_eng_2018.pdf
... Assessment 2.1.2 Physical Hazards and Moral Hazards 2.1.3 Proposal Forms 2.1.4 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 2.2.5 Levies on Premiums 2.3 Policy Wording...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/GI_SN_eng_2018.pdf -
Date: 2019-12-02
... 97% of worldwide premium income. The Executive Committee is responsible for providing strategic directions and managing the affairs of IAIS. A total of seven seats are allocated to the Asian region, with other members being China, India, Japan, Korea, Malaysia and Singapore. Ends ...
https://www.ia.org.hk/english/infocenter/press_releases/20190220.html -
Date: 2019-02-20
... is higher than the range of brokerage customarily paid for the particular class of insurance. Page 2 of 2 3. Upon the client’s request, the licensed insurance broker company should disclose to the client, to the best of its knowledge, the maximum percentage of the premium paid (or to be paid) as...
https://www.ia.org.hk/english/legislative_framework/files/Practice_note_on_Remuneration_Disclosure_Eng.pdf -
Date: 2020-06-01
... is higher than the range of brokerage customarily paid for the particular class of insurance. Page 2 of 2 3. Upon the client’s request, the licensed insurance broker company should disclose to the client, to the best of its knowledge, the maximum percentage of the premium paid (or to be paid) as...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/Practice_note_on_Remuneration_Disclosure_Eng.pdf -
Date: 2020-06-24
[PDF]
New_Regime_English.pdf
... intermediary or remit premiums to the intermediary’s personal bank account as it could be difficult to prove the amount paid was for a premium payment. When paying a premium by cheque, the cheque should be made payable to the insurance company or the intermediary company involved. The payee’s name should not...
https://www.ia.org.hk/english/infocenter/files/New_Regime_English.pdf -
Date: 2021-12-14