... 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...

... 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 be left blank, and...

... insurance policy through Facebook and WhatsApp messages. The victim, after paying the premium through Faster Payment System (FPS) and receiving a cover note from the fraudsters, later found out that the cover note was forged and the policy application for the victim’s vehicle has never been made with...

... trust who merely “holds” the insurance policy as policy holder. Matters to consider before making the recommendation Q7 If the customer has indicated that premium financing is intended to be used, paragraph 6.11 of the Guideline requires the licensed insurance intermediary to take that into account when...

... trust who merely “holds” the insurance policy as policy holder. Matters to consider before making the recommendation Q7 If the customer has indicated that premium financing is intended to be used, paragraph 6.11 of the Guideline requires the licensed insurance intermediary to take that into account when...

... premium through bespoke digital distribution channels without the involvement of intermediaries,” said Mr Clement Cheung, Chief Executive Officer of the IA. “Insurtech is beneficial to both the industry and consumers as it stimulates innovation, enhances value proposition, improves...

... them to assess and to advise the client on his/her capability to commit to any new or additional long term insurance policy, i.e. on whether the client could afford to pay at the premium level for the full term - 3 - of a regular-premium policy to be recommended, or whether the client could afford to...

... policy, i.e. on whether the clients could afford to pay at the premium level for the full term of a regular-premium policy to be recommended, or whether the clients could afford to set aside a lump sum of liquid assets for the specified term of a single-premium policy. Special attention should be given...

... Supervised Groups under the Group-wide Supervision Regime Attachment: Note on the Treatment of “Closely Linked” Entities 30 September 2021 Joint Inspection on the Use of Premium Financing to Take Out Long Term Insurance Policies in...