... standards of conduct and business practice for authorized insurers underwriting Investment-Linked Assurance Schemes (“ILAS”) business. 1.2 In response to GN 15, this Guidance Note is issued to set out such standards of conduct and business practice in so far as they are applicable to members of PIBA in...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/1_PIBA_Guidance_Note_on_Conducting_Investment_Linked_Business_v1_24_12_2014_eg19.pdf -
Date: 2019-12-20
... contract becomes payable [s.2 Insurance (Levy) Order]. Note on Collection of Levy on Insurance Premium (Version 1.6) Page 3 respectively4. The relevant maximum amount payable for various types of premium payment pattern is set out in the Order and illustrated below. Premium Payment Pattern Levy Payable In...
https://www.ia.org.hk/english/portal_for_insurers/lisa/files/Notes_on_collection_of_Levy_on_Insurance_Premium_v1.6.pdf -
Date: 2019-10-23
... relation to Anti-Money Laundering and Counter- Terrorist Financing We are writing to inform you of the following developments: (1) The Guidelines Amendments The revised Guideline on Anti-Money Laundering and Counter-Terrorist Financing (“GL3”) and Guideline on Exercising Power to Impose Pecuniary Penalty...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/cir_aml_20190913_1.pdf -
Date: 2019-12-24
... amount of premium payable for the product. In providing any of the permitted gifts, promotions or incentives set out in paragraph 6.1 to an insurance broker, Member Companies should ensure they do not create a conflict of interest in the duty that the insurance broker owes to the policyholder (or...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/2_HKFI_GN_Gifts_Promo_and_Incentives_v2_1_1_2014_20190823.pdf -
Date: 2019-12-20
... Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615 (AMLO) and section 133 of the Insurance Ordinance, Cap. 41 (IO), and shall take effect from 23 September 20191 November 2018. 1.2 Terms and abbreviations used in this Guideline should be interpreted by reference to the definitions set...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/20190913_1_Appendix_A.pdf -
Date: 2019-12-24
... highlighted in the exact area(s) with mismatch. (C) FNA for Corporate Customer: The LIC would not design a separate FNA for Corporate Customer e.g. Key Person Life Insurance, which would be developed by individual LIMs with their business need. After implementation of the FNA on 1 January 2016, if you have...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/1_HKFI_FAQ_Initiative_on_FNA_v1_13_11_2015_20190823.pdf -
Date: 2019-12-20
... treated in the manner set out under paragraph 6. 8. Amendment 8.1. The Authorities will review the operation of this Co-operation Agreement and update its terms as required. 8.2. This Co-operation Agreement may be amended if both Authorities agree in writing to do so. Executed by the Authorities: For the...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/Attachment_1.pdf -
Date: 2020-09-28
... treated in the manner set out under paragraph 6. 8. Amendment 8.1. The Authorities will review the operation of this Co-operation Agreement and update its terms as required. 8.2. This Co-operation Agreement may be amended if both Authorities agree in writing to do so. Executed by the Authorities: For the...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/Attachment_1.pdf -
Date: 2021-11-01
... treated in the manner set out under paragraph 6. 8. Amendment 8.1. The Authorities will review the operation of this Co-operation Agreement and update its terms as required. 8.2. This Co-operation Agreement may be amended if both Authorities agree in writing to do so. Executed by the Authorities: For the...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/Attachment_1.pdf -
Date: 2021-09-01
... treated in the manner set out under paragraph 6. 8. Amendment 8.1. The Authorities will review the operation of this Co-operation Agreement and update its terms as required. 8.2. This Co-operation Agreement may be amended if both Authorities agree in writing to do so. Executed by the Authorities: For the...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/Attachment_1.pdf -
Date: 2020-06-19