... the minimum indemnity limit under professional indemnity insurance (PII) policy. Having carefully considered the feedback received, the IA decides to adopt most of the proposals with suitable modifications. To ease the financial impact on the small-sized insurance broker companies, the IA will extend...

... broker company is a company which is granted an insurance broker company licence under section 64ZA of the IO to carry on regulated activities in one or more lines of business, and to perform the act of negotiating or arranging an insurance contract as an agent of any policy holder or potential policy...

... Understanding Home Insurance What is home insurance? Taking out a home insurance policy allows policyholders to shift responsibility to an insurer for any expenses arising from the loss of household possessions, including appliances, furniture...

... Insurance Authority – Briefing Session on 21 July 2017 31 July 2017 1 Bullet points of major principles/concepts for premium levy collection:  Deduct levy (together with premium) by auto-pay  Need policy holder consent, e.g. notify policy holder of the “default option” and allow opt out in...

... Insurance Authority publishes its Annual Report 2018-19 8 January 2020   The Insurance Authority (IA) today (8 January 2020) published its Annual Report 2018-19, which provides an overview of key activities carried out and major efforts...

... insurance policy, and assess your personal financial position and ability to pay for the policy. Never take out an insurance policy simply because of a promotion or discount. Before applying for insurance online, you can make good use of online resources and tools (such as the Protection Needs...

... the global competitiveness of our insurance industry whilst strengthening protection for policy holders. I am glad that he would continue to support us on this journey,” said Dr Moses Cheng, Chairman of the IA. “It is my pride and honour to be given an opportunity to serve the...

... Insurance Authority publishes Annual Report 2016-17 22 November 2017 The Insurance Authority (IA) today (22 November 2017) published its Annual Report 2016-17, summarising its major initiatives from April 2016 to March 2017. “The...

... Understanding a Participating Policy What is a participating policy? A participating policy is commonly featured in long term insurance products, such as whole life insurance, endowment insurance or critical illness insurance products that have a...

...) 18 June 2020 Explanatory Note on Section 121 of the Insurance Ordinance (Cap. 41) – Non-disclosure requirement in relation to information obtained in the course of inspection, investigation or disciplinary action 22 October 2019...