... Proposed New Rules, Codes and Guidelines We are developing a new set of rules, codes and guidelines for the supervision of licensed insurance intermediaries under new regime.  When setting the new requirements, references are made to the rules and regulations...

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

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

... Cap. 41J    Insurance (Levy) Order Cap. 41K   Insurance (Maximum Number of Authorized Insurers) Rules Cap. 41L   Insurance (Financial and Other Requirements for Licensed Insurance Broker Companies) Rules Cap. 41M  Registration of...

... contract and then issuing ILS to investors to collateralize the risk acquired. A company will need to meet certain requirements in order to be authorized by the IA as an SPI, including – (a) the company will be fully-funded, meaning that the full liabilities of the company to the cedant must be fully...

... contact details of its TRs from the e-portal, verify this information, update it as necessary, and then upload the updated information to the e-portal. 4) The IA will then send e-mails to each of the TRs, inviting them to activate their individual accounts in the e-portal in order to submit their licence...

... necessary, and then upload the updated information to the e-portal. 4) The IA will then send e-mails to each of the TRs, inviting them to activate their individual accounts in the e-portal in order to submit their licence applications. 5) Once activated, the TR can access his/her e-portal account and will...

... policy holders of all life insurance policies and general insurance policies (such as travel, motor, property or household insurance). Levy rates and cap The levy is being introduced in four phases. In Phase 1, which took effect on 1 January 2018, the levy rate was set at 0.04% of the insurance premium...

... policy holders of all life insurance policies and general insurance policies (such as travel, motor, property or household insurance). Levy rates and cap The levy is being introduced in four phases. In Phase 1, which took effect on 1 January 2018, the levy rate was set at 0.04% of the insurance premium...

... policy holders of all life insurance policies and general insurance policies (such as travel, motor, property or household insurance). Levy rates and cap The levy is being introduced in four phases. In Phase 1, which took effect on 1 January 2018, the levy rate was set at 0.04% of the insurance premium...