... 2017 2018 Percentage of Premium contributed by MCV Premiums (HKD billion) Mainland China Visitors Premium contributed by MCV (RHS) Market Overview Long Term Business – Mainland Chinese Visitors 4.0% 39.2% 29.3% Implementation of GL16* * Previous known as Guidance Note on Underwriting Long Term...

... senior political figure related Inconsistent with customer’s economic profile Pay premium of an insurance policy in large amount of cash Red Flags Red Flags –– Insurance SectorInsurance Sector ©Hong Kong Police Force香港警務處版權所有 Red Flags Red Flags –– Insurance SectorInsurance Sector Repeated and...

... not be excessive relative to the amount of  premium payable for that product.    4. Effective Date    4.1. This Guidance Note applies with effect from 1 January 2012.    4.2. This  Guidance  Note  does  not  apply  to  gifts  offered  or  bonus  or  incentive  schemes  in  operation before 1 January...

... to keep client monies in a client account separate from his own monies. As a general principle, monies received from client for the purpose of purchasing contract of insurance should be paid into a client account, and premium monies required to be paid on behalf of client to insurers should be...

... the quotation, cover note, the premium debit note or covering letter, whichever be issued earlier by the Member to the client. The required Form of Disclosure shall be as follows:- "[Broker Name] (the “Company”) is remunerated for its services by the receipt of commission paid by insurers. Your...

... policies must be issued (and with premium duly paid) on or before 31 March 2020. Temporary facilitative measures on the supervisory requirements are therefore introduced to facilitate non-F2F distribution methods for these two particular products as a matter of priority. To ensure the interests of...

... policies must be issued (and with premium duly paid) on or before 31 March 2020. Temporary facilitative measures on the supervisory requirements are therefore introduced to facilitate non-F2F distribution methods for these two particular products as a matter of priority. To ensure the interests of...

... regulatory issues relating to conduct in the insurance market. This issue looks at the topic of complaints arising from the handling of premium by insurance agents, provides a broad overview of the IA’s approach to enforcement, and examines how the general principles of good conduct on which the new...

... QDAP Selection Made Easy QDAP Selection Made Easy allows you easily search for the current available QDAP options with applicable product features. Simply answer 5 questions, including current age, policy currency, premium payment period, annuity...

... adopted the Cooling-off Initiative promulgated by the Hong Kong Federation of Insurers, under which policyholders have the rights to cancel new life insurance policies within the Cooling-off Period and obtain a refund of the premium(s) paid. The Cooling-off Period will be 21 days after the delivery of the...