... effect of putting the insurance institution concerned in financial jeopardy. In considering this factor, the IA will take into account the size and financial resources of the insurance institution. 2.6. The more serious the contravention, the greater the likelihood that the IA will impose a pecuniary...

... application process is video or audio recorded. You should first check with the intermediary about the relevant requirements for taking out a policy. Dos Dos and don’ts of virtual onboarding via video conference 6 May 2021 To learn more, visit the Insurance Authority’s thematic webpage of Insurance Digital...

... e-signing to ensure that you know how many documents are being confirmed and understand the contents of all of them. Review all documents carefully before e-signing them. 6 To learn more, visit the Insurance Authority’s thematic webpage of Insurance Digital Onboarding, and read the “Insurance Digital...

... payment system will generally be provided for online self-services insurance. If you agreed or chose to renew your policy automatically every year, your bank account or credit card will be automatically debited to pay the premium for policy renewal before the policy expires. 6. Cooling-off...

... criminal offence to provide false information to the IA in connection with an application for a licence or an approval under the Ordinance2. An individual who commits such offence, if found guilty, will be liable to a fine at level 53 and to imprisonment for 6 months. As stated, the IA will have no...

... 31 July 2022). Appointing principals may download their CPD lists by: i. logging into their IIC Supervisor account; ii. clicking the ‘Report’ option from the vertical menu on the left; iii. selecting ‘6. CPD hours required for the Assessment Period of 2021/2022’ from the pull down menu of Report Type...

... avoided. 2.5. A pecuniary penalty should not have the likely effect of putting the insurance institution concerned in financial jeopardy. In considering this factor, the IA will take into account the size and financial resources of the insurance institution. 2.6. The more serious the contravention, the...

... institution. 2.6. The more serious the contravention, the greater the likelihood that the IA will impose a pecuniary penalty and that the size of the penalty will be larger. In determining the seriousness of a contravention, the IA will consider all of the circumstances of the case and take into account but...

... effect of putting the insurance institution concerned in financial jeopardy. In considering this factor, the IA will take into account the size and financial resources of the insurance institution. 2.6. The more serious the contravention, the greater the likelihood that the IA will impose a pecuniary...