... general insurance side, while total premium income did not seem to show any increase, industry source confirms that business activities have picked up; the increase in volume, however, has been offset by the drastic fall in premium level. Clearly, the Hong Kong insurance industry has benefited from the...

... 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...

... called an underwriter5. An underwriter’s main duties include analysis of risks, determination of premium to be charged, provision of an insurance quote, determination of policy terms, and placement of reinsurance. 3.3. For the purpose of making an assessment of the risks associated with an insurance...

... called an underwriter5. An underwriter’s main duties include analysis of risks, determination of premium to be charged, provision of an insurance quote, determination of policy terms, and placement of reinsurance. 3.3. For the purpose of making an assessment of the risks associated with an insurance...