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GL3A_Appendix_A.pdf
... 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...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/GL3A_Appendix_A.pdf -
Date: 2019-02-01
... 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...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/20190913_1_Appendix_C.pdf -
Date: 2019-12-24
[PDF]
GL3A_Eng.pdf
... 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...
https://www.ia.org.hk/english/enforcement/anti_money_laundering_and_counter_terrorist_financing/files/GL3A_Eng.pdf -
Date: 2019-12-27
... intermediary, approach the insurer of your existing policy for a balanced view. 6 Don’ts 1. Don’t just look at the premium amount in deciding to replace your insurance policy. The difference in premiums normally reflects the difference in policy coverage and terms. 2. Don’t take the information contained in...
https://www.ia.org.hk/english/consumer/files/life_insurance_policy_eng.pdf -
Date: 2020-04-21
... ...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/1_CIB_GN4_on_Conduct_NA_for_LT_Bus_Incl_LLT_v1_22_6_2007_eg19.pdf -
Date: 2019-12-20
... potential market malpractice, but also enable prospective policy holders to make informed decisions. Following the implementation of GL15, an additional illustration rate of zero investment return (0%) was also required from January 2015 on top of the illustration rates of 3%, 6% and 9% as set in...
https://www.ia.org.hk/english/consumer/industry_practices_associated_with_the_sale_of_Insurance_policies.html -
Date: 2020-04-21
... their personal bank accounts for premium settlement. After payment of premiums, you should ask for a receipt. 5. Don’t blindly rely on the licensed insurance intermediaries. You should personally check the policy details and enquire of the insurer concerned should you have any doubts. 6 Complaints If...
https://www.ia.org.hk/english/infocenter/files/Life_Insurance_Policy_e_Jun_2021.pdf -
Date: 2021-12-14
..., with confirmed cases surging from low single digits to near one hundred over the last weekend. The International Monetary Fund forecasted that the world economy would contract by 4.9% this year. Leading international reinsurers expect that global long term premiums will recede by 6% and general...
https://www.ia.org.hk/english/infocenter/files/Asian_Insurance_Forum_2020.pdf -
Date: 2021-09-08
... their personal bank accounts for premium settlement. After payment of premiums, you should ask for a receipt. 5. Don’t blindly rely on the licensed insurance intermediaries. You should personally check the policy details and enquire of the insurer concerned should you have any doubts. 6 Complaints If...
https://www.ia.org.hk/english/infocenter/files/Life_Insurance_Policy_e_Jun_2021.pdf -
Date: 2022-05-24