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⏭... new regime for 3-years. In this circular, these agencies, ROs and their TRs are referred to as “deemed licensees”. Each deemed licensee has a licence which runs from 23 September 2019 to 22 September 2022 (“transitional period”). During this transitional period, every deemed licensee needs to apply...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Deemed_licensee_agency_company.pdf -
Date: 2020-12-21
... September 2019 to 22 September 2022 (“transitional period”). During this transitional period, every deemed licensee needs to apply for a new licence from the IA if they wish to continue to be a licensed insurance broker. Given the large number of deemed licensees, these applications need to be staggered...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Deemed_licensee_broker_company.pdf -
Date: 2020-12-21
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Introduction
...;SROs”)), including a transitional period of 3 years after commencement of the new regime (“Transitional Period”). Although the Transitional Period is ended on 22 September 2022, licence fee will continue to be waived for 5 years from the commencement of new regime....
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/introduction_of_insurance_intermediaries.html -
Date: 2023-06-26
... the first half of 2018, with total gross premiums reaching $253.7 billion, indicating an increase of 7.2% over the corresponding period in 2017. (Percentage changes in brackets in the following paragraphs represent changes over the corresponding period of last year) Long...
https://www.ia.org.hk/english/infocenter/press_releases/Insurance_Authority_releases_provisional_statistics_of_Hong_Kong_insurance_industry_in_the_first_half_of_2018.html -
Date: 2021-09-03
[HTML]
Requirements on Lloyd’s
... Regulatory Requirements on Lloyd's Lloyd's is subject to similar regulatory requirements applicable to other authorized insurers. During any period when a member of Lloyd's is carrying on insurance business in Hong Kong, Lloyd's, a member of...
https://www.ia.org.hk/english/supervision/reg_insurers_lloyd/requirements_on_lloyds.html -
Date: 2020-12-22
... transitional period to enable authorized insurers and licensed insurance intermediaries to align their documentation, controls and processes with the enhanced requirements on OA ILAS products for Professional Investor (PI) as set out in Q&A 31A and 32A to 32E of this Circular (“Enhanced OA ILAS Requirements...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/New_QNAs_to_Interpretation_Notes.pdf -
Date: 2021-12-10
... transitional period to enable authorized insurers and licensed insurance intermediaries to align their documentation, controls and processes with the enhanced requirements on OA ILAS products for Professional Investor (PI) as set out in Q&A 31A and 32A to 32E of this Circular (“Enhanced OA ILAS Requirements...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/New_QNAs_to_Interpretation_Notes.pdf -
Date: 2021-09-09
... nurture talents for the insurance sector. The Programme offers a total of 31 temporary positions each for an employment period of up to 12 months. They are created under various functions of the IA, including supervision, licensing, complaint handling, enforcement and administrative...
https://www.ia.org.hk/english/aboutus/careers/InsuranceTalentDevelopmentProgramme.html -
Date: 2023-03-02
...: A minimum total premium of HK$180,000 and minimum payment period of five years; A minimum annuity period of 10 years; Annuitization at the age of 50 or above; and Fulfilment of the following disclosure requirements...
https://www.ia.org.hk/english/qualifying_deferred_annuity_policy/faqs.html -
Date: 2020-07-22
... backlog – Compliance Review & Resources 7 Findings: Rectification process for certain identified AML/CFT gaps or deficiencies: repeated postponement of target completion timelines (e.g. over 1 year) outstanding for a substantial period of time (e.g. over 1 year) subsequent recurrence of...
https://www.ia.org.hk/english/supervision/antimoney_laundering/files/IA_AML_findings_briefing_20180531.pdf -
Date: 2021-11-12