... certain policies exempt from the levy by law , policy holders of all new or in-force life insurance policies and general insurance policies (such as travel, motor, property and household insurance) must pay the levy along with their premium payment. Levy rates and cap To reduce the impact on policy...

... certain policies exempt from the levy by law , policy holders of all new or in-force life insurance policies and general insurance policies (such as travel, motor, property and household insurance) must pay the levy along with their premium payment. Levy rates and cap To reduce the impact on policy...

... specified in a Guideline issued by the Insurance Authority (“IA”) and has been certified by the IA for this purpose. A list of all QDAPs is maintained on the IA’s website (www.ia.org.hk). (b) Guideline on Qualifying Deferred Annuity Policy (GL19) Taking effect on 1 April 2019, the Guideline on Qualifying...

... Recommendation for Long Term Insurance Business (Including Linked Long Term Insurance). To avoid any doubt or confusion, this Guidance Note is NOT applicable to General Insurance Business or indemnity-type medical insurance wrapped under long term insurance policy. Background On 30 July 2014, the Office of the...

... activities in long term insurance (“insurance intermediaries”) in Hong Kong. Premium financing is an insurance funding arrangement whereby a customer purchases a life insurance policy and finances the payment of the premiums under the policy using a loan facility provided by a lender (usually a bank). The...

... policyholder applied for home insurance is excluded from coverage. For example, a home insurance policy may not cover any losses caused by water leakage that existed in a newly build property when the owner moved in. Property owners should first seek the assistance of a building inspector and ensure the...

... regulated activity. Accordingly, an employee of an authorized insurer who carries on a regulated activity (e.g. direct sales staff who give advice on the coverage of a particular insurance product to an existing or potential policy holder) or holds out that he/she is carrying on a regulated activity, would...

... regulated activity. Accordingly, an employee of an authorized insurer who carries on a regulated activity (e.g. direct sales staff who give advice on the coverage of a particular insurance product to an existing or potential policy holder) or holds out that he/she is carrying on a regulated activity, would...