... the IA to collect premium levies from policy holders, authorization fees from insurance companies, and fees from users for specific services to finance its operations. To mitigate the impact on policy holders, an incremental approach has been adopted to gradually adjust the premium levy rate until the...

... statutory conduct requirements when they engage in conducting sales and marketing activities and giving advice in relation to MPF schemes. The MPFA has issued the Guidelines on Conduct Requirements for Registered Intermediaries to assist the registered MPF intermediaries in understanding how to comply with...

...”. Note: The Code of Practice for Life Insurance Replacement (“the Code”) is a self-regulatory measure of the insurance industry promulgated by The Hong Kong Federation of Insurers (“HKFI”). Where there is any discrepancy between the version of the Code published on this website and that of the HKFI, the...

... this Guidance Note on Conducting “Know Your Client” Procedures for Long Term Insurance Business (Including Linked Long Term Insurance). Background CIB Membership Regulation 14.7.2 requires our Members and their Chief Executive and Technical Representatives to use a suitable confidential questionnaire...

... Insurance Companies Ordinance (Chapter 41) GUIDELINE ON MINIMUM REQUIREMENTS FOR INSURANCE BROKERS Insurance Authority Contents Page 1. Introduction 1 2. Authorization/Approval of Insurance Brokers/Bodies of Insurance Brokers 4 3. Minimum Requirements for compliance by Insurance Brokers and...

...: Insurtech Sandbox Fast track for applications for authorization of new insurers owning and operating solely digital distribution channels Insurtech Facilitation Team Working Group on Embracing Fintech in Hong Kong under Future Task Force On international...

...% of the insurance premium per policy year and increase gradually to 0.1%. The amount of the levy imposed on each policy will be subject to a cap. Except for certain policies2 exempt from the levy by law, policy holders of all new or in-force life insurance policies and general insurance...

... Reconnaissance and Sabotage Battalion of Chechen Martyrs (RSRSBCM) (item 88) Special Purpose Islamic Regiment (SPIR) (item 93) In addition, one name, Makhtab Al-Khidamat/Al Kifah, which was originally on the "individuals" list has been moved to item 70 on the Al-Qaida "...

... Reconnaissance and Sabotage Battalion of Chechen Martyrs (RSRSBCM) (item 88) Special Purpose Islamic Regiment (SPIR) (item 93) In addition, one name, Makhtab Al-Khidamat/Al Kifah, which was originally on the "individuals" list has been moved to item 70 on the Al-Qaida "...

... Requirements for Employees of Authorized Insurers under Regulatory Regime for Insurance Intermediaries (“Explanatory Note”) has been issued today and is available on our website www.ia.org.hk. The new regulatory regime for insurance intermediaries is an activity based regime and planned to come into operation...