... premiums (excluding Retirement Scheme business) of long term business were $133.4 billion (decreased by 22.8%), made up of $120.2 billion from Individual Life and Annuity (Non-Linked) business (decreased by 25%) and $12.8 billion from Linked business (increased by 8.8%). In 2020, some 64,000 Qualifying...
https://www.ia.org.hk/english/infocenter/press_releases/20210312.html -
Date: 2021-09-03
... 2.1.3 Whole Life Insurance 2.2 Non-Traditional Types of Life Insurance 2/6 2.2.1 Universal Life Insurance 2.2.2 Unit-Linked Long Term Insurance 2.3 Annuities and Pensions 2/9 2.3.1 Annuities 2.3.2 Pensions 2.4 Group and Individual Insurance Plans 2/11 3. BENEFIT RIDERS AND OTHER PRODUCTS 3/1 3.1...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/P3_SN_eng_2016.docx -
Date: 2019-12-02
... scenarios should not be overly optimistic. 4. Suitability Assessment 4.1 ILAS products should only be sold to client with both investment and insurance needs. 2 4.2 Member should endeavour to reduce the risk of sales that do not meet the needs of client. 4.3 Member should seek the information from clients...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/1_PIBA_Guidance_Note_on_Conducting_Investment_Linked_Business_v1_24_12_2014_eg19.pdf -
Date: 2019-12-20
... of the licensed individual insurance agent, and (in the case of a licensed insurance agency and a licensed insurance broker company) its controller(s), director(s) and responsible officer(s)3, and may result in disciplinary action being taken against the regulated persons4. 2 For interpretations of...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/GL3_AML_Eng.pdf -
Date: 2020-06-16
... of the licensed individual insurance agent, and (in the case of a licensed insurance agency and a licensed insurance broker company) its controller(s), director(s) and responsible officer(s)3, and may result in disciplinary action being taken against the regulated persons4. 2 For interpretations of...
https://www.ia.org.hk/english/legislative_framework/files/GL3_Eng.pdf -
Date: 2020-09-24
... agent, and (in the case of a licensed insurance agency and a licensed insurance broker company) its controller(s), director(s) and responsible officer(s)3, and may result in disciplinary action being taken against the regulated persons4. 2 For interpretations of the terms “director” and “controller...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/20190913_1_Appendix_A.pdf -
Date: 2019-12-24
... distributed to third parties, or used for commercial purposes without the OCI’s prior written consent. Office of the Commissioner of Insurance The Government of the Hong Kong Special Administrative Region 2 Chapter 1 – Overview 1.4: Purposes – a. General background on ML/TF and the applicable legislation b....
https://www.ia.org.hk/english/supervision/antimoney_laundering/files/e-ppt20121005-01.pdf -
Date: 2021-11-12
... distributed to third parties, or used for commercial purposes without the OCI’s prior written consent. Office of the Commissioner of Insurance The Government of the Hong Kong Special Administrative Region 2 Chapter 1 – Overview 1.4: Purposes – a. General background on ML/TF and the applicable legislation b....
https://www.ia.org.hk/english/supervision/antimoney_laundering/files/e-ppt20121005-01.pdf -
Date: 2022-04-27