... insured and premium level, consider your objectives, and evaluate your protection needs and financial situation. If I change my mind right after purchasing a life insurance policy, can I cancel it? 4 To protect the interests of policyholders, a “cooling-off period” applies to all life insurance products...

... without cash value. To protect policy holders, insurers and intermediaries have to perform upfront disclosure at the point-of-sale and apply an extended cooling-off period of no less than 30 calendar days for the policy holders to seek professional advice if found necessary. The extension of the...

... CPD Compliance Reporting for the Assessment Period 2021/2022 31 May 2022 Our Ref: MC/CPD/CIR By email only To: Chief Executives of all authorized insurers, Responsible Officers of all licensed insurance agencies and licensed insurance broker companies Dear Sirs, Continuing Professional Development...

... disclosure and extended cooling-off period to achieve the fair treatment of customers. /….. 2 Without the FNA process which is required when intermediaries provide a recommendation, upfront disclosure must be made by the intermediaries to ensure that the customers are aware of the nature, features and risks...

... disclosure and extended cooling-off period to achieve the fair treatment of customers. /….. 2 Without the FNA process which is required when intermediaries provide a recommendation, upfront disclosure must be made by the intermediaries to ensure that the customers are aware of the nature, features and risks...

... measures that enable designated protective insurance products to be sold without face-to-face interactions subject to enhanced disclosure requirements and a longer cooling-off period. In parallel, the scrutiny of applications for pilot trial under the Insurtech Sandbox involving virtual on-boarding was...

... period Under a premium financing arrangement, your right to cancel your policy within the cooling-off period may also be assigned to the financial institution. Consequently, any cancellation requests made may require the consent of the financial institution first. Even if it agrees to your...

... Insurers and intermediaries can distribute those products via different non-face-to-face means, such as digital, telemarketing, postal or video conferencing, but are required to make upfront disclosure at the point-of-sale and provide an extended cooling-off period of no less than 30 calendar days for the...

... and potential policy holders are not adversely affected, including mandatory upfront disclosure at the point-of-sale and an extended cooling-off period of no less than 30 calendar days. The extension of the temporary facilitative measures was communicated to authorized long-term insurers via...

... electronic signature, onsite recording, personal identification number (“PIN”) verification, sign-and-return-mail, one-time- password etc in lieu of wet signature by the customers. (vi) The cooling-off period should be extended to no less than 30 calendar days for policies sold with the variation of...