... smaller issues, which individually may not justify a pecuniary penalty, but which do so when taken collectively; (x) whether the conduct is or was part of a more serious misconduct; (xi) in case of a responsible officer of a firm (i.e. a sole proprietor, partnership or company), or a person involved in...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/GuidelineonExercisingPowertoImposePecuniaryPenaltyinRespectofRegulatedPersonsundertheInsuranceOrdinance_Brokers.pdf -
Date: 2020-06-24
... analytics and telematics that lead to extended coverage for high risk groups such as chronic patients; compressed cost structures; marketing and distribution channels suited to lifestyle of the young and tech-savvy; speedier and paperless claims settlement; minimum lead time for underwriting; 7x...
https://www.ia.org.hk/english/infocenter/files/FT_Asia_Insurance_Summit_2018.pdf -
Date: 2020-06-12
... smaller issues, which individually may not justify a pecuniary penalty, but which do so when taken collectively; (x) whether the conduct is or was part of a more serious misconduct; (xi) in case of a responsible officer of a firm (i.e. a sole proprietor, partnership or company), or a person involved in...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/Guideline_on_Pecuniary_Penalty_English.pdf -
Date: 2019-09-10
... smaller issues, which individually may not justify a pecuniary penalty, but which do so when taken collectively; (x) whether the conduct is or was part of a more serious misconduct; (xi) in case of a responsible officer of a firm (i.e. a sole proprietor, partnership or company), or a person involved in...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Guideline_on_Pecuniary_Penalty_English.pdf -
Date: 2019-11-29
... who manages or controls any matter relating to a regulated activity of that company. Contravention – A person who contravenes this restriction commits an offence and is liable to a fine of up to level 6 (i.e. HK$100,000 at present) and 6 months’ imprisonment. Commentary and Guidance – During the past...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Cir_Agencies_dd_18122020.pdf -
Date: 2020-12-21
... bank selling insurance as an insurance agency is therefore required to be registered with the Insurance Agents Registration Board (“IARB”) of the Hong Kong Federation of Insurers. Part X of the Insurance Companies Ordinance provides the legal backing to this self-regulatory mechanism. Those bank staff...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/text-ilens14.pdf -
Date: 2020-09-28
... bank selling insurance as an insurance agency is therefore required to be registered with the Insurance Agents Registration Board (“IARB”) of the Hong Kong Federation of Insurers. Part X of the Insurance Companies Ordinance provides the legal backing to this self-regulatory mechanism. Those bank staff...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/text-ilens14.pdf -
Date: 2021-11-01
... bank selling insurance as an insurance agency is therefore required to be registered with the Insurance Agents Registration Board (“IARB”) of the Hong Kong Federation of Insurers. Part X of the Insurance Companies Ordinance provides the legal backing to this self-regulatory mechanism. Those bank staff...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/text-ilens14.pdf -
Date: 2021-09-01
... bank selling insurance as an insurance agency is therefore required to be registered with the Insurance Agents Registration Board (“IARB”) of the Hong Kong Federation of Insurers. Part X of the Insurance Companies Ordinance provides the legal backing to this self-regulatory mechanism. Those bank staff...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/text-ilens14.pdf -
Date: 2020-06-19