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... Separate subsidiary legislation for the collection of a levy on premiums from policy holders with effect from 1 January 2018 has been submitted to the Legislative Council for vetting. Members of the public are welcome to visit the IA website, which will be launched on 26 June 2017, to learn more...
https://www.ia.org.hk/english/infocenter/press_releases/insurance_authority_to_start_regulating_insurance_companies_tomorrow.html - Date: 2017-09-07
... intermediary licence applications Monitoring on-going compliance with the Insurance Ordinance by licensed insurance intermediaries Exercising powers of inspections and investigations Imposing disciplinary sanctions on substantiated cases IA proposes to take...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/implementation_new_regulatory_regime_for_insurance_intermediaries.html - Date: 2019-08-23
... Holders’ Protection Scheme (“PPS”). Further to the consultation with the Legislative Council Panel on Financial Affairs on the legislative proposals in 2018, the enabling legislation for establishing PPS is being prepared with a plan to introduce the relevant bill into the Legislative Council in the 2020...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Circular_02062020.pdf - Date: 2020-06-15
... Holders’ Protection Scheme (“PPS”). Further to the consultation with the Legislative Council Panel on Financial Affairs on the legislative proposals in 2018, the enabling legislation for establishing PPS is being prepared with a plan to introduce the relevant bill into the Legislative Council in the 2020...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Circular_02062020.pdf - Date: 2020-12-21
... conduct equivalence assessment on the insurance solvency regulatory regimes of the Mainland and Hong Kong. At present, the Mainland and Hong Kong are developing their own enhanced risk-based solvency regulatory regimes with reference to their own circumstances and international benchmarks. The Agreement...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/pr_20170516.pdf - Date: 2020-09-28
... conduct equivalence assessment on the insurance solvency regulatory regimes of the Mainland and Hong Kong. At present, the Mainland and Hong Kong are developing their own enhanced risk-based solvency regulatory regimes with reference to their own circumstances and international benchmarks. The Agreement...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/pr_20170516.pdf - Date: 2021-11-01
... conduct equivalence assessment on the insurance solvency regulatory regimes of the Mainland and Hong Kong. At present, the Mainland and Hong Kong are developing their own enhanced risk-based solvency regulatory regimes with reference to their own circumstances and international benchmarks. The Agreement...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/pr_20170516.pdf - Date: 2021-09-01
... conduct equivalence assessment on the insurance solvency regulatory regimes of the Mainland and Hong Kong. At present, the Mainland and Hong Kong are developing their own enhanced risk-based solvency regulatory regimes with reference to their own circumstances and international benchmarks. The Agreement...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/pr_20170516.pdf - Date: 2020-06-19
... regulator.  Like all markets, the insurance market comes with inherent imperfections and imbalances. Imbalance of knowledge and expertise: Insurance is a complex product dependent on actuarial risk evaluation, a subject within an insurer’s knowledge, but beyond that of an...
https://www.ia.org.hk/english/legislative_framework/Conduct_in_Focus_Issue_08_02.html - Date: 2024-01-12
... processing the application. 1. Application for Insurance Agency Licence (Form A5); 2. Application for Proposed Appointment of a Responsible Officer (Form A3); 3. Individual Licence Application by the proposed Responsible Officer (Form A1) together with the supporting documents as stated in the Notes on...
https://www.ia.org.hk/english/infocenter/forms/files/Checklist_Agency.pdf - Date: 2022-01-06