... an insured event takes place before departure, such as a severe natural disaster that makes the travel destination unsuitable to travel to, the insured person can file a claim according to the relevant policy terms before the trip starts. However, if an insurance policy is purchased only after the...

... June 2017 • IA was vested with certain administrative functions only and co-existed with the Office of the Commissioner of Insurance (OCI) Phase 2 • From 26 June 2017 • Takeover of OCI’s statutory functions • Self-regulatory regime for intermediaries remains unchanged Phase 3 • Within 2 years after 26...

... Q7 How can I check the amount of the qualifying deferred annuity premiums I paid? A7 The insurer will issue an Annual Summary to you within 40 days after the end of the year of assessment (i.e. 31 March), listing the total amount of qualifying...

... September 2019 to 22 September 2022 (“transitional period”). During this transitional period, every deemed licensee needs to apply for a new licence from the IA if they wish to continue carrying on regulated activities after 22 September 2022. There are approximately 106,300 deemed licensees, so processing...

... proposal with the CBIRC for Hong Kong insurers to set up service centres in the Greater Bay Area. These centres would offer claims processing and policy servicing to existing policy holders, and would upgrade customer experience in the region. Annual Report 2017-184 CHAIRMAN’S MESSAGE Robust Regulatory...