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⏭... KONG MAINLAND MACAO A maximum penalty of a fine of HKD 10,000, imprisonment for 12 months and disqualification from holding a driving license for 12 months to 3 years. A fine of double the insurance premium and detainment of the vehicle concerned. A fine of MOP 3,000 RELEVANT PENALTIES Tips for Buying...
https://www.ia.org.hk/english/infocenter/files/HZMB_Leaflet_EN_Final.pdf -
Date: 2020-06-23
... insurance and risk expertise with the aim of realising the potential of BRI. It aims to serve as a forum for exchanging ideas, identifying opportunities and creating solutions that will enable projects to happen,” said Dr Moses Cheng. A total of 29 insurers, reinsurers and insurance brokers have...
https://www.ia.org.hk/english/portal_for_insurers/brief/20181211.html -
Date: 2018-12-18
[PDF]
Table-L18_2018.pdf
... Zurich Life 31-12-18 - - - - 市場總額 Market Total - - 171 1,706 ...
https://www.ia.org.hk/english/infocenter/statistics/files/Table-L18_2018.pdf -
Date: 2019-09-30
[PDF]
Table-L18_2019.pdf
... 31-12-19 - - - - Zurich Life Zurich Life 31-12-19 - - - - 市場總額 Market Total - - 186 1,729 ...
https://www.ia.org.hk/english/infocenter/statistics/files/Table-L18_2019.pdf -
Date: 2020-09-30
... Convoy Financial Solutions Limited (collectively the Companies) and has ordered each pay a fine of $95,000 (total $190,000) for failing to keep separate client accounts and maintain proper books and records. The disciplinary actions follow an investigation by the IA which discovered that during...
https://www.ia.org.hk/english/infocenter/press_releases/20230330.html -
Date: 2023-03-30
[PDF]
Table-L17_2017.pdf
... Zurich International 31-12-17 - - - - Zurich Life Zurich Life 31-12-17 - - - - 市場總額 Market Total 36,792 996 7,314,138 382,205 ...
https://www.ia.org.hk/english/infocenter/statistics/files/Table-L17_2017.pdf -
Date: 2019-08-19
[PDF]
GL7.pdf
... guiding principles: (a) Objective of the valuation The objective of the provisioning process is to quantify a total amount of assets sufficient to meet the obligations of the insurer against its policy holders. (b) Consideration of management action The insurer can only assume and incorporate into the...
https://www.ia.org.hk/english/legislative_framework/files/GL7.pdf -
Date: 2020-09-24
... Insurance Fixed Fee (HK$) (a) Variable Fee (Capped) (HK$) (b) Total (HK$) (a) + (b) General Business 300,000 7,000,000 7,300,000 Long Term Business 300,000 7,000,000 7,300,000 Composite 600,000 14,000,000 14,600,000 Captive Insurer 30,000 7,000,000 7,030,000 1 According to section 20(1A) of Cap. 41, any...
https://www.ia.org.hk/english/aboutus/role/files/Note_on_annual_authorization_fee.pdf -
Date: 2020-06-15
... Insurance Fixed Fee (HK$) (a) Variable Fee (Capped) (HK$) (b) Total (HK$) (a) + (b) General Business 300,000 7,000,000 7,300,000 Long Term Business 300,000 7,000,000 7,300,000 Composite 600,000 14,000,000 14,600,000 Captive Insurer 30,000 7,000,000 7,030,000 1 According to section 20(1A) of Cap. 41, any...
https://www.ia.org.hk/english/aboutus/role/files/Note_on_annual_authorization_fee.pdf -
Date: 2021-09-13
... into account the customers’ total protection needs, total disposable assets, financial outgoings and liabilities, as well as his/her willingness and ability to pay premium (and the duration of payment) in assessing the affordability of customer before making recommendation. The factors considered...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/5_HKFI_Initiative_on_FNA_v5_14_7_2015_20190823.pdf -
Date: 2019-12-20