... up of post-sale service centres in the Greater Bay Area by Hong Kong insurers as a prelude to achieving full-scale financial connectivity. FOrwarD PErSPECTivE Looking ahead, the IA is envisaging another year full of opportunities for the insurance industry. We are committed to collaborating with...

... up of post-sale service centres in the Greater Bay Area by Hong Kong insurers as a prelude to achieving full-scale financial connectivity. FOrwarD PErSPECTivE Looking ahead, the IA is envisaging another year full of opportunities for the insurance industry. We are committed to collaborating with...

... up of post-sale service centres in the Greater Bay Area by Hong Kong insurers as a prelude to achieving full-scale financial connectivity. FOrwarD PErSPECTivE Looking ahead, the IA is envisaging another year full of opportunities for the insurance industry. We are committed to collaborating with...

... business day of receipt. 4.2 When receiving mixed remittance, i.e. part client monies and part other monies (e.g. commission), in one payment, deposit the full amount into the client accounts. 4.3 Hold own monies of the insurance brokers in client accounts ONLY when the monies are:- (a) The minimum amount...

... within the next business day of receipt. 4.2 When receiving mixed remittance, i.e. part client monies and part other monies (e.g. commission), in one payment, deposit the full amount into the client accounts. 4.3 Hold own monies of the insurance brokers in client accounts ONLY when the monies are:- (a...

... that there is an agency relationship, or a full agency relationship, between them, which will, for instance, entitle A to reimbursement by B of expenses incurred on behalf of B. The various types of authority that an agent may have are considered below: (a) Actual authority: The authority of an agent...

..., but distinct from, the issue of agency relationship. Where a certain act done by A purportedly on behalf of B will be binding on B, A is said to have B’s authority to do it; but that does not necessarily mean that there is an agency relationship, or a full agency relationship, between them, which will...

... which insurance business is conducted. In this issue, we present the statistics for complaints received by the IA for both the full year 2020 and the first quarter 2021. In our Practice section, we take a look at the regulatory issues which emerge when licensed individual insurance agents promote...