... 31 July 2022 available through IIC. Any principals who still have not set up for their Supervisor Account in IIC should do so as soon as possible. To do this, they should submit a signed Form A2 to the IA by email to [email protected] and visit the “Forms – Insurance Intermediaries” webpage on the...

... fit and proper in order to be licensed, and this requirement is ongoing. In addition, the IA has, based on the existing codes of conduct from the SROs, formulated new codes of conduct which set out the professional standards expected from insurance intermediaries. These include the requirements on...

... greater the likelihood that the IA will impose a pecuniary penalty and that the size of the penalty will be larger. In determining the seriousness of a contravention, the IA will consider all of the circumstances of the case and take into account but not limited to the factors set out below. (a) The...

... not limited to the factors set out below. (a) The nature, seriousness and impact of the contravention, including: (i) whether the contravention is intentional or reckless or negligent – a contravention caused merely by negligence or conduct which only results in a technical breach is generally...

... penalty and that the size of the penalty will be larger. In determining the seriousness of a contravention, the IA will consider all of the circumstances of the case and take into account but not limited to the factors set out below. (a) The nature, seriousness and impact of the contravention, including...

...�cer approved by the IA . Maintain a client account with a bank in Hong Kong . Compliance with the requirements set out in the Insurance (Financial and Other Requirements for Licensed Insurance Broker Companies) Rules . Proper corporate governance, internal controls and risk management (organizational...

... the customization complies with all the requirements set out in paragraphs 7.1-7.4 of the Guideline. Q8 Referring to paragraph 7.2 of the Guideline, please provide some examples of information not to be “relevant” and “value to customers”, which depend on customer’s judgment. This may discourage...

... the customization complies with all the requirements set out in paragraphs 7.1-7.4 of the Guideline. Q8 Referring to paragraph 7.2 of the Guideline, please provide some examples of information not to be “relevant” and “value to customers”, which depend on customer’s judgment. This may discourage...

... (“CPD”) Requirements CPD Compliance Reporting for the Assessment Period 2021/2022 Detailed instructions for reporting by individual licensees and appointing principals to the Insurance Authority (“IA”) Further to our circular dated 28 January 2022, we write to set out the CPD compliance reporting...

... years later, they had a daughter named Ella. Sharon gave up work to take care of the two children (and their pet dog). Teddy bought a bigger apartment for his family which meant him taking on a sizable mortgage loan. His parents, who had now retired, moved in with them. At this stage of his life, Teddy...