... 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...

... Solodkiy: “Today’s consumers want to be able to get educated, get a quote and buy a policy from the comfort of their home or car via smartphone in less than 15 minutes. Just as fintech is transforming the banking world, ‘insurtech’ has set its sights on the insurance industry.” While we are witnessing how...

... 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 licensing requirements under the Ordinance have the benefit of these views, the IA has decided to issue this additional Explanatory Note (“Note”). A.4 In section B of this Note we set out the IA’s general approach in considering the issue of whether or not a person is required to obtain a licence...

... the licensing requirements under the Ordinance have the benefit of these views, the IA has decided to issue this additional Explanatory Note (“Note”). A.4 In section B of this Note we set out the IA’s general approach in considering the issue of whether or not a person is required to obtain a licence...

... 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...