... IA commences licensing and regulation of insurance intermediaries 2019 History and Statutory functions 4 Promotion of the general stability of the insurance industry Protection of existing and potential policy holders Promote the competitiveness of the insurance industry in the global market Public...

... and misappropriating the premium payments from two policy holders. In 2014, the agent sold critical illness insurance policies to a friend whom he had known since childhood and his friend’s wife. In November 2017, the agent informed them that if they changed their current monthly...

...-linked securities, as well as drawing up of a mechanism for conduct supervision and disciplinary enforcement. The IA, and indeed the insurance industry, will continue to benefit from his guidance and shepherding,” Mr Yiu added. “I will treasure the opportunity to strive to build a team of professional...

... • Grounds on which such powers may be exercised clearly set out • Procedure requirements for exercising such powers • Take note of GL 18 11 Insurance Appeals Tribunal (IAT) • The IAT has been established to review specified decisions (including disciplinary decisions) made by IA (s.97 and Sch.10) • Mr...

... • Grounds on which such powers may be exercised clearly set out • Procedure requirements for exercising such powers • Take note of GL 18 11 Insurance Appeals Tribunal (IAT) • The IAT has been established to review specified decisions (including disciplinary decisions) made by IA (s.97 and Sch.10) • Mr...

... • Grounds on which such powers may be exercised clearly set out • Procedure requirements for exercising such powers • Take note of GL 18 11 Insurance Appeals Tribunal (IAT) • The IAT has been established to review specified decisions (including disciplinary decisions) made by IA (s.97 and Sch.10) • Mr...

... Insurance Authority publishes its Annual Report 2020-21 23 February 2022 The Insurance Authority (IA) today (23 February 2022) published its Annual Report 2020-21 entitled “Embracing the New Normal”, giving an overview of major events and activities...

.../or in negotiating or arranging insurance contracts in or from Hong Kong. Such matters will be attended by the Disciplinary Committee for a charge against the Member and/or its Chief Executive and/or its Technical Representative of breaching Membership Regulation 7.6 which provides that: “A Member...

...: unethical sales practices (e.g. using unauthorized sales materials which contain false or misleading information to influence policyholders to enter into insurance policies); mis-selling of an insurance policy by misrepresenting the benefits, coverage or terms and conditions of an insurance...

... Self-Regulatory Organizations (SROs)1 and be responsible for all aspects of the regulation of insurance intermediaries in Hong Kong, including granting licences, conducting inspections and investigations, and imposing disciplinary sanctions where applicable. “This exercise is a monumental phase of...