... requirements will be set out in the Guideline on the Fit and Proper Criteria for Licensed Insurance Intermediaries and soft consultation of the Guideline to be conducted later this year. Besides review of the minimum education requirements, we have also reviewed the CPD requirements. We are glad to see a...

... requirements will be set out in the Guideline on the Fit and Proper Criteria for Licensed Insurance Intermediaries and soft consultation of the Guideline to be conducted later this year. Besides review of the minimum education requirements, we have also reviewed the CPD requirements. We are glad to see a...

... Mongolia and Iceland who requested to continue on their original schedule. The FATF reviewed and virtually met with these two jurisdictions and the result of these discussions is set out in the FATF’s updated statement, which can be found on the website of the FATF (https://www.fatf- gafi.org/publications...

... of Insurtech through Insurtech Sandbox to help policyholders purchase suitable insurance products safely by using non-face-to-face channels. In order to protect the interests of policyholders, the IA also formulated a set of regulatory requirements for virtual onboarding via video...

... individual insurance agent’s role, however, is not to collect premium from the policyholder directly, or to serve as a conduit through which a policyholder should pay premium.  An individual insurance agent is, after all, an individual with a personal (not a business) bank account, who is not set...

... behalf so they could benefit from the fictitious premium discount. A third set of lies followed, as the agent sought to explain away why the claims were not being paid. The ethical line between right and wrong is a clear and bright one. Once crossed, however, it blurs and darkens making it...

... requirements will be set out in the Guideline on the Fit and Proper Criteria for Licensed Insurance Intermediaries and soft consultation of the Guideline to be conducted later this year. Besides review of the minimum education requirements, we have also reviewed the CPD requirements. We are glad to see a...

... documents are not provided.  Paper application should be submitted to the Market Conduct Division (Licensing) of the IA in person or by post to the IA’s office at 19/F., 41 Heung Yip Road, Wong Chuk Hang, HK.  Licence application fee is waived for the first five years from commencement of the new...