... from the International Monetary Fund considered that Hong Kong had a high degree of observance of the Insurance Core Principles, and expressed full support for our current regulatory reforms. The Financial Secretary proposed to reduce the profits tax on the offshore businesses of captives in the...
https://www.ia.org.hk/english/infocenter/files/AR2013.pdf -
Date: 2020-06-23
... including, for example, where the customer opts to rescind the policy, providing full premium refund without market value adjustment when there is a substantiated non-compliance issue(s). 12 In case the customer cannot be reached or the post-sale call cannot be completed properly, the authorized insurer is...
https://www.ia.org.hk/english/legislative_framework/files/Interpretation_Notes.pdf -
Date: 2020-09-24
... including, for example, where the customer opts to rescind the policy, providing full premium refund without market value adjustment when there is a substantiated non-compliance issue(s). 12 In case the customer cannot be reached or the post-sale call cannot be completed properly, the authorized insurer is...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/GL_26_Interpretation_Notes_Eng.pdf -
Date: 2020-06-24
..., the amount of exposure can be significant given the duties the broker company owes and the amount of coverage under the policies it is responsible for obtaining for its clients. PII is therefore important to protect insurance broker companies from bearing the full cost of defending negligence claims...
https://www.ia.org.hk/english/infocenter/files/Broker_Rules_Conclusions_Eng.pdf -
Date: 2019-09-03
..., the amount of exposure can be significant given the duties the broker company owes and the amount of coverage under the policies it is responsible for obtaining for its clients. PII is therefore important to protect insurance broker companies from bearing the full cost of defending negligence claims...
https://www.ia.org.hk/english/infocenter/files/final_Broker_Rules_Conclusions_Eng.pdf -
Date: 2019-09-03
..., the amount of exposure can be significant given the duties the broker company owes and the amount of coverage under the policies it is responsible for obtaining for its clients. PII is therefore important to protect insurance broker companies from bearing the full cost of defending negligence claims...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/Broker_Rules_Conclusions_Eng.pdf -
Date: 2019-09-10
..., the amount of exposure can be significant given the duties the broker company owes and the amount of coverage under the policies it is responsible for obtaining for its clients. PII is therefore important to protect insurance broker companies from bearing the full cost of defending negligence claims...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/final_Broker_Rules_Conclusions_Eng.pdf -
Date: 2019-09-10
... including, for example, where the customer opts to rescind the policy, providing full premium refund without market value adjustment when there is a substantiated non-compliance issue(s). 12 In case the customer cannot be reached or the post-sale call cannot be completed properly, the authorized insurer is...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Interpretation_Notes.pdf -
Date: 2019-11-29
... is incumbent on the senior management of general insurers to resist the tendency, or temptation, to price policies without full regard to the “burning cost” or claims cost, particularly when under pressure to expand market share. The Office of the Commissioner of Insurance has no intention, nor is it...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/ilens16.pdf -
Date: 2020-09-28
... is incumbent on the senior management of general insurers to resist the tendency, or temptation, to price policies without full regard to the “burning cost” or claims cost, particularly when under pressure to expand market share. The Office of the Commissioner of Insurance has no intention, nor is it...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/ilens16.pdf -
Date: 2021-11-01