... involved in relation to premium financing. Insurance intermediaries are required to fully explain to the customers the contents of IFS-PF as soon as they become aware of the customers’ intention in the use of premium financing after making sufficient enquiries. The customers concerned are required to...

... to Canada to visit his grandmother for two months. When he returned to Hong Kong after the long vacation, he discovered that his flat had been burgled when he was away, and several luxury watches and handbags had been stolen. Mr. Chan had purchased home insurance, so he made a claim to the insurer...

... from profit of $191 million to loss of $252 million, while profit for the latter plummeted by 46.5% to $424 million upon resurgence of claims after full resumption of economic activities. On reinsurance inward business, the gross and net premiums were $10 billion (increased by 10.8%) and $4.6...

... Macroprudential Monitoring Working Group of the International Association of Insurance Supervisors (IAIS) taking place earlier this week. “We are pleased that the visitors could have an opportunity to experience the vibrancy and vitality of Hong Kong as an international financial centre after recovering...

... should be covering in my opening remarks. 3. After a bit of soul-searching, I decided it would be appropriate for me to update you on the challenges faced by the IA since taking over the prudential regulation work from the Office of Commissioner of Insurance on 26th June, 2017. 4. First and foremost is...

... Guideline? A9 The meaning here aligns with the intent of Paragraph 6.2 which is that rebates should only take place if they are included and reflected in the contract of insurance between the authorized insurer and the policy holder. It is, after all, the contract of insurance that sets the amount of...

... Guideline? A9 The meaning here aligns with the intent of Paragraph 6.2 which is that rebates should only take place if they are included and reflected in the contract of insurance between the authorized insurer and the policy holder. It is, after all, the contract of insurance that sets the amount of...

... under section 9, 13A or 13B of the Ordinance as the case may be. 2 2.2 After obtaining authorization, an insurer is required to comply with sections 13A, 13AC, 13AE, 13B, 14, 15 and 15B of the Ordinance in respect of any appointments of, or changes in, its controllers, directors, key persons in control...