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⏭... circumstances, needs and requirements of the clients as disclosed and duly recorded in documentation obtained by Members in conducting the “Know Your Client” procedures. 3. If the client is covered by existing long term insurance policy(ies) that is/are in force, paid-up, suspended or under premium holiday, or...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/1_CIB_GN12_on_Product_Recommend_Includ_LLT_v1_18_12_2014_eg19.pdf -
Date: 2019-12-20
... Key AML/CFT considerations Risk-based approach No one-size-fits-all 1. AML/CFT risk assessment 2. Additional measures for NFTF channel 3. Identity Information 4. Premium collection 5. Transaction monitoring 6. Technology adopted 3. Straight-through process 8. CDD performed by an insurance intermediary...
https://www.ia.org.hk/english/supervision/antimoney_laundering/files/AML_Online_Sharing_Session_20201204_Presentation.pdf -
Date: 2021-11-12
... Key AML/CFT considerations Risk-based approach No one-size-fits-all 1. AML/CFT risk assessment 2. Additional measures for NFTF channel 3. Identity Information 4. Premium collection 5. Transaction monitoring 6. Technology adopted 3. Straight-through process 8. CDD performed by an insurance intermediary...
https://www.ia.org.hk/english/supervision/antimoney_laundering/files/AML_Online_Sharing_Session_20201204_Presentation.pdf -
Date: 2022-04-27
[HTML]
Policyholder Corner - Important lessons for that prospective policyholders from Mainland China
... that prospective policyholders from Mainland China can draw from our enforcement and complaints work: LESSON 1 - Pay premium directly to the authorized insurer, not to your individual insurance agent The core role of a licensed individual insurance agent is to advise...
https://www.ia.org.hk/english/legislative_framework/Conduct_in_Focus_Issue_07_(Article_02).html -
Date: 2023-09-18
[HTML]
QDAP
... Premium Payment Period (Year) top down Annuity Commencement Age top down Annuity (Income) Payment...
https://www.ia.org.hk/english/qualifying_deferred_annuity_policy/qdap_all.html -
Date: 2023-02-23
..., fraudulent or unethical means). Representation of Information – refers to complaints relating to the presentation of an insurance product’s features, policy terms and conditions, premium payment terms or returns on investment, dividend or bonus shown on benefit illustrations, etc. Claims – refers to...
https://www.ia.org.hk/english/infocenter/files/Conduct_In_Focus_English.pdf -
Date: 2021-12-14
..., fraudulent or unethical means). Representation of Information – refers to complaints relating to the presentation of an insurance product’s features, policy terms and conditions, premium payment terms or returns on investment, dividend or bonus shown on benefit illustrations, etc. Claims – refers to...
https://www.ia.org.hk/english/infocenter/files/Conduct_In_Focus_English.pdf -
Date: 2022-05-24
[PDF]
GL6.pdf
... unless the insurer has established and maintained an Unearned Premium Reserve, a Provision for Claims Outstanding (including claims incurred but not reported (“IBNR”)) and a Contingency Reserve in the manner set out in paragraphs 4.2 to 4.6 below respectively. Unearned Premium Reserve (“UPR”) 4.2. Since...
https://www.ia.org.hk/english/legislative_framework/files/GL6.pdf -
Date: 2020-09-24
[PDF]
GL28_English.pdf
... insurer in relation to any optional product features, which the policy holder may elect from time to time under his/her life insurance policy (such as premium holiday, partial surrender, top-up, premium offset option, policy loan etc.). 2.2 Unless otherwise specified, words and expressions used in this...
https://www.ia.org.hk/english/legislative_framework/files/GL28_English.pdf -
Date: 2020-09-24
... insurer in relation to any optional product features, which the policy holder may elect from time to time under his/her life insurance policy (such as premium holiday, partial surrender, top-up, premium offset option, policy loan etc.). 2.2 Unless otherwise specified, words and expressions used in this...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/Benefits_illustration.pdf -
Date: 2020-06-24