... Insurance Authority welcomes the implementation of the Unilateral Recognition policy for cross-boundary motor insurance to facilitate Northbound Travel for Hong Kong Vehicles and enhance connectivity 1 May 2023 The Insurance Authority (IA) today (1...
https://www.ia.org.hk/english/infocenter/press_releases/20230501.html -
Date: 2023-05-01
... Insurance Authority (IA) and the Hong Kong Monetary Authority (HKMA) today (15 August): The IA has taken disciplinary action against Mr Chan Ka Hey (Mr Chan), a former technical representative (agent) of an authorized institution, by prohibiting him from applying to be licensed for six months, on...
https://www.ia.org.hk/english/infocenter/press_releases/20230815.html -
Date: 2023-08-15
... Insurance Authority appoints Managers to take control of Target Insurance Company Limited in order to maintain market stability and protect policy holders’ interests 7 January 2022 The Insurance Authority (IA) today (7 January 2022) invoked...
https://www.ia.org.hk/english/infocenter/press_releases/20220107.html -
Date: 2022-01-07
... Insurance Authority suspends Tsang Kwong Chi Samuel for two months and fines him $40,000 for misconduct in relation to the arrangement of an employees’ compensation insurance policy 20/12/2023 N/A Insurance Authority bans former...
https://www.ia.org.hk/english/enforcement/enforcement_news/news.html -
Date: 2024-01-17
... for the promotion of the general stability of the insurance industry and for the protection of existing and potential policy holders. Without prejudice to this primary function, the IA is responsible for supervising authorized insurers’ and licensed insurance intermediaries’ compliance with the...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/MOU_between_IA_and_ICB.pdf -
Date: 2021-11-01
... applicable regulations. The IA will not refrain from taking disciplinary action just because of the intermediary is a family member of the policyholder. MOST IMPORTANT: Ask yourself: would you be buying this insurance policy if it wasn’t your relative selling it to you? If the answer is “no”, do not go...
https://www.ia.org.hk/english/infocenter/files/Conduct_In_Focus_English_Issue2.pdf -
Date: 2021-12-14
... applicable regulations. The IA will not refrain from taking disciplinary action just because of the intermediary is a family member of the policyholder. MOST IMPORTANT: Ask yourself: would you be buying this insurance policy if it wasn’t your relative selling it to you? If the answer is “no”, do not go...
https://www.ia.org.hk/english/infocenter/files/Conduct_In_Focus_English_Issue2.pdf -
Date: 2022-05-24
... This, in turn, would expose the agent to potential disciplinary action. Top Tip for Policyholders Insurers, in their quotations, premium and renewal notices, often indicate several methods in which a policyholder can make payment directly to them. Policyholders who have purchased an insurance policy...
https://www.ia.org.hk/english/infocenter/files/Conduct_In_Focus_English.pdf -
Date: 2021-12-14
... This, in turn, would expose the agent to potential disciplinary action. Top Tip for Policyholders Insurers, in their quotations, premium and renewal notices, often indicate several methods in which a policyholder can make payment directly to them. Policyholders who have purchased an insurance policy...
https://www.ia.org.hk/english/infocenter/files/Conduct_In_Focus_English.pdf -
Date: 2022-05-24
... existing and potential policy holders and reinforcing public confidence in the insurance industry. 2. Regulated activity includes negotiating or arranging a contract of insurance; inviting or inducing, or attempting to invite or induce, a person to enter into a contract of insurance; inviting or inducing...
https://www.ia.org.hk/english/infocenter/files/New_regime_2_English.pdf -
Date: 2021-12-14