... up to receive or administer the collection of premium and who must avoid mixing premium with his or her own personal funds. Paying premium to an individual insurance agent risks the money not being passed onto the insurer on time (or sometimes at all). This can result in the insurance being cancelled...

... robust AML/CTF regime. The IA will continue to collaborate with the insurance sector and other relevant stakeholders to keep improving our sector’s AML/CTF framework. The ME Report can be found on the website of FATF (http://www.fatf- gafi.org/publications/mutualevaluations/documents...

... payable may change anytime with the values being higher or lower than those illustrated. As another example, the possible potential impact of a change in the company’s current assumed investment return on the Total Surrender Value and the Total Death Benefit are illustrated in Sections 4 and 5. Under some...

... ensure their knowledge is kept up-to-date so they are able to carry on regulated activities and serve policyholders to the requisite standards of professionalism. Given the flexibility afforded by the measures outlined in this letter, tolerance will be in short supply for any failure to comply with the...

... ensure their knowledge is kept up-to-date so they are able to carry on regulated activities and serve policyholders to the requisite standards of professionalism. Given the flexibility afforded by the measures outlined in this letter, tolerance will be in short supply for any failure to comply with the...

... Regulation of Insurance Intermediaries Introduction With effect from 23 September 2019, the Insurance Authority (“IA”) is the sole regulator to license and supervise all insurance intermediaries in Hong Kong.  The IA is responsible for...

..., who fails to return this Form, duly signed, or deliberately makes any misrepresentation, shall not only lead to PIBA’s disciplinary action but also jeopardizing its membership with PIBA. i https://www.ia.org.hk/en/legislative_framework/files/GL3_eng_Nov2018.pdf (Guideline on Anti-Money Laundering and...

... Insurance Claims Complaints Panel (the ‘Complaints Panel’), which is led by an independent Chairman appointed by the ICB with the prior consent of the Secretary for Financial Services and the Treasury. (b) Of the other four members on the Complaints Panel, two come from the insurance industry and two from...

... and licensed insurance broker companies carrying on regulated activities in respect of long term business (hereinafter referred to as “insurance institutions” (“IIs”)), should meet in order to comply with the statutory requirements under the AMLO and the IO. Compliance with this Guideline is enforced...

... and licensed insurance broker companies carrying on regulated activities in respect of long term business (hereinafter referred to as “insurance institutions” (“IIs”)), should meet in order to comply with the statutory requirements under the AMLO and the IO. Compliance with this Guideline is enforced...