..., 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...

...%, riding on the increase in the maximum property values of the Mortgage Insurance Programme. Underwriting profit for direct business soared from HK$488 million in 2019 to HK$1,856 million in 2020, with the overall combined ratio reducing from 98.3% to 93.7%. Accident & Health and Employees’ Compensation...

... Insurance Authority c.c. The Hong Kong Federation of Insurers Professional Insurance Brokers Association The Hong Kong Confederation of Insurance Brokers 1 Frequently Asked Questions on the Penalty Framework for Non-compliance with Continuing Professional Development (“CPD”) Requirements (“CPD Penalty...

... 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...

... 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...

... 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...

... deposit account maintained by an insurance broker with a financial institution duly authorized under the Banking Ordinance (Cap. 155) in the name of the insurance broker in the title of which the word "client" appears for the purpose of complying with the Guideline on Minimum Requirements for Insurance...

... Ordinance (Cap.41) (“IO”) Pursuant to section 73(1) of the IO, a licensed insurance broker company must, within 6 months after the end of each financial year (“the 6-month statutory submission deadline”), provide the IA with its audited financial statements, an auditor’s report on its financial statements...

... Ordinance (Cap.41) (“IO”) Pursuant to section 73(1) of the IO, a licensed insurance broker company must, within 6 months after the end of each financial year (“the 6-month statutory submission deadline”), provide the IA with its audited financial statements, an auditor’s report on its financial statements...