... able to purchase it: (i) state the objective(s) of the policy; (ii) state the type and nature of the policy (e.g. “The product is a long term insurance plan underwritten by [name of authorized insurer] and is neither a bank deposit nor a bank savings plan”); (iii) highlight the target premium amount...

..., for failing to comply with this fundamental requirement. Since these were transitional cases, in taking disciplinary action the IA was required to apply the rules of the self-regulatory body which applied at the time. Going forward, however, this type of contravention can be prosecuted as an offence...

... able to purchase it: (i) state the objective(s) of the policy; (ii) state the type and nature of the policy (e.g. “The product is a long term insurance plan underwritten by [name of authorized insurer] and is neither a bank deposit nor a bank savings plan”); (iii) highlight the target premium amount...

... and guidelines were produced to support implementation of the direct regulatory regime, including two codes of conduct applicable to agents and broker companies. As at 31 March 2020, the IA had received about 10,000 applications for new licences and completed processing 96% of them. DIRECT REGULATORY...

... and guidelines were produced to support implementation of the direct regulatory regime, including two codes of conduct applicable to agents and broker companies. As at 31 March 2020, the IA had received about 10,000 applications for new licences and completed processing 96% of them. DIRECT REGULATORY...

... this ref. INS/TEC/6/45 來函檔號 Your ref. 電 話 Tel. 2867 2711 9 March 2017 CORRESPONDENCE SHOULD BE ADDRESSED TO “THE COMMISSIONER OF INSURANCE” AND NOT TO INDIVIDUAL OFFICERS 來函請書明保險業監理專員收 To : Chief Executives of all authorized insurers Dear Sirs, United Nations (Anti-Terrorism Measures) Ordinance United...

... United Nations (Anti-Terrorism Measures) Ordinance 保險業監理處 香港金鐘道六十六號 金鐘道政府合署二十一樓 OFFICE OF THE COMMISSIONER OF INSURANCE 21st Floor, Queensway Government Offices, 66 Queensway, Hong Kong 圖文傳真 Fax: (852) 2869 0252 覆函請註明本處檔號 In reply please quote this ref. INS/TEC/6/45 來函檔號 Your ref. 電 話 Tel. 2867...

... activities? A2: In this scenario, the bank staff does not provide, explain or discuss with the client any information relating to a particular insurance product. Rather, the bank staff is introducing the generic insurance concept of annuities to the client (i.e. providing generic information on a type of...

... activities? A2: In this scenario, the bank staff does not provide, explain or discuss with the client any information relating to a particular insurance product. Rather, the bank staff is introducing the generic insurance concept of annuities to the client (i.e. providing generic information on a type of...