... first introduced in 1996. Under which, policy holders have the right to cancel new policies within the cooling-off period and request for a refund of the premium(s) paid. With effect from 1 February 2010, the cooling-off period is 21 days after the delivery of the policy or issue of a notice (informing...

... by The Hong Kong Federation of Insurers.) If you consider the life insurance policy not suitable, you have the right to cancel it within the “cooling-o� period” and obtain a full refund of the insurance premium paid (less a market value adjustment where applicable). The “cooling-o� period” is 21 days...

... and ask the customer if they meet the definition  Shift obligation to their customers – not an acceptable practice  Customer may not be able to determine if they are indeed a PEP 21 PEPs  When suspicious transactions/activities are identified, a suspicious transaction report (“STR”) should be...

... almost 21, 000 policies accounting for $319 million of annualised premiums have already been issued up to the end of October. Preliminary analysis also indicates that young middle class is the main clientele, reaffirming our belief that digital platforms are capable of reaching underserved segments and...

... and ask the customer if they meet the definition  Shift obligation to their customers – not an acceptable practice  Customer may not be able to determine if they are indeed a PEP 21 PEPs  When suspicious transactions/activities are identified, a suspicious transaction report (“STR”) should be...

... Insurance Intermediaries Qualifying Examination (IIQE) In our circular issued on 21 December 2020, we announced the availability of the Remote Invigilation Mode Examination (RIME) for the Insurance Intermediaries Qualifying Examination (IIQE) to be offered by the Vocational Training Council (“VTC”) as a...

... in addressing the deficiencies in their AML/CFT systems and issue updated statements from time to time, IIs are reminded to browse the website of the FATF for the latest information. (3) Other Outcomes from the FATF Virtual Plenary, 21-23 October 2020 In addition to the statements in (1) and (2...

... should: 6 Cooling-off period: • This is a period of 21 calendar days immediately following the date of delivery of the policy or cooling-off notice to the policy holder, whichever is earlier. www.ia.org.hk 3899 [email protected] 保險業監管局 Insurance Authority 蓋世保鑑 Insurpedia Insurance Authority Make sure...

... by The Hong Kong Federation of Insurers.) If you consider the life insurance policy not suitable, you have the right to cancel it within the “cooling-o� period” and obtain a full refund of the insurance premium paid (less a market value adjustment where applicable). The “cooling-o� period” is 21 days...

... required supporting documents by the deadline (e.g. within 21 to 30 days after your return to Hong Kong), as stated in the policy. Notes on purchasing travel insurance when joining a package tour through a travel agent When joining a package tour, some travel agents...