... 31 July 2022 available through IIC. Any principals who still have not set up for their Supervisor Account in IIC should do so as soon as possible. To do this, they should submit a signed Form A2 to the IA by email to [email protected] and visit the “Forms – Insurance Intermediaries” webpage on the...

... Solodkiy: “Today’s consumers want to be able to get educated, get a quote and buy a policy from the comfort of their home or car via smartphone in less than 15 minutes. Just as fintech is transforming the banking world, ‘insurtech’ has set its sights on the insurance industry.” While we are witnessing how...

... greater the likelihood that the IA will impose a pecuniary penalty and that the size of the penalty will be larger. In determining the seriousness of a contravention, the IA will consider all of the circumstances of the case and take into account but not limited to the factors set out below. (a) The...

... not limited to the factors set out below. (a) The nature, seriousness and impact of the contravention, including: (i) whether the contravention is intentional or reckless or negligent – a contravention caused merely by negligence or conduct which only results in a technical breach is generally...

... penalty and that the size of the penalty will be larger. In determining the seriousness of a contravention, the IA will consider all of the circumstances of the case and take into account but not limited to the factors set out below. (a) The nature, seriousness and impact of the contravention, including...

...�cer approved by the IA . Maintain a client account with a bank in Hong Kong . Compliance with the requirements set out in the Insurance (Financial and Other Requirements for Licensed Insurance Broker Companies) Rules . Proper corporate governance, internal controls and risk management (organizational...

... apply to the court for an order sanctioning the scheme of transfer. An insurer intending to transfer its general insurance business portfolio to another insurer may do so under section 25D of the ICO by obtaining the approval of the IA. During the year, there was no transfer of long term insurance...

... apply to the court for an order sanctioning the scheme of transfer. An insurer intending to transfer its general insurance business portfolio to another insurer may do so under section 25D of the ICO by obtaining the approval of the IA. During the year, there was no transfer of long term insurance...

... apply to the court for an order sanctioning the scheme of transfer. An insurer intending to transfer its general insurance business portfolio to another insurer may do so under section 25D of the ICO by obtaining the approval of the IA. During the year, there was no transfer of long term insurance...

... obligation to collect adequate information to place themselves in a position whereby they can perform reasonable assessments before making any insurance recommendation. 6.5 A template is set out at Appendix to illustrate the information that should normally be collected during the FNA process. Authorized...