... effectiveness in administering the insurance laws of their respective jurisdictions have reached the following understanding: I. Definitions 2. For the purposes of this Memorandum of Understanding, the terms set out below have the assigned meanings unless the context requires otherwise: (a) “Authority” means...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/mou-bafin.pdf -
Date: 2020-06-19
... a licensed insurance broker company, means— (a) if the company is incorporated in Hong Kong, the accounting standards generally accepted in Hong Kong; and (b) if the company is a non-Hong Kong company as defined by section 2(1) of the Companies Ordinance (Cap. 622), the accounting standards...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/Insurance_FinancialandOtherRequirementsforLicensedInsuranceBrokerCompanies_Rules.pdf -
Date: 2020-06-24
...: Authorization Requirements Any company wishing to carry on insurance business in or from Hong Kong may apply to the Insurance Authority for authorization to do so under the IO. A “company” for the purposes of the IO is one formed and registered under the Companies...
https://www.ia.org.hk/english/supervision/reg_insurers_lloyd/regulatory_requirements.html -
Date: 2020-09-07
... Guarantee Business 2.1. Since early 1999, mortgage guarantee insurance has emerged as a new line of business in Hong Kong. Under its present form, mortgage guarantee insurance protects the lending bank against the risk of loss arising from default in payment by a mortgagor in respect of that portion of...
https://www.ia.org.hk/english/legislative_framework/files/GL6.pdf -
Date: 2020-09-24
... New Regulation Landscape for Insurance Intermediaries Insurance Summit 2017 New Regulatory Landscape for Insurance Intermediaries Ms Peggy Fu Associate Director (Market Conduct) 21 September 2017 New Statutory Licensing Regime for Insurance Intermediaries A. Phase 3 Commencement of Insurance...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_New_Regulatory_Landscape_for_Insurance_Intermediaries.pdf -
Date: 2021-12-09
... New Regulation Landscape for Insurance Intermediaries Insurance Summit 2017 New Regulatory Landscape for Insurance Intermediaries Ms Peggy Fu Associate Director (Market Conduct) 21 September 2017 New Statutory Licensing Regime for Insurance Intermediaries A. Phase 3 Commencement of Insurance...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_New_Regulatory_Landscape_for_Insurance_Intermediaries.pdf -
Date: 2021-09-08
... New Regulation Landscape for Insurance Intermediaries Insurance Summit 2017 New Regulatory Landscape for Insurance Intermediaries Ms Peggy Fu Associate Director (Market Conduct) 21 September 2017 New Statutory Licensing Regime for Insurance Intermediaries A. Phase 3 Commencement of Insurance...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_New_Regulatory_Landscape_for_Insurance_Intermediaries.pdf -
Date: 2020-06-12
... appropriate business contingency plan.. The Requirements in relation to Registration of Chief Executive CIB Articles of Association contain the following provisions: “19. Subject to Article 19B, a Member shall at all times have a Chief Executive.” ”19A. No more than one individual may be registered as the...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/1_CIB_GN2_Guidance_Note_on_Registering_Alternate_Chief_Executive_v1_23_4_2007_eg19.pdf -
Date: 2019-12-20
... Understanding Travel Insurance Claims cases Case 1: Trip delay Ms. Lai was notified by the airline that her scheduled flight back to Hong Kong in the morning was cancelled due to a mechanical breakdown, and that another flight had been...
https://www.ia.org.hk/english/travel_insurance/claims_cases.html -
Date: 2024-01-18