..., 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...
https://www.ia.org.hk/english/infocenter/files/ENG_CIF_3.pdf -
Date: 2021-12-14
... 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...
https://www.ia.org.hk/english/legislative_framework/files/GL30_English.pdf -
Date: 2020-09-24
... 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...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/Financial_needs.pdf -
Date: 2020-06-24
..., 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...
https://www.ia.org.hk/english/infocenter/files/ENG_CIF_3.pdf -
Date: 2022-05-24
... 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...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/GL30.pdf -
Date: 2019-11-29
... need for any amendment or supplement to this MoU. 67. An amendment or supplement to this MoU takes effect only by written agreement of the Parties. FOR AND ON BEHALF OF THE MONETARY AUTHORITY THE INSURANCE AUTHORITY ____________________________ ____________________________ Norman T. L. Chan Clement...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/IA_MA_MoU.pdf -
Date: 2020-09-28
... need for any amendment or supplement to this MoU. 67. An amendment or supplement to this MoU takes effect only by written agreement of the Parties. FOR AND ON BEHALF OF THE MONETARY AUTHORITY THE INSURANCE AUTHORITY ____________________________ ____________________________ Norman T. L. Chan Clement...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/IA_MA_MoU.pdf -
Date: 2021-11-01
... action and escalation process for dealing with inadequate performance; (k) contingency planning of the service provider to provide business continuity for the outsourced service; (l) management and approval process for changes to the outsourcing arrangement; (m) conditions under which the insurer or...
https://www.ia.org.hk/english/legislative_framework/files/GL14.pdf -
Date: 2020-09-24