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QDAP
... Premium Payment Period (Year) top down Annuity Commencement Age top down Annuity (Income) Payment...
https://www.ia.org.hk/english/qualifying_deferred_annuity_policy/qdap_all.html -
Date: 2023-02-23
... the fund management charges levied by the fund houses are not included in the illustration. Hence, the gross return required is higher (see example for the standard wording). A warning statement is required alerting the proposer that early surrender or early premium discontinuance may result in...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/4.GN_on_ILAS_Illustration_Document.pdf -
Date: 2019-12-20
[HTML]
Policyholder Corner - Important lessons for that prospective policyholders from Mainland China
... that prospective policyholders from Mainland China can draw from our enforcement and complaints work: LESSON 1 - Pay premium directly to the authorized insurer, not to your individual insurance agent The core role of a licensed individual insurance agent is to advise...
https://www.ia.org.hk/english/legislative_framework/Conduct_in_Focus_Issue_07_(Article_02).html -
Date: 2023-09-18
... circumstances, needs and requirements of the clients as disclosed and duly recorded in documentation obtained by Members in conducting the “Know Your Client” procedures. 3. If the client is covered by existing long term insurance policy(ies) that is/are in force, paid-up, suspended or under premium holiday, or...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/1_CIB_GN12_on_Product_Recommend_Includ_LLT_v1_18_12_2014_eg19.pdf -
Date: 2019-12-20
... Key AML/CFT considerations Risk-based approach No one-size-fits-all 1. AML/CFT risk assessment 2. Additional measures for NFTF channel 3. Identity Information 4. Premium collection 5. Transaction monitoring 6. Technology adopted 3. Straight-through process 8. CDD performed by an insurance intermediary...
https://www.ia.org.hk/english/supervision/antimoney_laundering/files/AML_Online_Sharing_Session_20201204_Presentation.pdf -
Date: 2021-11-12
... Key AML/CFT considerations Risk-based approach No one-size-fits-all 1. AML/CFT risk assessment 2. Additional measures for NFTF channel 3. Identity Information 4. Premium collection 5. Transaction monitoring 6. Technology adopted 3. Straight-through process 8. CDD performed by an insurance intermediary...
https://www.ia.org.hk/english/supervision/antimoney_laundering/files/AML_Online_Sharing_Session_20201204_Presentation.pdf -
Date: 2022-04-27
..., fraudulent or unethical means). Representation of Information – refers to complaints relating to the presentation of an insurance product’s features, policy terms and conditions, premium payment terms or returns on investment, dividend or bonus shown on benefit illustrations, etc. Claims – refers to...
https://www.ia.org.hk/english/infocenter/files/Conduct_In_Focus_English.pdf -
Date: 2021-12-14
..., fraudulent or unethical means). Representation of Information – refers to complaints relating to the presentation of an insurance product’s features, policy terms and conditions, premium payment terms or returns on investment, dividend or bonus shown on benefit illustrations, etc. Claims – refers to...
https://www.ia.org.hk/english/infocenter/files/Conduct_In_Focus_English.pdf -
Date: 2022-05-24
[PDF]
GL6.pdf
... unless the insurer has established and maintained an Unearned Premium Reserve, a Provision for Claims Outstanding (including claims incurred but not reported (“IBNR”)) and a Contingency Reserve in the manner set out in paragraphs 4.2 to 4.6 below respectively. Unearned Premium Reserve (“UPR”) 4.2. Since...
https://www.ia.org.hk/english/legislative_framework/files/GL6.pdf -
Date: 2020-09-24
[PDF]
Annex_30092021.pdf
... Annex - Key Findings of the Joint Inspection on the Use of Premium Financing to Take Out Long Term Insurance Policies in Hong Kong i Annex Key findings of the joint inspection of the Insurance Authority and the Hong Kong Monetary Authority on the use of premium financing to take out long term...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Annex_30092021.pdf -
Date: 2021-12-10