... Page 1 of 2 Practice Note supplementing Standard and Practice 7.1 of the Code of Conduct for Licensed Insurance Brokers in relation to Disclosure Requirements for Remuneration received by a Licensed Insurance Broker Company from an Insurer A. Introduction 1. Standard and Practice 7.1 of the Code...

... policy affected as the policy is pledged to the financial institution. To help you weigh the pros and cons before using premium financing to purchase your life insurance policy, we have prepared a list of risks that you should consider and some smart tips to help you along the way....

... 1 Market Overview - General Insurance Market Performance of General Insurance Business in 20201 Hong Kong general insurance market demonstrated strong resilience despite the considerable challenges brought by COVID-19 throughout the year. Total gross written premiums (“GWP”) recorded a growth rate...

... first quarter of 2020, indicating a growth of total gross premiums by 10.9% to $165 billion over the corresponding period in 2019. (Percentage changes in brackets represent changes over the corresponding period of last year) Long term business Total revenue premiums...

... Virtual onboarding via video conferences with intermediaries Points to note 1. Don't participate in a video conference from a public place To protect your personal privacy, do not apply for insurance via video conference in a public...

... Premiums Receivable in Revenue Account in the Period 年度化保費 Annualized Premiums A (I) 年金除外的人壽保險 (I) Life assurance other than annuities 千港元 HK$'000 千港元 HK$'000 千港元 HK$'000 千港元 HK$'000 基本計劃 Base Plan 11,696 253,000 32,336,411 114,401,059 14,902,850 21,291,117 附加合約: Supplementary Contracts: 意外及疾病 (醫療...

... Insurance Authority releases provisional statistics of Hong Kong insurance industry for 2019 13 March 2020 The Insurance Authority (IA) today (13 March 2020) released provisional statistics of the Hong Kong insurance industry for 2019, indicating a...

... Convoy Financial Solutions Limited (collectively the Companies) and has ordered each pay a fine of $95,000 (total $190,000) for failing to keep separate client accounts and maintain proper books and records. The disciplinary actions follow an investigation by the IA which discovered that during...

... Risk-based Capital Framework for Insurance Industry of Hong Kong Risk-based Capital Framework for Insurance Industry of Hong Kong Frequently Asked Questions Q1 What are the differences between a risk-based capital (RBC) framework and the existing rule-based regime? A1 Currently, the Insurance...

... Educational Attainment for Registration’s Purpose. Background Having attained an education standard of Form 5 (or equivalent) or higher is one of the Minimum Requirements for a person to apply for registration as Chief Executive or Technical Representative. To substantiate their application, applicants are...