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⏭... Compensation Insurer Insolvency Bureau (ECIIB) has been activated to take over all liabilities under employees’ compensation (EC) policies issued by Target1. This arrangement will cease on 1 January 2024. The Liquidators are in the process of transferring 31 in-force policies2 to the Hong Kong Branch of...
https://www.ia.org.hk/english/infocenter/press_releases/20231215.html -
Date: 2023-12-15
... 14 July 2024, on grounds of him not being fit and proper1. The disciplinary action arose from a decision by the Mandatory Provident Fund Schemes Authority (“MPFA”) to suspend Mr To’s registration for 40 months for contravening the conduct requirements under the Mandatory...
https://www.ia.org.hk/english/infocenter/press_releases/20220308.html -
Date: 2022-03-08
... Assurance Scheme (“ILAS”) to Enhance Customer Protection (“Requirements”) We refer to the Members’ Briefing held on 22 March 2013 and enclose herewith the whole set of the finalized Requirements for your adoption, consisting of the following documents: 1. HKFI Circular dated 22 April 2013: Updated...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/3_HKFI_ILAS_Requirements_v3_22_4_2013_20190823.pdf -
Date: 2019-12-20
... (Revised as at Oct 2008) 1 This is an IMPORTANT PART of the Code of Practice for Life Insurance Replacement (“Code”) and the Minimum Requirements as specified by the Insurance Authority under the Insurance Companies Ordinance (“Minimum Requirements”) but does not form part of the application...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/5a_HKFI_CoP_Life_Ins_Replacement_v5_1_10_2008_20190823.pdf -
Date: 2019-12-20
... (“Broker Rules”) issued under the Insurance Ordinance (Cap. 41) (“IO”) Q1: Is the increase in paid-up share capital of a licensed insurance broker company required to be cash injection? A1: Paid-up share capital can be increased in the form of cash injection, capitalization of retained earnings and other...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/FAQ_Broker_Rules_Enclosure.pdf -
Date: 2020-06-24
... (“Broker Rules”) issued under the Insurance Ordinance (Cap. 41) (“IO”) Q1: Is the increase in paid-up share capital of a licensed insurance broker company required to be cash injection? A1: Paid-up share capital can be increased in the form of cash injection, capitalization of retained earnings and other...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Cir_dd_20.11.2019_Enclosure.pdf -
Date: 2019-11-29
...;Prudential”)1 and prohibited him from applying to be licensed for 5 months from 28 June 2021 to 27 November 2021 for contravening the Insurance Ordinance (Cap. 41) (“Ordinance”) and the IA’s Code of Conduct for Licensed Insurance Agents (“Code of Conduct”). The...
https://www.ia.org.hk/english/infocenter/press_releases/20210707_1.html -
Date: 2021-07-07
... Insurance Authority welcomes the implementation of the Unilateral Recognition policy for cross-boundary motor insurance to facilitate Northbound Travel for Hong Kong Vehicles and enhance connectivity 1 May 2023 The Insurance Authority (IA) today (1...
https://www.ia.org.hk/english/infocenter/press_releases/20230501.html -
Date: 2023-05-01
[PDF]
GL4Marked-up.pdf
... GL4 GUIDELINE ON “FIT AND PROPER” CRITERIA UNDER THE INSURANCE ORDINANCE (CAP. 41) Insurance Authority Contents Page 1. Introduction ………………………..………………….…. 1 2. Approval / No Objection / Notification Requirements for Appointments of Certain Positions ……....…………....……………….........…....…………… ….... 1...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/GL4Marked-up.pdf -
Date: 2018-01-12