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⏭... Insurance Authority establishes Disciplinary Panel Pool as a key part of its disciplinary mechanism for the insurance industry 30 October 2020 The Insurance Authority (IA) announced today (30 October 2020) the formation of the Disciplinary Panel...
https://www.ia.org.hk/english/infocenter/press_releases/20201030.html -
Date: 2020-10-30
... appropriate to do so in the interests of policy holders or potential policy holders or the public interest8. Application for Review by the Insurance Appeals Tribunal The IAT is an independent quasi-judicial body which has jurisdiction to review, among other matters, disciplinary decisions made by the IA under...
https://www.ia.org.hk/english/enforcement/lii/files/Overview_of_Disciplinary_Process_en.pdf -
Date: 2021-09-13
... the interests of policy holders or potential policy holders or the public interest8. Application for Review by the Insurance Appeals Tribunal The IAT is an independent quasi-judicial body which has jurisdiction to review, among other matters, disciplinary decisions made by the IA under the IO. The IAT...
https://www.ia.org.hk/english/enforcement/lii/files/Overview_of_Disciplinary_Process_en.pdf -
Date: 2019-10-15
... the interests of policy holders or potential policy holders or the public interest8. Application for Review by the Insurance Appeals Tribunal The IAT is an independent quasi-judicial body which has jurisdiction to review, among other matters, disciplinary decisions made by the IA under the IO. The IAT...
https://www.ia.org.hk/english/enforcement/lii/files/Overview_of_Disciplinary_Process_en.pdf -
Date: 2019-10-15
... Microsoft Word - 20220126 - Statement of Disciplinary Action (final).docx STATEMENT OF DISCIPLINARY ACTION The Disciplinary Action 1. The Insurance Authority (“IA”) has taken the following disciplinary action against the companies formerly known as MetLife Limited (now named FWD Life (Hong Kong...
https://www.ia.org.hk/english/infocenter/press_releases/files/Statement_of_Disciplinary_Action_20220131.pdf -
Date: 2022-01-31
... Code of Practice for the Administration of Insurance Agents 《保險代理管理守則》 Other Codes/Guidelines 其他守則/指引 1. Effecting policy without authority 未經授權為客戶投購保險 5 years 五年 (6th) 71/75 & 49(d) (7th) 74/78 & 58(g) 2. Mishandling of clients’ premium or monies 不當處理客戶保費或款項 5 years 五年 (6th) 71/75 & 49(d) Guidance...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/2_IARB_Guidelines_on_Disciplinary_Actions_v2_2_6_2015_20190823.pdf -
Date: 2019-12-20
... representative of a broker company and prejudiced the interests of his policy holder client as a result. Disciplinary action, in the IA’s view, is therefore justified. In deciding the disciplinary sanction to be imposed under section 81 of the Insurance Ordinance, the IA weighed all relevant...
https://www.ia.org.hk/english/infocenter/press_releases/20231222.html -
Date: 2023-12-22
... IA has zero tolerance for such conduct and will not hesitate to take disciplinary action proportionate to the severity and seriousness of the actions concerned so as to ensure the insurance market remains founded on trust and integrity. Policy holders who buy insurance through licensed...
https://www.ia.org.hk/english/infocenter/press_releases/20231106.html -
Date: 2023-11-06
... involves actions similar to those which a licensed insurance intermediary carries on when serving policy holders or potential policy holders, may render the person no longer fit and proper to be licensed. In these circumstances, the IA will have no hesitation in taking disciplinary action to ensure policy...
https://www.ia.org.hk/english/infocenter/press_releases/20220308.html -
Date: 2022-03-08