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Circulars on Regulatory Matters


2020

Date Subject
29 December 2020 Launch of iAM Smart
21 December 2020 Remote Invigilation Mode Examination (RIME) of the Insurance Intermediaries Qualifying Examination (IIQE)
18 December 2020 Common Compliance Issues Arising in the First Year of the Direct Regulatory Regime for Licensed Insurance Agents and Issues Relating to Authorized Insurers
18 December 2020 Common Compliance Issues Arising in the First Year of the Direct Regulatory Regime for Licensed Insurance Agencies

Common Compliance Issues Arising in the First Year of the Direct Regulatory Regime for Licensed Broker Companies
2 December 2020 Extension of Phase 2 of the temporary facilitative measures to tackle the outbreak of COVID-19
26 November 2020 Market Performance of Hong Kong General Insurance Industry
6 November 2020 Mystery Shopping Programme carried out by the Hong Kong Monetary Authority
30 October 2020 Formation of the Insurance Authority’s Disciplinary Panel Pool and Publication of “Conduct in Focus”
29 October 2020 Applying the provisions of Insurance (General Business) (Valuation) Rules in the valuation of right of use asset and related lease liability
20 October 2020
30 September 2020 CPD Requirements under the New Regulatory Regime for Insurance Intermediaries - FAQs, Reference Lists and Reporting Requirements
30 September 2020 Employees' Compensation Insurance (Direct Business) Statistics for 2019
Motor Vehicle Insurance (Direct Business) Statistics for 2019

Attachment: EC Statistics 2019
Attachment: MV Statistics 2019
30 September 2020 iAM Smart Pilot Sandbox Programme - Phase 2
23 September 2020 Frequently Asked Questions on Guideline on Medical Insurance Business (GL31)
Attachment: Frequently Asked Questions
22 September 2020 Circular providing Interpretation Notes relating to the Guideline on Offering of Gifts (GL25) and the Guideline on Long Term Insurance Policy Replacement (GL27)
Attachment: Interpretation Notes (GL25)
Attachment: Interpretation Notes (GL27)
4 September 2020 Extension of Phase 2 of the temporary facilitative measures to tackle the outbreak of COVID-19
1 September 2020 Circular providing Interpretation Notes relating to the Guideline on Cooling-off Period (GL29)
Attachment: Interpretation Notes
28 August 2020 Circular providing Interpretation Notes relating to the Guideline on Financial Needs Analysis
Attachment: Interpretation Notes
25 August 2020 Applications for new licences by insurance agents who are deemed licensees

Applications for new licences by licensed insurance agencies and their technical representatives (agents) who are deemed licensees

Applications for new licences by licensed insurance brokers and their technical representatives (brokers) who are deemed licensees
20 August 2020 Circular providing Interpretation Notes relating to the Guideline on Benefit Illustrations for Long Term Insurance Policies
Attachment: Interpretation Notes
10 August 2020 iAM Smart Pilot Sandbox Programme
5 August 2020 Sandbox application for the distribution of long term insurance policies via video conferencing tools
15 June 2020 Extension of Phase 2 of the Temporary Facilitative Measures to tackle the outbreak of COVID-19
12 June 2020 Compliance with CPD requirements under the New Regulatory Regime for Insurance Intermediaries - Additional Facilitative Measures
2 June 2020 Updated Assessment on the Proposed Policy Holders’ Protection Scheme in Hong Kong

- Attachment: Annex A - Information Request Forms
- Attachment: Annex B - Covering Certificate
1 June 2020 Practice Notes supplementing Standards and Practices 5.4 and 7.1 of the Code of Conduct for Licensed Insurance Brokers

Practice Note supplementing Standard and Practice 5.4
Practice Note supplementing Standard and Practice 7.1
27 May 2020 Guideline on Actuarial Review of Insurance Liabilities in respect of Employees’ Compensation and Motor Insurance Businesses (GL9)
25 May 2020 Application of Guidelines Issued by the Insurance Authority
9 April 2020 Submission of the Statutory, Actuarial and Financial Returns
27 March 2020 Phase 2 of the Temporary Facilitative Measures to Tackle the Outbreak of COVID-19
23 March 2020 Rule 8(7)(a) of the Insurance (Determination of Long Term Liabilities) Rules (Cap.41E) of the Insurance Ordinance (Cap.41)
28 February 2020 Compliance with CPD Requirements under the New Regulatory Regime for Insurance Intermediaries - One-off Extension of CPD Fufillment Deadline by 3 Months (Insurers)

Compliance with CPD Requirements under the New Regulatory Regime for Insurance Intermediaries - One-off Extension of CPD Fufillment Deadline by 3 Months (Insurance Broker Companies)
 
24 February 2020 Submission of Audited Financial Statements and Auditor's Report under Section73(1) of the Insurance Ordinance (Cap.41)
21 February 2020 Temporary Facilitative Measures to Tackle the Recent Outbreak of Novel Coronavirus
13 January 2020 Prescribed Scenarios for General Insurance Business in relation to GL21
Attachment: Prescribed Scenarios for the stress and scenario testing to be used by authorized insurers carrying on general insurance business for the purpose of Own Risk Solvency Assessment Report

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