... who were already practising in the insurance intermediary business in Hong Kong immediately before 1 January 2000) in possession of five years’ proven experience in insurance business in Hong Kong within the six-year period immediately before 1 January 2000 are exempted from P&P Paper as well as GI...

... stream of income, giving them greater certainty and control in planning for their retirement life.” The IA has promulgated a new guideline elucidating the standard features of QDAP that include minimum total premium of $180,000, minimum payment period of five years, minimum annuity period...

..., payment period and benefit periods; (iv) include a prominent warning to the customer concerning affordability of the policy during the entire premium payment period; and (v) include relevant information highlighting the liquidity risk associated with the product. 6 Information to be collected 6.3 Save for...

..., payment period and benefit periods; (iv) include a prominent warning to the customer concerning affordability of the policy during the entire premium payment period; and (v) include relevant information highlighting the liquidity risk associated with the product. 6 Information to be collected 6.3 Save for...

..., payment period and benefit periods; (iv) include a prominent warning to the customer concerning affordability of the policy during the entire premium payment period; and (v) include relevant information highlighting the liquidity risk associated with the product. 6 Information to be collected 6.3 Save for...

... insurance industry for the first three quarters of 2019, with total gross premiums of $436.9 billion, indicating an increase of 12.5% over the corresponding period in 2018. (Percentage changes in brackets in the following paragraphs represent changes over the corresponding period of last year...

..., some 11 months later. During this 11-month period, the agent made misleading statements to both her client and her appointing insurer. The agent informed her client that she had paid the premium onto the insurer (when she had not done so) leading her client to believe that the insurance...

... September 2019 to 22 September 2022 (“transitional period”). During this transitional period, every deemed licensee needs to apply for a new licence from the IA if they wish to continue carrying on regulated activities after 22 September 2022. There are approximately 106,300 deemed licensees, so processing...

... 2016 achieved a 20% growth over the corresponding period in 2015. To strengthen the guidance on insurers’ corporate governance and risk management, we revised the Guidance Note on the Corporate Governance of Authorised Insurers (GN10) in October 2016 to incorporate high level standards that were on a...