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... to the insurance company. The insured must inform the insurance company in writing if there is any change in their health condition. After taking out a policy 2. The cooling-off period is 21 days after the delivery of the policy or issuance of a notice informing the policy holder of the policy status...
https://www.ia.org.hk/english/infocenter/files/New_Regime_English.pdf - Date: 2020-06-23
... Cooling-off Period GL30: Guideline on Financial Needs Analysis GL31: Guideline on Medical Insurance Business Licensed Insurance Brokers Rules Insurance (Financial and Other...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/regulatory_instruments.html - Date: 2023-01-09
.../considerations.) (2) Cooling-off Period: You have the right to cancel this ILAS policy and get back your original investments (subject to market value adjustment) within the cooling-off period, which is the period of 21 calendar days immediately following either the day of delivery of (i) the policy; or (ii) the...
https://www.ia.org.hk/english/legislative_framework/files/Appendix_1.docx - Date: 2020-09-24
.../considerations.) (2) Cooling-off Period: You have the right to cancel this ILAS policy and get back your original investments (subject to market value adjustment) within the cooling-off period, which is the period of 21 calendar days immediately following either the day of delivery of (i) the policy; or (ii) the...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/GL26_Appendix_1_Eng.docx - Date: 2020-06-24
... insured and premium level, consider your objectives, and evaluate your protection needs and financial situation. If I change my mind right after purchasing a life insurance policy, can I cancel it? 4 To protect the interests of policyholders, a “cooling-off period” applies to all life insurance products...
https://www.ia.org.hk/english/infocenter/files/Understanding_Life_Insurance_Eng.pdf - Date: 2022-05-24
... following Guidelines (“GLs”): • GL25: Guideline on Offering of Gifts • GL27: Guideline on Long Term Insurance Policy Replacement • GL28: Guideline on Benefit Illustrations for Long Term Insurance Policies • GL29: Guideline on Cooling-off Period • GL30: Guideline on Financial Needs Analysis • GL31: Guideline...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Circular_25052020.pdf - Date: 2020-06-15
... following Guidelines (“GLs”): • GL25: Guideline on Offering of Gifts • GL27: Guideline on Long Term Insurance Policy Replacement • GL28: Guideline on Benefit Illustrations for Long Term Insurance Policies • GL29: Guideline on Cooling-off Period • GL30: Guideline on Financial Needs Analysis • GL31: Guideline...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Circular_25052020.pdf - Date: 2020-12-21
... period Under a premium financing arrangement, your right to cancel your policy within the cooling-off period may also be assigned to the financial institution. Consequently, any cancellation requests made may require the consent of the financial institution first. Even if it agrees to your...
https://www.ia.org.hk/english/premium_financing/smart_tips.html - Date: 2024-01-18
... disclosure and extended cooling-off period to achieve the fair treatment of customers. /….. 2 Without the FNA process which is required when intermediaries provide a recommendation, upfront disclosure must be made by the intermediaries to ensure that the customers are aware of the nature, features and risks...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Circular_21022020.pdf - Date: 2020-06-15
... disclosure and extended cooling-off period to achieve the fair treatment of customers. /….. 2 Without the FNA process which is required when intermediaries provide a recommendation, upfront disclosure must be made by the intermediaries to ensure that the customers are aware of the nature, features and risks...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Circular_21022020.pdf - Date: 2020-12-21