... disclosure2 of important information with their clients and applied an extended cooling-off period that lasts no less than 30 calendar days for the delivery of policy documents through the mail and for policy holders to seek professional advice if found necessary. Furthermore, insurers and intermediaries must...

... 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...

... 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...

... upfront disclosure of important information with their clients and applied an extended cooling-off period that lasts no less than 30 calendar days for the delivery of policy documents through the mail and for policy holders to seek professional advice if necessary. Insurers and intermediaries must...

... without cash value. To protect policy holders, insurers and intermediaries have to perform upfront disclosure at the point-of-sale and apply an extended cooling-off period of no less than 30 calendar days for the policy holders to seek professional advice if found necessary. The extension of the...

... measures that enable designated protective insurance products to be sold without face-to-face interactions subject to enhanced disclosure requirements and a longer cooling-off period. In parallel, the scrutiny of applications for pilot trial under the Insurtech Sandbox involving virtual on-boarding was...

... CPD Compliance Reporting for the Assessment Period 2021/2022 31 May 2022 Our Ref: MC/CPD/CIR By email only To: Chief Executives of all authorized insurers, Responsible Officers of all licensed insurance agencies and licensed insurance broker companies Dear Sirs, Continuing Professional Development...

... Insurers and intermediaries can distribute those products via different non-face-to-face means, such as digital, telemarketing, postal or video conferencing, but are required to make upfront disclosure at the point-of-sale and provide an extended cooling-off period of no less than 30 calendar days for the...

... and potential policy holders are not adversely affected, including mandatory upfront disclosure at the point-of-sale and an extended cooling-off period of no less than 30 calendar days. The extension of the temporary facilitative measures was communicated to authorized long-term insurers via...

... within cooling-off period. 13. It was also found that the description of risks varied amongst insurers and some of the risk descriptions adopted by insurers were found to be inadequate. 14. Similar issues were also noted in some banks as intermediaries, as they did not explain adequately the risks...