Insurance

Insurance Authority Publishes an Explanatory Note on “Regulated Activity”

Insurance Authority Publishes an Explanatory Note on “Regulated Activity” 1400 788 Charing
An important consideration for currently unregulated entities providing insight into IA’s assessment whether activities will or won’t fall under regulatory regime of Insurance Ordinance.

New MOU Between Insurance Authority & Insurance Complaints Bureau

New MOU Between Insurance Authority & Insurance Complaints Bureau 1400 788 Kelly
MOU aims to expedite handling of claim-related disputes; complaints of a monetary nature involving disputes on the decision made by an authorized insurer.

Joint Inspection by IA & HKMA on use of premium financing to take out long term insurance policies in Hong Kong

Joint Inspection by IA & HKMA on use of premium financing to take out long term insurance policies in Hong Kong 1401 788 Hauzen
On 30 September 2021, the Insurance Authority and the Hong Kong Monetary Authority published a circular on the IA and the HKMA’s joint inspection exercise relating to premium financing of long term insurance policies in Hong Kong.
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