insurance

Insurance Authority Reprimands & Fines Insurer for Contraventions of AML & CTF Ordinances

Insurance Authority Reprimands & Fines Insurer for Contraventions of AML & CTF Ordinances 1400 788 Charing
MetLife (now FWD Life) & Metropolitan Life Insurance (now FWD Life Assurance) fined HK$7 million. It is clear that the IA takes these failures very seriously.

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.
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