Regulatory Alerts2020-08-05
Added · Updated
Circular Issued by the Insurance Authority on Sandbox Application for the Distribution of Long Term Insurance Policies via Video Conferencing Tools
The Insurance Authority issued this circular on 5 August 2020 to outline the framework for authorized institutions applying for a regulatory sandbox to distribute long-term insurance policies via video conferencing tools. The document establishes the specific requirements and procedures for institutions seeking approval to conduct these remote distribution activities under the sandbox regime. It serves as the primary guidance for wealth management and MPF sectors regarding the use of digital tools for selling life insurance products.
CIR
Current
Issue Date:
05 Aug 2020
20200805-1-EN.pdf (428.9 KB)
Topic:
Wealth Management & MPF - Insurance products
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Annex
Current
05 Aug 2020
Annex - IA Circular of 5 August 2020
CIR
Current
25 Sep 2019
Enhanced Measures on Selling of Annuity Insurance Products
CIR
Current
06 Jun 2018
Selling of Annuity Insurance Products
Annex
Current
05 Aug 2020
Annex - IA Circular of 5 August 2020
CIR
Current
25 Sep 2019
Enhanced Measures on Selling of Annuity Insurance Products
CIR
Current
06 Jun 2018
Selling of Annuity Insurance Products
Version History
Superseded Document
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