Regulatory Alerts2021-10-12
Added · Updated
Explanatory Note on Regulated Activity under the Insurance Ordinance
The Insurance Authority issued this note to clarify licensing requirements for persons carrying on regulated activities under the Insurance Ordinance. It defines regulated activities including negotiating, arranging, inviting, inducing, and giving regulated advice, while outlining exemptions for clerical tasks and specific professions. The document establishes an objective test to determine if activities are conducted in the course of business or for reward, thereby requiring a license.
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