Regulatory Alerts2023-12-06
Added · Updated
IA-HKMA joint inspection exercise on premium financing
The Insurance Authority and the Hong Kong Monetary Authority conducted a joint inspection exercise focusing on the use of premium financing for long-term insurance policies. The exercise targeted authorized institutions to assess their compliance with regulatory requirements regarding the sale and management of such financing arrangements. This initiative aims to ensure that institutions adhere to best practices and mitigate risks associated with premium financing products.
CIR
Current
Issue Date:
06 Dec 2023
20231206-1-EN.pdf (257.6 KB)
Topic:
Miscellaneous - SFC/IA/MPFA
Wealth Management & MPF - Insurance products
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
01 Apr 2022
Use of Premium Financing to take out Long Term Insurance Policies
Directly related Document
CIR
Current
01 Apr 2022
Use of Premium Financing to take out Long Term Insurance Policies
Version History
Superseded Document
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