Regulatory Alerts2026-07-10
Added · Updated
Interpretation Note on Review Mechanism for Illustration Rate Caps in Benefit Illustration for Participating Policies
The Hong Kong Monetary Authority issued a circular to draw authorized institutions' attention to the Insurance Authority's Interpretation Note regarding the review mechanism for illustration rate caps in participating policies. This note details the ongoing review process for caps originally established in the February 2025 Practice Note to ensure regulatory requirements remain responsive to market conditions. Authorized institutions must keep abreast of any changes, ensure benefit illustrations are accurate and non-misleading, and refrain from using re-illustrations for aggressive or unethical selling practices.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.