Regulatory Alerts2021-09-30
Added · Updated
Joint Inspection on the Use of Premium Financing to Take Out Long Term Insurance Policies in Hong Kong
The Insurance Authority and the Hong Kong Monetary Authority conducted a joint inspection regarding the use of premium financing for long-term insurance policies in Hong Kong. The inspection focused on evaluating compliance with regulatory standards and identifying key findings related to the practices of authorized institutions. The document serves as an annex detailing the outcomes and expectations for institutions engaging in such financing arrangements.