Regulatory Alerts2022-04-01
Added · Updated
Use of Premium Financing to Take Out Long Term Insurance Policies
The Securities and Futures Commission issued this circular to regulate the use of premium financing for long-term insurance policies by authorized institutions. It mandates that institutions implement robust risk management practices and ensure adequate disclosure to clients regarding the risks and costs associated with such financing arrangements. The document aims to safeguard consumer interests and maintain market integrity by addressing potential conflicts of interest and financial risks inherent in premium financing structures.
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