Regulatory Alerts2022-04-01
Added · Updated
Use of Premium Financing to take out Long Term Insurance Policies
The Insurance Authority issued this circular on 1 April 2022 to regulate the use of premium financing for long-term insurance policies. It establishes compliance requirements for authorized institutions regarding the sale and administration of such financed insurance products. The document aims to ensure proper risk management and consumer protection in wealth management contexts involving insurance.
CIR
Current
Issue Date:
01 Apr 2022
20220401-6-EN.pdf (117.7 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Superseded Document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
Annex
Current
01 Apr 2022
Enclosure 2 - Important Facts Statement – Premium Financing
CIR
Current
01 Apr 2022
Use of Premium Financing to take out Long Term Insurance Policies
Annex
Current
01 Apr 2022
Enclosure 2 - Important Facts Statement – Premium Financing
Cross referenced Document
Version History
Superseded Document
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