Hong Kong Insurance Authority

Chairman Yiu attributed the industry’s standing to the RBC regime.

A client paid $7,693 to the agent, which was later misappropriated.

However, the inspection also identified several areas needing improvement.

The circulating ad even featured a government Dep’t logo.

On a year-on-year basis, it climbed 12.2%.

Violations can result in a fine and imprisonment for up to two years.

The first joint operation led to the arrest of a broker and a referrer.

The report outlined the authority’s initiatives in the past year, including passing the Insurance (Amendment) Bill 2023.

They are followed by mature working adults, with the youth as the least literate.

The callers are pretending to be staff from the IA to gain private information.

However, the public is still encouraged to make use of off-site services.

General insurance business was up by 1.4%

Yam Wai Shu will not be allowed to apply for a licence for five months.