Overview of the New Regulatory Framework Under Insurance Ordinance

Overview of the New Regulatory Framework Under Insurance Ordinance

Overview

This course provides a high-level overview of the new regulatory framework after the Insurance Authority commenced direct regulation over insurance intermediaries as from 23 September 2019.

Objective

To give practitioners some highlights of the latest regulatory development of the insurance industry.

Content

1. Functions of the Insurance Authority
- Licensing
- Supervision
- Enforcement
- Consumer Protection

2. New licensing regime under the Insurance Ordinance
- Activities that may trigger licensing regime
- Types of licences

3. Supervisory guidelines
- Guidelines on the Fit and Proper Criteria
- Guidelines in the Continuing Professional Development for Licensed Insurance Intermediaries
- Conduct requirements for intermediaries
I. Code of Conduct for Licensed Insurance Brokers
II. Code of Conduct for Licensed Insurance Agents

4. Enforcement - Guidelines on exercising power to impose pecuniary penalty in respect of regulated persons under the Insurance Ordinance

5. Consumer protection - Complaint handling

Who should attend

Front line or back office function of insurance intermediaries

Speaker/Course Instructor

Man YAU
Ms. Yau was a Senior Compliance Manager of a bank and has extensive experiences in compliance function of various financial institutions. She is experienced in delivering compliance related training. She was awarded the degrees of the Bachelor Degree of Arts in Accountancy and the Master of Laws in Corporate & Financial Law.

Details

Code
TPRCR19010001
Date & Time
Tuesday, 10 Dec 2019 (6:30PM - 8:30PM)
Venue
HKSI Institute Training Centre
Language
Cantonese
Level
Introductory
Hours
SFC:2.00, PWMA:2.00
Fees
All Member: HK$440
Staff of Corporate Member: HK$440
Non-Member: HK$880