News Regulations28 Jun 2019

Hong Kong:Regulator announces monetary penalty for licensed insurance intermediaries

The Insurance Authority (IA) has published consultation conclusions on the 'Guideline on Exercising Power to Impose Pecuniary Penalty in Respect of Regulated Persons' under the Insurance Ordinance. The guideline suggests that a monetary penalty should be effective, proportionate and fair in the event of improper conduct.

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