News Regulations26 Oct 2020

Hong Kong:HKMA sets out standards expected of authorised institutions on life insurance policy replacement

| 26 Oct 2020

The Hong Kong Monetary Authority (HKMA) has released some key observations identified in the course of its supervisory work as well as the expected standards in relation to selling of life insurance policies, where a customer applies to purchase a new life insurance policy, and replaces or makes certain changes to an existing life insurance policy previously purchased.

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