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Insurance brokers entitled to receive commission payments

  • Freshfields Bruckhaus Deringer LLP
  • -
  • Hong Kong
  • -
  • January 20 2012

The Hong Kong Court of First Instance has upheld the long-established common law position that commissions paid by insurers to insurance brokers do not constitute an illegal secret profit unless it is in excess of what is normally paid within the insurance market

Insurance brokers entitled to receive commission payments

  • Freshfields Bruckhaus Deringer LLP
  • -
  • Hong Kong
  • -
  • February 10 2012

The decision is a clear indication that insurance companies or agents may continue with the practice of commission payments, but should take the following steps in association with such payments