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Results: 1-10 of 30

Transfer of long-term business and the court's role

  • Edwards Wildman Palmer LLP
  • -
  • Hong Kong
  • -
  • April 18 2013

This case concerned a petition presented jointly by AXA (Hong Kong) Life Insurance Company Limited (AXA (HK)) and AXA China Region Insurance Company

Court as gatekeeper the transfer of long term insurance business in Hong Kong

  • King & Wood Mallesons
  • -
  • Hong Kong
  • -
  • February 18 2013

The recent decision of Re AXA (Hong Kong) Life Insurance Co Ltdi highlights the Court's role in the transfer of a Hong Kong long term insurance

Condition impossible who accepts liability when a policy condition is incapable of being satisfied?

  • King & Wood Mallesons
  • -
  • Hong Kong
  • -
  • December 20 2012

The High Court of Hong Kong in Hua Tyan Development Limited v Zurich Insurance Company Limited 2012 HKLRD 827 held that an insurer cannot rely on the breach of a condition of the policy if the insurer or the broker (while acting as its agent) knew or ought to have known that it was incapable of being satisfied

Unfair terms in consumer policies

  • Kennedys Law LLP
  • -
  • Hong Kong, United Kingdom
  • -
  • November 2 2012

The High Court in England has recently held that a general condition in a property policy, requiring the policyholder to provide all written details and documents requested by the insurer if anything happened which might result in a claim, was not unfair under the Unfair Terms in Consumer Contracts Regulations 1999 ("the Regulations"

Failure by insurer to report termination of agent's appointment results in breach of duty

  • Mayer Brown LLP
  • -
  • Hong Kong
  • -
  • October 8 2012

In Dah Sing Insurance Service Ltd v Singh 2012 HKDC 575, the District Court found that Dah Sing breached its statutory duty and duty of care to its insurance agent for failing to report the termination of his appointment and his CPD credits

Disclosure of insurance brokerage commission

  • Edwards Wildman Palmer LLP
  • -
  • Hong Kong
  • -
  • September 7 2012

In a landmark case earlier this year, the Hong Kong Court of First Instance decided that commissions received by an insurance broker from an insurer do not constitute illegal secret profits provided that they do not exceed what is normally paid in the insurance market

General counsel update

  • Herbert Smith Freehills LLP
  • -
  • China, European Union, Germany, Hong Kong, Indonesia, Mongolia, Singapore, United Kingdom, USA
  • -
  • July 11 2012

This is the thirtieth in our series of general counsel updates which aim to summarise major developments in key areas

Fraud exception in incontestability clause of life insurance policy upheld

  • Mayer Brown LLP
  • -
  • Hong Kong
  • -
  • July 4 2012

The Court of First Instance held in Ma Kim Ying v Manulife (International) Limited (HCA 19892008) that the incontestability clause was not applicable because of fraudulent misrepresentations by the life insured in the proposal form

General counsel update: 31 May 2012

  • Herbert Smith Freehills LLP
  • -
  • Argentina, China, European Union, Hong Kong, Singapore, Spain, United Kingdom
  • -
  • May 31 2012

This is the twenty-ninth in our series of General Counsel Updates which aim to summarise major developments in key areas

The warranties in your marine insurance policy may no longer matter

  • Piper Alderman
  • -
  • Australia, Canada, Hong Kong, United Kingdom
  • -
  • May 10 2012

Marine insurers often ask their insureds to warrant certain things are true before issuing a policy

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