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Results: 1-10 of 38

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


Guarding against the creation of statutory trusts when assigning life insurance policies as collateral
  • Mayer Brown JSM
  • Hong Kong
  • June 10 2015

Section 13 of the Married Persons Status Ordinance Cap 182 (MPSO) of Hong Kong creates a statutory trust in favour of beneficiaries who are the


Underwriting and selling of life insurance products in Hong Kong
  • Mayer Brown LLP
  • Hong Kong
  • September 2 2015

This legal update briefly summarises the recent guidelines issued by the OCI and HKMA: OCI Guidance Note 16 on Underwriting Long Term Insurance


Insurance Authority to Start Soon - Be Prepared for a Watchdog With Teeth!
  • Mayer Brown JSM
  • Hong Kong
  • May 19 2017

In Hong Kong, insurance intermediaries are currently self-regulated by three different professional bodies. The Insurance Agents Registration Board


Reduced limitation period in insurance policy enforceable
  • Mayer Brown JSM
  • Hong Kong
  • January 29 2015

In the recent case of Possehl Electronics Hong Kong Limited v. China Taiping Insurance (HK) Co. Ltd, (CACV 92014), the plaintiff appealed against


Insurers not presumed to know facts merely because they are available on the internet
  • Mayer Brown LLP
  • Hong Kong
  • September 17 2013

Should the insurer be presumed to have knowledge of matters that it could have discovered from public resources? The Court of Appeal in Hua Tyan


When does an insurance intermediary need to disclose commissions? Judgment from UK Supreme Court may provide some guidance
  • Mayer Brown JSM
  • United Kingdom
  • May 20 2015

In the UK Supreme Court's judgment of Plevin v. Paragon Personal Finance Limited UKSC 61, it was held that the failure to disclose a commission of 71


Hong Kong's Contracts (Rights of Third Parties) Ordinance to commence on 1 January 2016
  • Mayer Brown LLP
  • Hong Kong
  • June 9 2015

The Government has gazetted 1 January 2016 as the commencement date of the Contracts (Rights of Third Parties) Ordinance (the "Ordinance"). The


Giving third parties contractual rights the new rules
  • Mayer Brown JSM
  • Hong Kong
  • June 3 2015

Hong Kong's Contracts (Rights of Third Parties) Ordinance No.17 of 2014 (the "Ordinance") was passed in December 2014, and is expected to come into


Marine insurance warranty upheld
  • Mayer Brown LLP
  • Hong Kong
  • October 29 2014

A marine insurance dispute that ascends to Hong Kong's Court of Final Appeal is both a rarity and a matter of international legal interest, given