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Results: 1-10 of 38

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


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


A new era of insurance regulation in Hong Kong
  • Mayer Brown JSM
  • Hong Kong
  • September 11 2015

On 10 July 2015, the Insurance Companies (Amendment) Ordinance 2015 was enacted bringing Hong Kong into a new era of insurance regulation. The


Is a cover note a formal insurance policy?
  • Mayer Brown LLP
  • Hong Kong
  • September 18 2013

The Court of Appeal in China Ping An Insurance (Hong Kong) Company Limited v. Tsang Fung Yin Josephine and Mohammad Taj (CACV 1792012) found that


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


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


New Corporate Governance Standards for Authorised Insurers to Ring in the New Year
  • Mayer Brown JSM
  • Hong Kong
  • January 6 2017

2017 brings a new and modernised set of corporate governance standards to authorised insurers in Hong Kong. The revised edition of the Office of the


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


MMT's First Ruling on Hong Kong's Inside Information Disclosure Regime - A New Frontier?
  • Mayer Brown JSM
  • Hong Kong
  • January 20 2017

In November 2016, the Market Misconduct Tribunal (MMT) found that AcrossAsia Limited (AAL), its former chairman, Mr. Albert Saychuan Cheok (Cheok


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