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Results: 1-10 of 24

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


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


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


Hong Kong tightens controls over sales of ILAS products
  • Mayer Brown LLP
  • Hong Kong
  • July 24 2013

Hong Kong regulators have tightened regulatory controls over the sale of Investment-Linked Assurance Schemes (ILAS) by imposing further requirements


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


Establishment of a new Independent Insurance Authority in Hong Kong consultation conclusions
  • Mayer Brown JSM
  • Hong Kong
  • January 13 2014

In the near future, Hong Kong will have a new insurance regulator which is financially and operationally independent from the government - 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


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


Insurers not entitled to reject blanket notification McManus & Others v. European Risk Insurance Co 2013 EWHC 18 (Ch)
  • Mayer Brown JSM
  • United Kingdom
  • January 10 2014

The English Courts have held that insurers are not entitled to reject a blanket notification filed by an insured. The Court ruled that a notification


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