The Insurance Authority has issued two new guidelines for
licensed insurance intermediaries (the
Guidelines):
- the Guideline on "Fit and
Proper" Criteria for Licensed Insurance Intermediaries under
the Insurance Ordinance (Cap. 41) (GL23) (F&P
Guideline)
- the Guideline on Continuing
Professional Development for Licensed Insurance Intermediaries
(GL24) (CPD Guideline).
The Guidelines will come into operation on 23 September 2019,
when the new statutory regulatory regime for insurance
intermediaries comes into effect – other than the revised
minimum continuing professional development (CPD)
hours requirement in the CPD Guideline, which will come into
operation on 1 August 2021. A two-month public consultation on
drafts of the Guidelines was conducted in autumn 2018 and the
consultation conclusions were published at the end of July
2019.
