Circular providing Interpretation Notes relating to the Guideline on Offering of Gifts (GL25) and the Guideline on Long Term Insurance Policy Replacement (GL27)

22 Sep 2020

The IA issues these Interpretation Notes with the aim of providing further guidance to authorized insurers and licensed insurance intermediaries in respect of the Guidelines after consultation with the key stakeholders. The Interpretation Notes are prepared in the form of Frequently Asked Questions to help illustrate the relevant requirements. They are not intended to be exhaustive and will be kept under review and updated when necessary.

Read more: https://www.ia.org.hk/en/legislative_framework/circulars/reg_matters/files/Circular_22092020.pdf

Guideline on Offering of Gifts (GL25): https://www.ia.org.hk/en/legislative_framework/circulars/reg_matters/files/Interpretation_Notes_to_GL25.pdf

Guideline on Long Term Insurance Policy Replacement (GL27):
https://www.ia.org.hk/en/legislative_framework/circulars/reg_matters/files/Circular_22092020.pdf