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Hong Kong insurance brokerage company acquisition,How much does it cost

Financial card care question

According to data from the Hong Kong Insurance Regulatory Authority,Premiums for Mainland visitors to Hong Kong to purchase insurance in Hong Kong,Increased from HK$3.2 billion in 2008 to HK$72.6 billion in 2016。It has increased more than twice in eight years.,Accumulated policyholders number in the millions。This shows the popularity of Hong Kong insurance in the mainland。

With the establishment of the Guangdong-Hong Kong-Macao Greater Bay Area,Both sides of the Inner and Hong Kong straits have also gradually relaxed insurance restrictions.,With the continuous integration and development of,Guangdong-Hong Kong-Macao Greater Bay Area establishes Hong Kong insurance service center,Maybe it will become a reality soon。until then,Hong Kong insurance operators will be the biggest winners。Manager Peng Yi currently has a Hong Kong insurance brokerage company to be transferred to,Bosses who need it can contact me,Let me introduce you directly。

Maintaining separate client accounts Insurance brokers are required to deposit client funds into a client's bank account,separate from its own monies。He shall not use client money for any purpose other than that of the client concerned。

"Customer Account" shall be defined as follows,and held by insurance brokers on behalf of their clients:(i)"Client Account" means an account in the name of an insurance broker,under banking regulations(Chapter 155)Opened by a duly authorized financial institution,Current or savings account with "Customer" in the name。(ii)(ii)Insurance brokers must maintain at least one client account,and may maintain as many customer accounts as he thinks fit。

(iii)(iii)If an insurance broker accepts or holds money on behalf of his client that relates to insurance brokerage business,These funds must be deposited into the relevant customer accounts promptly。Insurance brokers must also have evidence to prove,Financial institutions that open "customer accounts" for customers have confirmed that they have been notified by insurance brokers of the requirements of Section 71 of the Ordinance。

Without limiting the generality of the foregoing,Below are some general guidelines,To describe the circumstances under which funds must be credited to or withdrawn from the client's account。

(a)Amounts required to be deposited into the client's account The following amounts must be deposited into the client's account:(i)Collect money from customers to purchase insurance contracts;(ii)Represent clients from insurers、reinsurer、Insurance intermediaries and any third parties receiving payments in connection with payment of insurance claims;(iii)Collect payments from clients incidental to general insurance brokerage transactions;as well as(iv)Must be deposited into client account,Amount to pay bank charges related to the account。

(b)Amounts that may be withdrawn from the Client's account shall be limited to:(i)Must report to the insurer on behalf of the client、Payment by a reinsurer or other insurance intermediary to purchase an insurance contract;(ii)Collection of claim monies on behalf of clients for payment to the claimant or person entitled to receive the monies;(iii)Payments to clients incidental to general insurance brokerage transactions;(iv)Withdrawals with written authorization from customers;(v)Interest charged on deposits in client accounts;(vi)Must be withdrawn from client account,Amount to pay bank charges related to the account;as well as(vii)In case of non-compliance with the(D)(a)item case,Money mistakenly or accidentally deposited into an account。

Manager Peng Yi,Hong Kong insurance brokerage company to be transferred。We also accept license applications,需要的可以看网站图片/内链联系我


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Xu Wanting

Xu Wanting has been engaged in insurance and financial services compliance work in Hong Kong for many years,Responsible for the preparation of IA insurance brokerage regulatory compliance documents、Internal control process construction、AML system design、Regulatory filings and interactions with regulators。She is familiar with insurance product liability、sales compliance、Institutional requirements such as customer protection regulations and establishment of internal training and compliance systems。

Areas of expertise:IA Insurance Brokerage Regulatory Compliance Documentation、Internal control process construction、AML system design、Customer protection regulations、Internal training。

Previous institutions:Hong Kong insurance brokerage company & IA Compliance Team

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