Insurance Authority consults on draft codes of conduct for licensed insurance intermediaries

On 28 March 2019, the Insurance Authority launched a two-month public consultation on the draft Code of Conduct for Licensed Insurance Agents and the draft Code of Conduct for Licensed Insurance Brokers. 

At present, insurance intermediaries are required to comply with conduct requirements promulgated by their respective self-regulatory organisations. Under the new statutory regime for insurance intermediaries, which is expected to come into effect in mid-2019, the Insurance Authority will take over the regulatory functions of insurance intermediaries from the three self-regulatory organisations. The proposed Codes will come into operation on the day on which the new statutory regime for insurance intermediaries comes into operation.
 

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