Hong Kong - Insurance Authority finalises codes of conduct for insurance intermediaries

On 3 September 2019, the Insurance Authority (the “IA”) released conclusions on its consultations on the draft Code of Conduct for Licensed Insurance Agents (the “Agents’ Code”) and the draft Code of Conduct for Licensed Insurance Brokers (the “Brokers’ Code” and together with the Agents’ Code, the “Codes”).

The final Codes do not depart materially from the drafts, however the IA has made some amendments to the Codes and provided further clarity on several points.