News China24 May 2024

Regulator cracks down on unlicensed persons selling insurance to mainland Chinese

| 24 May 2024

The Hong Kong Insurance Authority (IA) says that its inspections, intelligence received, and mystery shopping have continued to reveal business models adopted by certain licensed insurance broker companies that appear obviously to rely on unlicensed persons to sell long-term insurance policies to Mainland China Visitors (MCVs).

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