Hong Kong’s insurance regulator told investors it remains in close contact with
Mainland China ministries on regulatory issues including illegal cross‑border
sales. Under current rules, life insurance sales must be completed in Hong Kong
and licensed Hong Kong insurance intermediaries are prohibited from soliciting
business in the mainland. Principals (insurers, brokers or agencies) must
Effectively implement internal controls to ensure intermediaries act lawfully.
Since 2016, additional supervisory requirements obligate mainland purchasers to
sign an Important Information Declaration, require all sales and policy
documents to be signed in Hong Kong, and require insurers to collect supporting
evidence (eg, entry records) proving the customer was physically in Hong Kong at
application.
