Circulars
 Published Date: 13 January 2020

ID 01/20 Restriction as to Receipt and Payment of Volume-Based Remuneration

To remind all direct insurers to comply with their regulatory obligations under Section 35ZH of the Insurance Act, read with section 35ZN(2) of the Insurance Act, not to pay any volume-based remuneration to direct insurance brokers.
Applies to: Direct Insurer (Life) , Direct Insurer (General) , Direct Insurer (Composite) , Lloyd's Asia Scheme
View Document ID 01/20 Restriction as to Receipt and Payment of Volume-Based Remuneration (330.8 KB)