The move extends the Insurance Authority's remuneration framework to the bancassurance channel, requiring banks to spread the bulk of their commissions over at least five years.
The court found that HCF Life's pre-existing condition clauses did not create a significant imbalance, while leaving intact the earlier finding that the terms could mislead consumers.
While Hong Kong insurers are expected to weather China’s crackdown with little direct impact, the ratings agency said stricter controls on capital outflows could pressure premium growth prospects.
