On 17 November 2020, Hong Kong insurance team senior associate Regina Ng presented at the online lecture to over 40 members of the General Agents and Managers Association International of Hong Kong (GAMAHK) on Insurance Authority (IA) disciplinary regime and Professional Indemnity Insurance. Regina commenced the lecture by mentioning the trend of insurance regulatory and highlighted overarching principle of treating customers fairly. She examined the IA disciplinary process by analysing the consequences of breaching the Code, penalties and remedies available to the IA and so forth. Regina went on and explained the cover available under Professional Indemnity Insurance and highlighting how it can assist the insured in case of complaints and regulatory investigations. She also highlighted the importance of the notification obligation and exclusion applied to Professional Indemnity Insurance. Regina went through several real cases to wrap up the presentation.
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