Insurance Intermediary Business Ordinance took effect on 1 August, strengthening the protection of customer rights
The Macau Institute of Financial Services (IFS) and the Macau Insurance Agents and Brokers Association co-hosted a seminar on regulatory details of the Insurance Intermediary Business Ordinance, with the AMCM's representatives sharing insights.
With the development of the insurance market and the increasing diversity of insurance products, the number of insurance intermediaries in Macao has grown significantly. To further safeguard customers’ rights, the newly revised Insurance Intermediary Business Ordinance officially took effect on 1 August. On the same day, the Monetary Authority of Macao (AMCM) launched the "Registry of Insurance Intermediaries" inquiry system on its website, allowing the public to access information such as intermediaries' licenses, business scope, validity periods, and appointing principals.
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Friday, 8th August
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