The Insurance Authority (IA) today (6 November 2024) wishes to alert members of the public in Hong Kong to a company called “Marble Insurance Services Limited” which claims to be a general insurer in Hong Kong and is using an insurance-related company name without the IA’s consent1. The company is not an authorized insurer or a licensed insurance intermediary under the Insurance Ordinance (Cap. 41) to carry on insurance business or regulated activities in or from Hong Kong.
Anyone who has provided personal information to or conducted any financial transactions with the aforesaid company, should consider reporting the case to the Hong Kong Police Force.
Members of the public are reminded to verify the identity of any company conducting insurance business. The full lists of authorized insurers and licensed insurance intermediaries in Hong Kong can be found on the Register of Authorized Insurers and Register of Licensed Insurance Intermediaries at the IA website respectively.
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Note:
1Under section 120 of the Insurance Ordinance (Cap. 41), without the written consent of the IA or exemptions, a person must not use the word “insurance” or “保險” in the description or name under which the person is carrying on business in or from Hong Kong. A person who contravenes the above commits an offence and is liable to a fine of $200,000 and, in the case of an individual, also to imprisonment for 2 years.
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