The Insurance Introducer Agreement is essential for businesses operating in Hong Kong's regulated insurance market who wish to establish formal referral relationships. This document is typically used when an insurance company or broker wants to expand their distribution network through third-party introducers while maintaining regulatory compliance. The agreement carefully delineates the introducer's permitted activities to ensure they don't cross into regulated insurance intermediary activities requiring licensing under Hong Kong law. It includes crucial elements such as commission structures, compliance requirements, data protection obligations, and anti-money laundering procedures. The document is particularly important given Hong Kong's strict regulatory environment and the Insurance Authority's oversight of insurance-related activities.

1. Parties: Identification of the insurance company/broker and the introducer, including their registered details and licensing status

2. Background: Context of the agreement and brief description of the parties' business relationship

3. Definitions: Key terms used throughout the agreement, including regulatory terminology

4. Appointment and Scope: Terms of appointment and precise scope of introducer's permitted activities

5. Regulatory Compliance: Obligations to comply with Hong Kong insurance regulations and Insurance Authority requirements

6. Introducer's Obligations: Core duties including client introductions, information provision, and compliance with regulations

7. Company's Obligations: Insurance company's/broker's responsibilities, including processing referrals and providing necessary information

8. Commission Structure: Framework for commission payments and calculations

9. Confidentiality: Obligations regarding confidential information and data protection

10. Term and Termination: Duration of agreement and circumstances for termination

11. Anti-Money Laundering: AML/CTF compliance requirements and procedures

12. Record Keeping: Requirements for maintaining records of introductions and transactions

13. Indemnity and Liability: Liability limitations and indemnification provisions

14. General Provisions: Standard boilerplate clauses including governing law, notices, and entire agreement