Insurance Addendum

Insurance Addendum Template for Hong Kong

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Insurance Addendum

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

"I need an Insurance Addendum to modify our existing commercial property policy to include cyber security coverage with a coverage limit of HKD 10 million, effective from March 1, 2025, while maintaining all other existing terms of our Hong Kong property insurance policy."

Document background

The Insurance Addendum is a critical document used when modifications to an existing insurance policy are required without creating an entirely new policy. It is commonly employed in Hong Kong's insurance market when circumstances necessitate changes to coverage, premiums, beneficiaries, or other policy terms. The document must comply with Hong Kong's Insurance Ordinance (Cap. 41) and the regulatory requirements set by the Hong Kong Insurance Authority. An Insurance Addendum typically includes references to the original policy, clearly stated modifications, effective dates, and confirmation of unchanged terms. It's particularly important in Hong Kong's dynamic business environment where insurance needs may change rapidly due to business expansion, regulatory updates, or risk profile changes.

Suggested Sections

1. Parties: Identification of the insurer and the insured party, including full legal names and registration details

2. Background: Reference to the original insurance policy, including policy number, date of issuance, and reason for the addendum

3. Definitions: Key terms used in the addendum, including any new terms not defined in the original policy

4. Effective Date: The date from which the modifications take effect

5. Scope of Modifications: Clear statement of which parts of the original policy are being modified

6. Modified Terms: Detailed description of the specific changes being made to the original policy

7. Confirmation of Unchanged Terms: Statement confirming which original policy terms remain in effect

8. Integration Clause: Statement of how this addendum integrates with the original policy

9. Governing Law and Jurisdiction: Confirmation that Hong Kong law governs the addendum

10. Execution: Signature blocks for all parties and dates of execution

Optional Sections

1. Premium Adjustment: Include when the modification affects insurance premiums or payment terms

2. Coverage Modifications: Include when changing the scope of insurance coverage

3. Claims Procedures: Include when modifying how claims should be handled

4. Regulatory Compliance: Include when changes are being made to comply with new regulations

5. Broker/Intermediary Details: Include when the modification involves changes to or appointment of insurance intermediaries

6. Termination Rights: Include when modifying conditions for policy termination

7. Special Conditions: Include when adding specific conditions unique to the modified coverage

Suggested Schedules

1. Schedule A - Modified Coverage Details: Detailed breakdown of changes to insurance coverage, limits, and exclusions

2. Schedule B - Revised Premium Schedule: Updated premium calculations and payment schedule if applicable

3. Schedule C - Updated Beneficiary Information: If the addendum involves changes to beneficiary arrangements

4. Appendix 1 - Regulatory Disclosures: Required disclosures under Hong Kong insurance regulations

5. Appendix 2 - Updated Policy Terms: Complete set of modified policy terms with marked changes

6. Appendix 3 - Claims Documentation: Updated claims forms or procedures if modified by the addendum

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Financial Services

Insurance

Banking

Real Estate

Manufacturing

Healthcare

Construction

Retail

Transportation

Professional Services

Technology

Maritime

Aviation

Relevant Teams

Legal

Compliance

Risk Management

Finance

Operations

Insurance

Underwriting

Claims

Corporate Secretariat

Business Development

Policy Administration

Relevant Roles

Insurance Manager

Risk Manager

Compliance Officer

Legal Counsel

Chief Financial Officer

Insurance Underwriter

Claims Manager

Policy Administrator

Corporate Secretary

Risk Assessment Officer

Insurance Broker

Contract Manager

General Counsel

Business Operations Manager

Find the exact document you need

Medical Information Disclosure Consent Form

A Hong Kong-compliant consent form for authorizing the disclosure of patient medical information to specified parties, adhering to local privacy and healthcare regulations.

tiktok���˰�

How a Sales & Marketing Lead uses tiktok���˰� to reduce contract drafting time by 95%

Let's create your Insurance Addendum

Authors

Alex Denne

Find the exact document you need

Medical Information Disclosure Consent Form

Insurance Verification Form

Travel Consent Letter For Separated Parents

Insurance Authorization Letter

Insurance Referral Agreement

Insurance Pooling Agreement

Insurance Confirmation Letter

Insurance Addendum

Property Damage Claim Letter

Car Insurance Agreement

Price Purchase Agreement

Insurance Settlement Agreement

Transfer Of Copyright Ownership Form

Health Information Form

Ground Lease Agreement

Medical Authorization Letter

Download our whitepaper on the future of AI in Legal

�ұ�Ծ���’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

Use Cases

tiktok��˰�

How a Sales & Marketing Lead uses tiktok��˰� to reduce contract drafting time by 95%

�ұ�Ծ��’s Security Promise