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THE HONGKONG GOVERNMENT GAZETTE, DECEMBER 28, 1917.
HONGKONG.
No. 32 of 1917.
I assent to this Ordinance.
!:
aytag Arms F. H. MAY,
LS
Governor.
Short title.
Application
of Ordi-
nance.
9 Fdw, 7, c. 49, s. 1.
Meaning of carrying on business within the Colony.
1
27th December, 1917.
An Ordinance to provide for the making of deposits by certain persons firms and compa- nies carrying on fire or marine insurance business.
[28th December, 1917.]
Be it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, as follows:-
1. This Ordinance may be cited as the Fire and Marine Insurance Companies Deposit Ordinance, 1917.
2.-(1.) This Ordinance shall apply to all persons and bodies of persons, whether incorporate or unincorporate, whether established before or after the commencement of this Ordinance, and whether established within or without the Colony, who carry on any fire or marine insurance business.
(2.) Such persons and bodies of persons are hereinafter referred to as insurance companies.
3. For the purposes of this Ordinance a person or body of persons shall be deemed to carry on fire or marine in- surance business within the Colony in the following cases:-
(a) if he or it opens or maintains an office or agency within the Colony for the purpose of any fire or marine insurance business, or within the Colony holds out himself or itself as prepared to transact any such business;
(b) if, either directly or through an agent, he or it receives within the Colony any application for a fire or marine insurance policy, or receives within the Colony any premium or other pay- ment in respect of any fire or marine insurance policy, whether such policy is or is not issued or payable within the Colony, and whether he or it has or has not an office within the Colony; or
(c) if he or it undertakes or offers to undertake any
fire or marine risk within the Colony.
Provided that no person or body of persons shall be deemed to carry on marine insurance business within the Colony by reason only of the fact that such person or body of persons acts as an agent for the purpose of settling claims under contracts of marine iusurance entered into wholly outside the Colony in respect of goods consigned to the Colony.
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