892
THE HONGKONG GOVERNMENT GAZETTE, JULY 19, 1907.
Short Title.
Interpreta- tion of terms.
A BILL
ENTITLED
An Ordinance relating to Fire and Life Insur-
ance Companies.
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 for all purposes as The Insurance Companies Ordinance, 1906.”
2. In this Ordinance-
The term "Life Insurance Company," except where otherwise stated in this Ordinance shall include any person or persons whatsoever orany associa- tion, corporate or unincorporate, not being estab- lished under any Ordinance relating to friendly societies, who issue or are or become Hable muder policies of insurance upon imman life within the Colony, or who grant annuities upon human life within the Colony, or by any other means carry on the business of life insurance within the Colony; and shall include companies established out of Hongkong as well as those established in Hongkong; and shall include mutual associations as well as proprie- tary, and shall include a company registered in Hougkong which carries on the business of life insurance in China.
The term "carry on the business of life insurance" shall include the receipt either directly or through an agent of applications for policies of insurance on human life, or for annuities upon human life, and the receipt either directly or through an agent of premiums, or other pay- ments, for or in respect of such policies or annuitics; whether such policies or annuities are or are not issued or payable within the Colony, and whether the company has or has not an office within the Colony.
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The term Fire Insurance Company" except where otherwise stated in this Ordinance, shall include any person or persons whatsoever or any associa- tion, corporate or unincorporate, who issue or are or become liable under policies of fire insurance within the Colony, or by any other means carry on the business of insurance with- in the Colony, and shall include companies established out of Hongkong as well as those established in Hongkong, and shall include mutual associations as well as proprietary and shall include a company registered in Hongkong which carries on the business of fire insurance in China.
The term "Marine Insurance Company" except where otherwise stated in this Ordinance, shall include any person or persons whatsoever or any association corporate or muincorporate, who issue or are or become liable under policies of marine insurance within the Colony, or by any other means carry on the business of insurance within the Colony, and shall include companies established out of Hongkong as well as those established in Hongkong, and shall include mutual associations as well as proprietary and shall include
# company registered in Hongkong which carries on the business of marine insurance in China. The term carry on the business of insurance" shall include the receipt either directly or through an agent of applications for policies of insurance and the receipt either directly or through an agent of premiums or other pay- ments for or in respect of such policies whether such policies are or are not issued or payable within the Colony and whether the company has or has not an office within the Colony, The term
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Chairman means the person for the time being presiding over the board of direc- tors of any company.