1708
No. 11 of 1907.
Actuarial report and abstract.
c. 61 s. 7.]
* LIFE INSURANCE COMPANIES.
14. Every company shall, once in every 5 years if established after the commencement of this Ordinance, and once in every 10 years if established before the commencement of this Ordinance, or at such shorter intervals as may be prescribed by the instrument constituting such company, or by its regulations or by-laws, cause an investigation to be made into its financial condition by an actuary and shall cause an abstract of the report of such actuary to be made in the form in the 5th schedule.
Statement of life and annuity business. [ib. s. 8.]
Forms may be altered. [ib. s. 9.]
§ Statements, etc., to be signed with the Registrar. [ib. s. 10.]
15. Every company shall, within 9 months after the date of each such investigation as aforesaid, prepare a statement of its life insurance and annuity business, in the form contained in the 6th schedule; each of such statements to be made up as at the date of the last investigation: Provided that if such investigation be made annually by any company, it may prepare such statement at any time, so that it be made at least once in every 3 years.
The expression "date of each such investigation" means the date to which the accounts of each company are made up for the purposes of each such investigation.
16. The Governor-in-Council may alter the forms in the schedules, for the purpose of adapting them to the circumstances of any company, or of better carrying into effect the object of this Part of the Ordinance.
17. Every statement or abstract hereinbefore required to be made by a company shall be signed by the principal officer thereof and deposited managing the life insurance business in Hongkong, and shall be printed; and the original, so signed as aforesaid, together with 3 printed copies thereof, shall be deposited with the Registrar within 9 months of the dates respectively hereinbefore prescribed as the dates at which the same are to be prepared. Every annual statement so deposited shall be accompanied by 3 printed copies of the abstract required to be made by section 14.
Statements and abstracts to be examined by the Registrar and his report to be published.
18. The Registrar shall make an examination into each statement or abstract deposited as aforesaid either alone or with an actuary appointed by the Governor for the purpose; and the Registrar, or
* As amended by No. 50 of 1911, No. 8 of 1912, and No. 12 of 1912. As amended by No. 50 of 1911, No. 8 of 1912, No. 12 of 1912, and No. 13 of 1912.
§ As amended by No. 8 of 1912, No. 13 of 1912, and No. 43 of 1912 Supp. Sched.
As amended by No. 8 of 1912 and No. 12 of 1912.
As amended by No. 12 of 1910 and No. 12 of 1912.