23
FRIDAY, MAY 8, 1992
THE GUIDANCE NOTE STATES THAT THE APPOINTED ACTUARY IS ΤΟ PROVIDE ADVICE ON ALL ACTUARIAL MATTERS - NOT ONLY THOSE ON WHICH HAS HAD A SPECIFIC REQUEST FOR ADVICE FROM THE INSURER.
HE
IT HAS BEEN ACTUARIAL
"ALTHOUGH THIS IS GENERALLY WELL UNDERSTOOD, REPORTED THAT NOT ALL INSURERS ARE SEEKING AND OBTAINING ADVICE ON AN ONGOING BASIS," THE COMMISSIONER ADDED.
THE GUIDANCE NOTE STRESSES THAT THE APPOINTED ACTUARY SHOULD, IF THE ACTUARY SO REQUESTS, HAVE DIRECT ACCESS
THE BOARD OF DIRECTORS REGARDING ACTUARIAL MATTERS, AND THAT HE BE KEPT FULLY INFORMED OF THE INSURER'S AFFAIRS AND BE PROVIDED WITH THE NECESSARY INFORMATION TO CARRY OUT HIS ROLE EFFECTIVELY.
THE GUIDANCE NOTE MAKES CLEAR THAT, AS IT IS IMPORTANT THAT THE ACTUARY TAKES ALL REASONABLE STEPS TO BE SATISFIED THAT AT ALL TIMES THE BUSINESS IS SOLVENT, HE MAY NEED TO OBTAIN PRIOR AGREEMENT FROM THE INSURER THAT HE BE CONSULTED IN CERTAIN CIRCUMSTANCES AND EVEN THAT CERTAIN TYPES OF ACTION SHOULD BE DEFERRED UNTIL HE HAS BEEN
CONSULTED.
IT IS POINTED OUT THAT IT IS ENTIRELY APPROPRIATE FOR THE APPOINTED ACTUARY TO SEE THE SAFEGUARDING OF THE POLICY-HOLDERS' INTEREST AS BEING AN IMPORTANT PART OF HIS ROLE.
PROPOSED BRIDGE PROVIDES ADDITIONAL ACCESS TO TSING YI
* *
ANOTHER TSING YI SOUTH ROAD IMPROVEMENT
THE GOVERNMENT PROPOSES TO CONSTRUCT BRIDGE ACROSS THE RAMBLER CHANNEL TOGETHER WITH WORKS AT THE APPROACHES AT ITS BOTH ENDS.
THE PROPOSED BRIDGE WILL PROVIDE AN ADDITIONAL ACCESS TO TSING YI ISLAND TO RELIEVE THE HEAVY TRAFFIC MOVEMENT ON THE EXISTING TSING YI SOUTH BRIDGE.
THE WORKS ARE PROGRAMMED ΤΟ START IN EARLY NEXT YEAR FOR COMPLETION IN MID 1996.
THE PLANS OF THE PROPOSED PROJECT MAY BE SEEN AT THE FOLLOWING GOVERNMENT OFFICES DURING OFFICE HOURS:
* CENTRAL AND WESTERN DISTRICT OFFICE, PUBLIC ENQUIRY SERVICE
CENTRE, GROUND FLOOR, HARBOUR BUILDING, 38 PIER ROAD, CENTRAL;
* KWAI TSING PUBLIC ENQUIRIES SERVICES CENTRE, KWAI TSING DISTRICT OFFICE, SECOND FLOOR, KWAI HING GOVERNMENT OFFICES BUILDING; 166-174 HING FONG ROAD, KWAI CHUNG;
* KWAI TSING DISTRICT LANDS OFFICE, 10TH FLOOR, TSUEN WAN STATION MULTI-STOREY CARPARK BUILDING, 174-208 CASTLE PEAK ROAD, TSUEN WAN.
/DETAILS OF