XN000022-1987-06-24 — Page 12

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WEDNESDAY, JUNE 24, 1987

THE "IN THE INTERESTS OF POTENTIAL POLICY-HOLDERS, CLAUSE 2 OF

EXPRESS BILL INSERTS A NEW SECTION 8(1) TO PROVIDE THE AUTHORITY WITH

NOT SPECIFIED IN SECTIONS POWER TO REFUSE AUTHORISATION ON GROUNDS 8(2) AND (3), HE EXPLAINED.

IT

MEANWHILE, "AS A SAFEGUARD AGAINST ANY POSSIBLE ABUSE

THAT PROVIDES OF

BILL CLAUSE

THE 3 POWER, APPLICATION HAS BEEN REFUSED BY THE AUTHORITY UNDER 8(1)(B) (II) MAY APPEAL TO THE FINANCIAL SECRETARY,

"IN THE EVENT

OF

TI

OF THIS ANY COMPANY WHOSE THE NEW SECTION HE ASSURED.

SUCH AN

REASONS

APPEAL,

FOR

AUTHORITY THE

TO REFUSAL

THE

WOULD BE FINANCIAL

AND FINAL

HIS REQUIRED TO FURNISH SECRETARY WHO WOULD REVIEW THE CASE AND MAKE AN INDEPENDENT

DECISTON."

MR NENDICK ALSO SAID ADMINISTRATIVE GUIDELINES AUTHORISATION CRITERIA.

THE WHICH

DRAWN UP INSURANCE AUTHORITY

SPELT OUT IN GENERAL TERMS THE

HAD

GUIDELINES THESE

WILL BE

MADE

PROPOSING TO APPLY TO BECOME AN AUTHORISED INSURER,

TO AVAILABLE

HE SAID.

COMPANIES

THE INSURANCE ADVISORY

THE COMMITTEE,

HONG KONG AND THE LIFE INSURANCE COUNCIL HAD FOR THE PROPOSED AMENDMENTS.

OF COUNCIL INSURANCE EXPRESSED FULL SUPPORT

DEBATE ON THE BILL WAS ADJOURNED.

BILL TO IMPROVE PILOTAGE LAW OPERATION INTRODUCED

THE PILOTAGE

TO ΤΟ AND

REVISE

THE

PROVIDE THE

1987 SEEKS BILL (AMENDMENT )

ADVISORY COMMITTEE MEMBERSHIP OF THE PILOTAGE PILOTAGE AUTHORITY WITH CERTAIN POWERS TO IMPROVE THE OPERATION OF THE THE HON DAVID SECRETARY, FINANCIAL PILOTAGE ORDINANCE, THE ACTING

NENDICK, SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

MOVING THE SECOND READING OF THE

THAT

BILL, MR

SAID NENDICK

OF DIRECTOR

MARINE WHO, REGULATED COMMITTEE,

AND

ADVISORY

THE ESTABLISHED PILOTAGE AUTHORITY WAS THE UNDER THE ADVICE OF THE PILOTAGE CONTROLLED PILOTAGE IN HONG KONG.

/SINCE THE