LIFE INSURANCE COMPANIES.
No. 11 of 1907.
1703
being established under any Ordinance relating to friendly societies, who issue or are or become liable under policies of insurance upon human 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, companies registered in Hongkong which carry on the business of life insurance in China, and also mutual associations as well as proprietary.
"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 payments for or in respect of such policies or annuities, 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.
"Chairman" means the person presiding over the board of directors of any company.
"Policy holder" means the legal holder of a policy for securing the life insurance, endowment, annuity or other contract with the company.
"Policy" includes a contract for a policy for securing a life insurance, endowment, or annuity.
"Financial year" means each period of 12 months at the end of which the balance of the accounts of the company is struck; or if no such balance is struck, then each period of 12 months ending with 31st December.
"Registrar" means the Registrar of Companies under the Companies Ordinance, 1911.
"Official Trustee" means the Official Trustee appointed under the Trustee Ordinance, 1901.
No. 58 of 1911.
No. 5 of 1901.
PART I.
Conditions to be complied with by life assurance companies.
3.-(1) Every company, wherever established, which shall begin to carry on the business of life insurance within the Colony, and [33 & 34 Vict. c. 61 s. 3.]
* As amended by No. 12 of 1910, No. 50 of 1911, No. 8 of 1912, No. 12 of 1912, No. 13 of 1912, No. 21 of 1912 and No. 23 of 1912.
*
LIFE INSURANCE COMPANIES.
No. 11 of 1907.
1703
being established under any Ordinance relating to friendly societies, who issue or are or become liable under policies of insurance upon human 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 Hong- kong, companies registered in Hongkong which carry on the busi- ness of life insurance in China, and also mutual associations as well as proprietary.
"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 payments for or in respect of such policies or annuities, 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.
Chairman
means the person presiding over the board of
directors of any company.
Policy holder" means the legal holder of a policy for securing the life insurance, endowment, annuity or other contract with the
company.
"Policy" includes a contract for a policy for securing a life insurance, endowment, or annuity.
Financial year
means each period of 12 months at the end of which the balance of the accounts of the company is struck; or if no such balance is struck, then each period of 12 months ending with 31st December.
ง
Registrar means the Registrar of Companies under the Companies Ordinance, 1911.
Official Trustee means the Official Trustee appointed under the Trustee Ordinance, 1901.
No. 58 of 1911.
No. 5 of 1901.
PART I.
Conditions to be complied with by life assurance companies.
3.-(1) Every company, wherever established, which shall begin Deposit. to carry on the business of life insurance within the Colony, and [33 & 34 Vict.
* As amended by No. 12 of 1910, No. 50 of 1911, No. 8 of 1912, No. 12 of 1912, No. 13 of 1912, No. 21 of 1912 and No. 23 of 1912.
c. 61 s. 3.]
*
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