CC
LIFE INSURANCE COMPANIES. No. 11 of 1907.
(d) "Life insurance company", (hereinafter referred to as "company") except where otherwise stated, shall include any person whatsoever or any association, corporate or unincorporate, not 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.
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(e) "Official Trustee" means the Official Trustee appointed under the Trustees Ordinance, 1901.
(f) "Policy" includes a contract for a policy for securing a life insurance, endowment, or annuity.
(g) "Policy holder" means the legal holder of a policy for securing the life insurance, endowment, annuity or other contract with the company.
No. 5 of 1901.
(h) "Registrar" means the Registrar of Companies under the Companies Ordinance, 1911.
No. 58 of 1911.
PART I.
c. 61, s. 3.
Conditions to be complied with by life insurance companies.
3.-(1) Every company, wherever established, which shall begin to carry on the business of life insurance within the Colony, and every company registered in Hongkong which shall begin to carry on the business of life insurance in China, shall deposit with the Registrar securities to be approved by the Governor in Council to the value of 50,000 dollars.
(2) Every company, wherever established, which before the passing of this Ordinance carried on the business of life insurance in Hongkong, if it continues to carry on such business in Hongkong, and every company registered in Hongkong which before the passing of this Ordinance had carried on the business of life insurance in China, if it intends to carry on such business in the Colony or in China, shall deposit, within six months from the commencement of
CC
LIFE INSURANCE COMPANIES. No. 11 of 1907.
(d) "Life insurance company ", (hereinafter referred to as company") except where otherwise stated, shall include any person whatsoever or any association, corporate or unincorporate, not 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.
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(e) "Official Trustee " means the Official Trustee appointed Ordinance under the Trustees Ordinance, 1901.
(f) "Policy" includes a contract for a policy for securing
a life insurance, endowinent, or annuity.
(g) "Policy holder" means the legal holder of a policy for securing the life insurance, endowment, annuity or other contract with the company.
No. 5 of 1901.
(h)"Registrar" means the Registrar of Companies under Ordinance the Companies Ordinance, 1911.
No. 58 of 1911.
PART I.
c. 61, s. 3.
Conditions to be complied with by life insurance companies.
3.-(1) Every company, wherever established, which shall Deposit. begin to carry on the business of life insurance within the 33 & 34 Vict. Colony, and every company registered in Hongkong which shall begin to carry on the business of life insurance in China, shall deposit with the Registrar securities to be approved by the Governor in Council to the value of 50,000 dollars.
before con-
(2) Every company, wherever established, which before Existing the passing of this Ordinance carried on the business companies, of life insurance in Hongkong, if it continues to carry on tinuing busi- such business in Hongkong, and every company registered ness, must
deposit, etc. in Hongkong which before the passing of this Ordinance had carried on the business of life insurance in China, if it intends to carry on such business in the Colony or in China, shall deposit, within six months from the commencement of
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