1950_LIFE_INSURANCE_COMPANIES_FORMS — Page 1

HK Historical Laws 香港歷史法例 All AI Reviewed

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CAP. 36]

Life Insurance Companies.

LIFE INSURANCE COMPANIES.

FORMS.

(Cap. 36, sections 10 to 13).

(Ordinance No. 11 of 1907).

For forms prescribed by the Life Insurance Companies Ordinance, see the Schedules to that Ordinance.

G.N. 810/40.

(Cap. 36).

INSURANCE DEPOSIT (LIFE) REGULATIONS.

(Cap. 36, section 32). (Ordinance No. 11 of 1907).

[19th July, 1940.]

1. The value of any securities deposited with the Registrar under section 3 of the Ordinance shall be the market value on the day on which they are so deposited.

2. The company shall prove the market value thereof to the satisfaction of the Registrar and shall pay to the Registrar a fee of twenty-five cents for every hundred dollars of such market value.

3. The company shall before depositing such securities transfer the legal ownership therein to the Registrar.

4. If at any time the Registrar is of opinion that any securities have fallen below their value at the date of deposit he may require the company to make up the difference in value by the deposit of further securities and the fees payable on such further deposit shall be charged at the rate set out in regulation 2.

5. If the company is dissatisfied with any such requirement it may appeal to the Governor in Council who shall thereupon determine whether any further deposit is necessary, and if so to what amount.

214

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CAP. 36] Life Insurance Companies. LIFE INSURANCE COMPANIES. FORMS. (Cap. 36, sections 10 to 13). (Ordinance No. 11 of 1907). For forms prescribed by the Life Insurance Companies Ordinance, see the Schedules to that Ordinance. G.N. 810/40. (Cap. 36). INSURANCE DEPOSIT (LIFE) REGULATIONS. (Cap. 36, section 32). (Ordinance No. 11 of 1907). [19th July, 1940.] 1. The value of any securities deposited with the Registrar under section 3 of the Ordinance shall be the market value on the day on which they are so deposited. 2. The company shall prove the market value thereof to the satisfaction of the Registrar and shall pay to the Registrar a fee of twenty-five cents for every hundred dollars of such market value. 3. The company shall before depositing such securities transfer the legal ownership therein to the Registrar. 4. If at any time the Registrar is of opinion that any securities have fallen below their value at the date of deposit he may require the company to make up the difference in value by the deposit of further securities and the fees payable on such further deposit shall be charged at the rate set out in regulation 2. 5. If the company is dissatisfied with any such requirement it may appeal to the Governor in Council who shall thereupon determine whether any further deposit is necessary, and if so to what amount. 214

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CAP. 36] Life Insurance Companies. LIFE INSURANCE COMPANIES. FORMS. (Cap. 36, sections 10 to 13). (Ordinance No. 11 of 1907). For forms prescribed by the Life Insurance Companies Ordinance, see the Schedules to that Ordinance. G.N. 810/40. (Cap. 36). INSURANCE DEPOSIT (LIFE) REGULATIONS. (Cap. 36, section 32). (Ordinance No. 11 of 1907). [19th July, 1940.] 1. The value of any securities deposited with the Registrar under section 3 of the Ordinance shall be the market value on the day on which they are so deposited. 2. The company shall prove the market value thereof to the satisfaction of the Registrar and shall pay to the Registrar a fee of twenty-five cents for every hundred dollars of such market value. 3. The company shall before depositing such securities transfer the legal ownership therein to the Registrar. 4. If at any time the Registrar is of opinion that any securities have fallen below their value at the date of deposit he may require the company to make up the differ- ence in value by the deposit of further securities and the fees payable on such further deposit shall be charged at the rate set out in regulation 2. 5. If the company is dissatisfied with any such requirement it may appeal to the Governor in Council who shall thereupon determine whether any further deposit is necessary, and if so to what amount. 214

2026-05-03 22:15:52 · Baseline

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CAP. 36]

Life Insurance Companies.

LIFE INSURANCE COMPANIES.

FORMS.

(Cap. 36, sections 10 to 13).

(Ordinance No. 11 of 1907).

For forms prescribed by the Life Insurance Companies Ordinance, see the Schedules to that Ordinance.

G.N. 810/40.

(Cap. 36).

INSURANCE DEPOSIT (LIFE) REGULATIONS.

(Cap. 36, section 32). (Ordinance No. 11 of 1907).

[19th July, 1940.]

1. The value of any securities deposited with the Registrar under section 3 of the Ordinance shall be the market value on the day on which they are so deposited.

The company shall prove the market value thereof to the satisfaction of the Registrar and shall pay to the Registrar a fee of twenty-five cents for every hundred dollars of such market value.

3. The company shall before depositing such securities transfer the legal ownership therein to the Registrar.

If at any time the Registrar is of opinion that any securities have fallen below their value at the date of deposit he may require the company to make up the differ- ence in value by the deposit of further securities and the fees payable on such further deposit shall be charged at the rate set out in regulation 2.

5. If the company is dissatisfied with any such requirement it may appeal to the Governor in Council who shall thereupon determine whether any further deposit is necessary, and if so to what amount.

1950_LIFE_INSURANCE_COMPANIES_FORMS — Page 1

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