1950_LIFE_INSURANCE_COMPANIES_ORDINANCE — Page 6

HK Historical Laws 香港歷史法例 All AI Reviewed

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CAP. 36]

[s. 10 cont.]

First and Second Schedules. Statements by company doing other than life business, 33 & 34 Vict. c. 61, s. 6.

Third and Fourth Schedules. Actuarial report and abstract. 33 & 34 Vict. c. 61, s. 7.

Fifth Schedule. Statement of life and annuity business. c. 61, s. 8. Sixth Schedule. Life Insurance Companies.

the close of such year, in the forms respectively contained in the First and Second Schedules.

[12

11. Every company which, concurrently with the granting of policies of insurance or annuities on human life, transacts any other kind of insurance or other business, shall at the expiration of each such financial year as aforesaid prepare statements of its revenue account for such year and of its balance sheet at the close of such year, in the forms respectively contained in the Third and Fourth Schedules.

[13

12. Every company shall, once in every five years if established after the commencement of this Ordinance, and once in every ten years if established before the commencement of this Ordinance, or at such shorter intervals as may be prescribed by the instrument constituting such company or by its regulations or by-laws, cause an investigation to be made into its financial condition by an actuary and shall cause an abstract of the report of such actuary to be made in the form in the Fifth Schedule.

[14

13. (1) Every company shall, within nine months after the date of each such investigation as aforesaid, prepare a 33 & 34 Vict. Statement of its life insurance and annuity business, in the form contained in the Sixth Schedule; each of such statements to be made up as at the date of the last investigation: Provided that, if such investigation be made annually by any company, it may prepare such statement at any time, so that it be made at least once in every three years.

Forms may be altered.

(2) In this section, "date of each such investigation" means the date to which the accounts of each company are made up for the purposes of each such investigation.

[15

14. The Governor in Council may alter the forms in the 33 & 34 Vict. Schedules, for the purpose of adapting them to the circumstances of any company or of better carrying into effect the object of this Part.

c. 61, s. 9.

Statements, etc., to be signed, printed and

[16

15. Every statement or abstract hereinbefore required to be made by a company shall be signed by the principal

- 292

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CAP. 36] [s. 10 cont.] First and Second Schedules. Statements by company doing other than life business, 33 & 34 Vict. c. 61, s. 6. Third and Fourth Schedules. Actuarial report and abstract. 33 & 34 Vict. c. 61, s. 7. Fifth Schedule. Statement of life and annuity business. c. 61, s. 8. Sixth Schedule. Life Insurance Companies. the close of such year, in the forms respectively contained in the First and Second Schedules. [12 11. Every company which, concurrently with the granting of policies of insurance or annuities on human life, transacts any other kind of insurance or other business, shall at the expiration of each such financial year as aforesaid prepare statements of its revenue account for such year and of its balance sheet at the close of such year, in the forms respectively contained in the Third and Fourth Schedules. [13 12. Every company shall, once in every five years if established after the commencement of this Ordinance, and once in every ten years if established before the commencement of this Ordinance, or at such shorter intervals as may be prescribed by the instrument constituting such company or by its regulations or by-laws, cause an investigation to be made into its financial condition by an actuary and shall cause an abstract of the report of such actuary to be made in the form in the Fifth Schedule. [14 13. (1) Every company shall, within nine months after the date of each such investigation as aforesaid, prepare a 33 & 34 Vict. Statement of its life insurance and annuity business, in the form contained in the Sixth Schedule; each of such statements to be made up as at the date of the last investigation: Provided that, if such investigation be made annually by any company, it may prepare such statement at any time, so that it be made at least once in every three years. Forms may be altered. (2) In this section, "date of each such investigation" means the date to which the accounts of each company are made up for the purposes of each such investigation. [15 14. The Governor in Council may alter the forms in the 33 & 34 Vict. Schedules, for the purpose of adapting them to the circumstances of any company or of better carrying into effect the object of this Part. c. 61, s. 9. Statements, etc., to be signed, printed and [16 15. Every statement or abstract hereinbefore required to be made by a company shall be signed by the principal - 292

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CAP. 36] [s. 10 cont.] First and Second Schedules. Statements by company doing other than life business, 33 & 34 Vict. c. 61, s. 6. Third and Fourth Schedules. Actuarial report and abstract. 33 & 34 Vict. c. 61, s. 7. Fifth Schedule. Statement of life and annuity 'business. c. 61, s. 8. Sixth Schedule. Life Insurance Companies. the close of such year, in the forms respectively contained in the First and Second Schedules. [12 11. Every company which, concurrently with the granting of policies of insurance or annuities on human life, transacts any other kind of insurance or other business, shall at the expiration of each such financial year as afore- said prepare statements of its revenue account for such year and of its balance sheet at the close of such year, in the forms respectively contained in the Third and Fourth Schedules. [13 12. Every company shall, once in every five years if established after the commencement of this Ordinance, and once in every ten years if established before the commence- ment of this Ordinance, or at such shorter intervals as may be prescribed by the instrument constituting such company or by its regulations or by-laws, cause an investigation to be made into its financial condition by an actuary and shall cause an abstract of the report of such actuary to be made in the form in the Fifth Schedule. [14 13. (1) Every company shall, within nine months after the date of each such investigation as aforesaid, prepare a 33 & 34 Vict. Statement of its life insurance and annuity business, in the form contained in the Sixth Schedule; each of such state- ments to be made up as at the date of the last investigation: Provided that, if such investigation be made annually by any company, it may prepare such statement at any time, so that it be made at least once in every three years. Forms may be altered. (2) In this section, "date of each such investigation" means the date to which the accounts of each company are made up for the purposes of each such investigation. [15 14. The Governor in Council may alter the forms in the 33 & 34 Vict. Schedules, for the purpose of adapting them to the circum- stances of any company or of better carrying into effect the object of this Part. c. 61, s. 9. Statements, etc., to be signed, printed and [16 15. Every statement or abstract hereinbefore required to be made by a company shall be signed by the principal - 292

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CAP. 36]

[s. 10 cont.]

First and

Second

Schedules.

Statements by company doing other than life business,

33 & 34 Vict. c. 61, s. 6.

Third and Fourth Schedules.

Actuarial

report and

abstract.

33 & 34 Vict.

c. 61, s. 7.

Fifth Schedule.

Statement

of life and annuity

'business.

c. 61, s. 8. Sixth Schedule.

Life Insurance Companies.

the close of such year, in the forms respectively contained in the First and Second Schedules.

[12

11. Every company which, concurrently with the granting of policies of insurance or annuities on human life, transacts any other kind of insurance or other business, shall at the expiration of each such financial year as afore- said prepare statements of its revenue account for such year and of its balance sheet at the close of such year, in the forms respectively contained in the Third and Fourth Schedules.

[13

12. Every company shall, once in every five years if established after the commencement of this Ordinance, and once in every ten years if established before the commence- ment of this Ordinance, or at such shorter intervals as may be prescribed by the instrument constituting such company or by its regulations or by-laws, cause an investigation to be made into its financial condition by an actuary and shall cause an abstract of the report of such actuary to be made in the form in the Fifth Schedule.

[14

13. (1) Every company shall, within nine months after the date of each such investigation as aforesaid, prepare a 33 & 34 Vict. Statement of its life insurance and annuity business, in the form contained in the Sixth Schedule; each of such state- ments to be made up as at the date of the last investigation: Provided that, if such investigation be made annually by any company, it may prepare such statement at any time, so that it be made at least once in every three years.