1964_INSURANCE_COMPANIES_ORDINANCE — Page 2

HK Historical Laws 香港歷史法例 All AI Reviewed

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1988 Ed.]

Insurance Companies

Section

[CAP. 41

CHAPTER 41

INSURANCE COMPANIES ORDINANCE

ARRANGEMENT OF SECTIONS

PART I

PRELIMINARY

Page

Short title

Interpretation

Classes of insurance business.........

Insurance Authority

PART II

AUTHORIZATION

Restriction on carrying on of insurance business

Application for authorization to carry on insurance business..

Authorization.....

Meaning of "controller" in section 8(2)...

10.

Meaning of "relevant amount" in section 8(3)

11.

Appeal against refusal of authorization under section 8(2)

12.

Conditions imposed under section 8 may be revoked

13.

Fee payable upon authorization and annually thereafter.

14.

Notification of change in particulars, and objection to appointment of new director or controller

PART III

ACCOUNTS AND STATEMENTS

15.

Appointment of auditor and actuary..

16.

Keeping and preserving of proper books of account.

17.

Submission of financial information..........

18.

19.

Periodic actuarial investigation of insurer with long term business Statements of transactions of prescribed class or description......

20.

Deposit of accounts etc. with Insurance Authority ....

21.

Documents to be deposited with Registrar of Companies..

PART IV

LONG TERM BUSINESS

22.

Separation of assets and liabilities attributable to long term business.

22A.

Foreign insurers may be authorized to maintain an account in relation to their Hong Kong business...

23.

Application of assets of insurer with long term business

24.

Sanction of High Court for transfer of long term business......

25. Provisions supplementary to section 24............

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1988 Ed.] Insurance Companies Section [CAP. 41 1 CHAPTER 41 INSURANCE COMPANIES ORDINANCE ARRANGEMENT OF SECTIONS PART I PRELIMINARY Page 1. 2. 3. Short title Interpretation Classes of insurance business......... 4 6 4. Insurance Authority 5. Register of insurers........... 6 PART II AUTHORIZATION 6. Restriction on carrying on of insurance business 7 7. Application for authorization to carry on insurance business.. 8. Authorization..... 8 9. Meaning of "controller" in section 8(2)... 9 10. Meaning of "relevant amount" in section 8(3) 10 11. Appeal against refusal of authorization under section 8(2) 12 12. Conditions imposed under section 8 may be revoked 12 13. Fee payable upon authorization and annually thereafter. 12 14. Notification of change in particulars, and objection to appointment of new director or controller 13 PART III ACCOUNTS AND STATEMENTS 14 15. Appointment of auditor and actuary.. 16. Keeping and preserving of proper books of account. 15 16 17. Submission of financial information.......... 18. 19. Periodic actuarial investigation of insurer with long term business Statements of transactions of prescribed class or description...... 16 17 17 20. Deposit of accounts etc. with Insurance Authority .... 21. Documents to be deposited with Registrar of Companies.. 18 PART IV LONG TERM BUSINESS 22. Separation of assets and liabilities attributable to long term business. 18 22A. Foreign insurers may be authorized to maintain an account in relation to their Hong Kong business... 19 23. Application of assets of insurer with long term business 20 24. Sanction of High Court for transfer of long term business...... 20 25. Provisions supplementary to section 24............ 21

Baseline (Original)

1988 Ed.] Insurance Companies Section [CAP. 41 1 CHAPTER 41 INSURANCE COMPANIES ORDINANCE ARRANGEMENT OF SECTIONS PART I PRELIMINARY Page 1. 2. 3. Short title Interpretation Classes of insurance business......... 4 6 4. Insurance Authority 5. Register of insurers........... 6 PART II AUTHORIZATION 6. Restriction on carrying on of insurance business 7 > 7. Application for authorization to carry on insurance business.. 8. Authorization..... 8 9. Meaning of "controller" in section 8(2)... 9 10. Meaning of "relevant amount" in section 8(3) 10 11. Appeal against refusal of authorization under section 8(2) 12 12. Conditions imposed under section 8 may be revoked 12 13. Fee payable upon authorization and annually thereafter. 12 14. Notification of change in particulars, and objection to appointment of new director or controller 13 PART III ACCOUNTS AND STATEMENTS 14 ་་་་་ 15. Appointment of auditor and actuary.. 16. Keeping and preserving of proper books of account. 15 16 17. Submission of financial information.......... 18. 19. Periodic actuarial investigation of insurer with long term business Statements of transactions of prescribed class or description...... 16 17 17 20. Deposit of accounts etc. with Insurance Authority .... 21. Documents to be deposited with Registrar of Companies.. 18 PART IV LONG TERM BUSINESS 22. Separation of assets and liabilities attributable to long term business. 18 22A. Foreign insurers may be authorized to maintain an account in relation to their Hong Kong business... 19 23. Application of assets of insurer with long term business 20 24. Sanction of High Court for transfer of long term business...... 20 25. Provisions supplementary to section 24............ 21

2026-05-04 20:55:59 · Baseline

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