42
CAP. 41]
Insurance Companies
[1988 Ed.
(2) The Advisory Committee shall consist of the chairman referred to in subsection (3), the Insurance Authority (who shall be an ex officio member thereof) and such other persons as the Governor may appoint to be members thereof, and each such appointed member shall hold office for such period as the Governor may determine.
(3) The Financial Secretary or his representative shall be the chairman of the Advisory Committee and shall preside at all meetings thereof.
(4) A member of the Advisory Committee may resign at any time by notice in writing addressed to the chairman,
(5) The Advisory Committee shall meet as often as may be necessary for the consideration of any matter referred to in subsection (1) or as the chairman may, by notice in writing to each member, direct.
(6) The procedure at a meeting of the Advisory Committee shall be such as the chairman may determine.
Service of notices
55. Any notice to be served on any person under this Ordinance may be served by post, and, without prejudice to section 8 of the Interpretation and General Clauses Ordinance (Cap.1), a letter containing that notice shall be deemed to be properly addressed if it is addressed to that person at his last known business address; and for the purposes of this section "business address”
means-
(a) in relation to an insurer formed or established in Hong Kong, its registered office in Hong Kong;
(b) in relation to an insurer formed or established outside Hong Kong, the address of any person resident in Hong Kong who is authorized to accept service of process in Hong Kong on behalf of that insurer;
(c) in relation to a member of Lloyd's, the address in Hong Kong of the authorized representative of Lloyd's appointed under section 50.
Indemnity
55A. No liability shall be incurred by the Crown or any public officer as a result of anything done or omitted to be done by a public officer bona fide in the exercise or purported exercise of any functions conferred or imposed by or under this Ordinance.
Misleading statements etc. and false information; offences
(Added 4 of 1987 s. 3)
56. (1) Any person who, by any statement, promise or representation which he knows to be false, misleading or deceptive, or by any dishonest concealment of material facts, or by the reckless making (dishonest or otherwise) of any statement, promise or representation which is false, misleading or deceptive, induces or attempts to induce another person to enter into or offer to enter into any contract of insurance commits an offence and is liable to a fine of $50,000 and imprisonment for 12 months.
42
CAP. 41]
Insurance Companies
[1988 Ed.
(2) The Advisory Committee shall consist of the chairman referred to in subsection (3), the Insurance Authority (who shall be an ex officio member thereof) and such other persons as the Governor may appoint to be members thereof, and each such appointed member shall hold office for such period as the Governor may determine.
(3) The Financial Secretary or his representative shall be the chairman of the Advisory Committee and shall preside at all meetings thereof.
(4) A member of the Advisory Committee may resign at any time by notice in writing addressed to the chairman,
(5) The Advisory Committee shall meet as often as may be necessary for the consideration of any matter referred to in subsection (1) or as the chairman may, by notice in writing to each member, direct.
(6) The procedure at a meeting of the Advisory Committee shall be such as the chairman may determine.
Service of notices
55. Any notice to be served on any person under this Ordinance may be served by post, and, without prejudice to section 8 of the Interpretation and General Clauses Ordinance (Cap. 1), a letter containing that notice shall be deemed to be properly addressed if it is addressed to that person at his last known business address; and for the purposes of this section "business address”
means-
(a) in relation to an insurer formed or established in Hong Kong, its
registered office in Hong Kong;
(b) in relation to an insurer formed or established outside Hong Kong, the address of any person resident in Hong Kong who is authorized to accept service of process in Hong Kong on behalf of that insurer; (c) in relation to a member of Lloyd's, the address in Hong Kong of the authorized representative of Lloyd's appointed under section 50.
Indemnity
55A. No liability shall be incurred by the Crown or any public officer as a result of anything done or omitted to be done by a public officer bona fide in the exercise or purported exercise of any functions conferred or imposed by or under this Ordinance.
Misleading statements etc. and false information; offences
( Added 4 of 1987 s. 3)
56. (1) Any person who, by any statement, promise or representation which he knows to be false, misleading or deceptive, or by any dishonest concealment of material facts, or by the reckless making (dishonest or other- wise) of any statement, promise or representation which is false, misleading or deceptive, induces or attempts to induce another person to enter into or offer to enter into any contract of insurance commits an offence and is liable to a fine of $50,000 and imprisonment for 12 months.
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