CAP. 41]
Insurance Companies
[1988 Ed.
CHAPTER 41
INSURANCE COMPANIES
To regulate the carrying on of insurance business, to provide for the appointment of an Insurance Authority, to confer powers of authorization and intervention on the Insurance Authority in respect of insurers and to require insurers to furnish financial statements and other information to the Insurance Authority; and for matters incidental thereto or connected therewith.
[30 June 1983] L.N. 203/83
Originally 6 of 1983 — 8 of 1985, L.N. 91/85, 74 of 1985, 27 of 1986, 4 of 1987, 41 of 1987, R. Ed. 1987, 34 of 1988, 8 of 1989, L.N. 185 of 1989, 44/90 L.N. 39/1/90
PART I
PRELIMINARY
Short title
1. This Ordinance may be cited as the Insurance Companies Ordinance.
Interpretation
2. (1) In this Ordinance, unless the context otherwise requires-
"annuities on human life" does not include superannuation allowances and annuities payable out of any fund applicable solely to the relief and maintenance of persons engaged or who have been engaged in any particular profession, trade or employment, or of the dependants of such persons;
"authorized", in relation to an insurer, means authorized under section 8, or deemed under section 61(1) or (2) to be so authorized, to carry on insurance business, and "authorization" has the corresponding meaning;
"body corporate" includes a body incorporated outside Hong Kong;
"chief executive" has the meaning assigned to it by section 9(2);
"class", in relation to insurance business, means a class of insurance business which under section 3 is relevant for the purposes of this Ordinance;
"company" has the meaning assigned to it by section 2(1) of the Companies Ordinance (Cap. 32) and includes a company incorporated outside Hong Kong to which Part XI of that Ordinance applies;
"controller" has the meaning assigned to it by section 9;
"director" includes any person occupying the position of director by whatever name called;
"financial year", in relation to a body corporate, has the meaning assigned to it by section 2(1) of the Companies Ordinance;
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CAP. 41]
Insurance Companies
[1988 Ed.
CHAPTER 41
INSURANCE COMPANIES
To regulate the carrying on of insurance business, to provide for the appoint- ment of an Insurance Authority, to confer powers of authorization and intervention on the Insurance Authority in respect of insurers and to require insurers to furnish financial statements and other information to the Insurance Authority; and for matters incidental thereto or connected therewith.
[30 June 1983] L.N. 203/83
Originally 6 of 1983 — 8 of 1985, L.N. 91/85, 74 of 1985, 27 of 1986,4 of 1987, 41 of 1987, R. Ed.
1987, 34 of 1988, 8 of 1989, LIN. 185 of 1989. 44/90 LN39/1/90
PART I
PRELIMINARY
Short title
1. This Ordinance may be cited as the Insurance Companies Ordinance.
Interpretation
2. (1) In this Ordinance, unless the context otherwise requires-
"annuities on human life" does not include superannuation allowances and annuities payable out of any fund applicable solely to the relief and maintenance of persons engaged or who have been engaged in any particular profession, trade or employment, or of the dependants of such persons;
“authorized”, in relation to an insurer, means authorized under section 8, or deemed under section 61(1) or (2) to be so authorized, to carry on insurance business, and "authorization" has the corresponding meaning;
"body corporate" includes a body incorporated outside Hong Kong;
"chief executive" has the meaning assigned to it by section 9(2);
"class", in relation to insurance business, means a class of insurance business
which under section 3 is relevant for the purposes of this Ordinance;
"company" has the meaning assigned to it by section 2(1) of the Companies Ordinance (Cap. 32) and includes a company incorporated outside Hong Kong to which Part XI of that Ordinance applies;
"controller" has the meaning assigned to it by section 9;
"director" includes any person occupying the position of director by whatever
name called;
"financial year", in relation to a body corporate, has the meaning assigned to it
by section 2(1) of the Companies Ordinance;
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