1964_INSURANCE_COMPANIES_ORDINANCE — Page 7

HK Historical Laws 香港歷史法例 All AI Reviewed

CAP. 41]

Insurance Companies

[1988 Ed.

(a) he opens or maintains an office or agency in Hong Kong for the purpose of carrying on that class of insurance business in or from Hong Kong; or

(b) he holds himself out as carrying on that class of insurance business in or from Hong Kong.

(4) A person shall not be deemed to carry on insurance business in or from Hong Kong by reason only that any person acts as his agent for the purpose of settling claims under contracts of goods in transit insurance entered into wholly outside Hong Kong in respect of goods consigned to Hong Kong.

(5) A person shall not be deemed to be within the meaning of any provision of this Ordinance a person in accordance with whose directions or instructions the directors of a company or other body corporate or any of them are accustomed to act by reason only that the directors of the company or body act on advice given by him in a professional capacity.

Classes of insurance business

3. The classes of insurance business relevant for the purposes of this Ordinance shall be those specified in the First Schedule and the provisions of that Schedule shall have effect accordingly.

Insurance Authority

4. (1) The Governor shall appoint a public officer to be the Insurance Authority for the purposes of this Ordinance.

(2) The Governor may give directions generally or in a particular case with respect to the exercise by the Insurance Authority of any of his functions under this Ordinance, and the Insurance Authority shall comply with any such direction.

5. (1) The Insurance Authority shall keep a register of authorized insurers which shall contain-

(a) the name, place of incorporation and year of first authorization (whether under this Ordinance or any Ordinance repealed or amended by this Ordinance) of every authorized insurer;

(b) in respect of each authorized insurer, the class or classes of insurance business authorized to be carried on by such insurer including any conditions imposed under section 8(1)(a) which impose restrictions on the carrying on of such class or classes of insurance business by that insurer; (Amended 34 of 1988 s. 2(a))

(c) where an authorized insurer ceases to effect contracts of insurance of any description, or any requirement is imposed in respect thereof under section 27, a note to that effect;

(d) where any requirement is imposed on an authorized insurer under section 30, or a provisional liquidator, liquidator or receiver is appointed, a note to that effect; and

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6 CAP. 41] Insurance Companies [1988 Ed. (a) he opens or maintains an office or agency in Hong Kong for the purpose of carrying on that class of insurance business in or from Hong Kong; or (b) he holds himself out as carrying on that class of insurance business in or from Hong Kong. (4) A person shall not be deemed to carry on insurance business in or from Hong Kong by reason only that any person acts as his agent for the purpose of settling claims under contracts of goods in transit insurance entered into wholly outside Hong Kong in respect of goods consigned to Hong Kong. (5) A person shall not be deemed to be within the meaning of any provision of this Ordinance a person in accordance with whose directions or instructions the directors of a company or other body corporate or any of them are accustomed to act by reason only that the directors of the company or body act on advice given by him in a professional capacity. Classes of insurance business 3. The classes of insurance business relevant for the purposes of this Ordinance shall be those specified in the First Schedule and the provisions of that Schedule shall have effect accordingly. Insurance Authority 4. (1) The Governor shall appoint a public officer to be the Insurance Authority for the purposes of this Ordinance. (2) The Governor may give directions generally or in a particular case with respect to the exercise by the Insurance Authority of any of his functions under this Ordinance, and the Insurance Authority shall comply with any such direction. Register of insurers 5. (1) The Insurance Authority shall keep a register of authorized insurers which shall contain- (a) the name, place of incorporation and year of first authorization (whether under this Ordinance or any Ordinance repealed or amended by this Ordinance) of every authorized insurer; (b) in respect of each authorized insurer, the class or classes of insurance business authorized to be carried on by such insurer including any conditions imposed under section 8(1)(a) which impose restrictions on the carrying on of such class or classes of insurance business by that insurer; (Amended 34 of 1988 s. 2(a)) (c) where an authorized insurer ceases to effect contracts of insurance of any description, or any requirement is imposed in respect thereof under section 27, a note to that effect; (d) where any requirement is imposed on an authorized insurer under section 30, or a provisional liquidator, liquidator or receiver is appointed, a note to that effect; and

Baseline (Original)

6 CAP. 41] Insurance Companies [1988 Ed. (a) he opens or maintains an office or agency in Hong Kong for the purpose of carrying on that class of insurance business in or from Hong Kong; or (b) he holds himself out as carrying on that class of insurance business in or from Hong Kong. (4) A person shall not be deemed to carry on insurance business in or from Hong Kong by reason only that any person acts as his agent for the purpose of settling claims under contracts of goods in transit insurance entered into wholly outside Hong Kong in respect of goods consigned to Hong Kong. (5) A person shall not be deemed to be within the meaning of any provision of this Ordinance a person in accordance with whose directions or instructions the directors of a company or other body corporate or any of them are accustomed to act by reason only that the directors of the company or body act on advice given by him in a professional capacity. Classes of insurance business 3. The classes of insurance business relevant for the purposes of this Ordinance shall be those specified in the First Schedule and the provisions of that Schedule shall have effect accordingly. Insurance Authority 4. (1) The Governor shall appoint a public officer to be the Insurance Authority for the purposes of this Ordinance. (2) The Governor may give directions generally or in a particular case with respect to the exercise by the Insurance Authority of any of his functions under this Ordinance, and the Insurance Authority shall comply with any such direction. Register of insurers 5. (1) The Insurance Authority shall keep a register of authorized insurers which shall contain- (a) the name, place of incorporation and year of first authorization (whether under this Ordinance or any Ordinance repealed or amended by this Ordinance) of every authorized insurer; (b) in respect of each authorized insurer, the class or classes of insurance business authorized to be carried on by such insurer including any conditions imposed under section 8(1)(a) which impose restrictions on the carrying on of such class or classes of insurance business by that insurer; (Amended 34 of 1988 s. 2(a)} (c) where an authorized insurer ceases to effect contracts of insurance of any description, or any requirement is imposed in respect thereof under section 27, a note to that effect; (d) where any requirement is imposed on an authorized insurer under section 30, or a provisional liquidator, liquidator or receiver is appointed, a note to that effect; and

2026-05-04 20:56:36 · Baseline

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