Hong Kong Regulations

MERCHANT SHIPPING (LOCAL VESSELS) (COMPULSORY THIRD PARTY RISKS INSURANCE) REGULATION - SECT 7

Amendment of conditions

(1) Where the Director approves a protection and indemnity association as an
insurer for the purposes of the Ordinance, he may, at any time thereafter,
amend or revoke any condition subject to which the approval has been granted
or impose new conditions.

(2) Where the Director amends or revokes any condition or imposes any new
condition, he shall, by registered post addressed to the last known address of
the approved insurer, give written notice of the amendment, revocation or
imposition to the approved insurer and shall include in the notice a statement
setting out the reasons for the amendment, revocation or imposition.

(3) The amendment, revocation or imposition shall take effect on the date of
receipt by the approved insurer of the notice given under subsection (2) or on
such later date, if any, as is specified in the notice.