Hong Kong Regulations

SECURITIES AND FUTURES (INSURANCE) RULES - SECT 2

Interpretation

(1) In these Rules, unless the context otherwise requires-

"dealing in futures contracts" (期貨合約交易) has the meaning assigned
to it by Part 2 of Schedule 5 to the Ordinance;

"dealing in securities" (證券交易) has the meaning assigned to it by Part
2 of Schedule 5 to the Ordinance;

"insurer" (保險人) means a person-

   (a)  carrying on insurance business in or from Hong Kong in compliance with
        section 6(1) of the Insurance Companies Ordinance ( Cap  41); or

   (b)  carrying on insurance business in or from any place outside Hong Kong
        under the law of that place;

"period of insurance" (保險期) means a period covered by a policy of
insurance approved by the Commission under section 5(1) or (2)(a) or (b);

"specified amount" (指明款額) means the insured amount (if any) specified
in Schedule 2 per period of insurance;

"specified credit rating" (指明信貸評級) means any one of the credit
ratings specified in Schedule 3;

"specified licensed corporation" (指明持牌法團) means a corporation to
which these Rules apply by virtue of section 3;

"specified risks" (指明風險) means the risks specified in Schedule 1.

(2) In these Rules, a reference to a deductible amount, in relation to a
policy of insurance, means the amount of any loss or claim that an insured
must himself bear under that policy and the insurer's liability will only
arise when the insured's loss or claim exceeds such amount.

"dealing in futures contracts" (期貨合約交易)

"dealing in securities" (證券交易)

"insurer" (保險人)

"period of insurance" (保險期)

"specified amount" (指明款額)

"specified credit rating" (指明信貸評級)

"specified licensed corporation" (指明持牌法團)

"specified risks" (指明風險)