OCCUPATIONAL RETIREMENT SCHEMES (INSURANCE ARRANGEMENT) RULES
- CHAPTER 426E

OCCUPATIONAL RETIREMENT SCHEMES (INSURANCE ARRANGEMENT) RULES - LONG TITLE  
Empowering section VerDate:30/06/1997



(Cap 426 section 73)

[15 October 1993] (L.N. 407 of 1993)

(L.N. 404 of 1993)



OCCUPATIONAL RETIREMENT SCHEMES (INSURANCE ARRANGEMENT) RULES - SECT 1
(Omitted as spent) VerDate:30/06/1997



(Omitted as spent)
(Enacted 1993)



OCCUPATIONAL RETIREMENT SCHEMES (INSURANCE ARRANGEMENT) RULES - SECT 2
Definition VerDate:05/11/1998



In these Rules, unless the context otherwise requires-
"relevant insurer" (有關保險人) means, in relation to an agreement or 
arrangement, the insurer with whom the relevant employer of the relevant 
scheme enters into the agreement or arrangement;  (Amended L.N. 315 of 
1998)
"relevant scheme" (有關計劃) means, in relation to an agreement or 
arrangement, the occupational retirement scheme which is the subject of or 
regulated by the agreement or arrangement.
(Enacted 1993)
"relevant insurer" (有關保險人)
"relevant scheme" (有關計劃)


OCCUPATIONAL RETIREMENT SCHEMES (INSURANCE ARRANGEMENT) RULES - SECT 3
Insurance arrangement VerDate:30/06/1997



For the purposes of the Ordinance, an agreement or arrangement shall not 
be regarded as an insurance arrangement unless-

        (a)	under the terms of the agreement or arrangement the relevant 
insurer has the duty to ensure, on the basis of all relevant scheme 
documents in his possession and all relevant information furnished by the 
relevant employer of the relevant scheme including all such information 
verified by the employer's auditor, that contributions are made by the 
employer in accordance with the terms of the scheme;

        (b)	the terms of the agreement or arrangement provide that the 
relevant insurer shall, in relation to payment of any benefit under the 
terms of the relevant scheme in respect of any member of the scheme, 
comply with the Occupational Retirement Schemes (Payment of Benefits) 
Rules (Cap 426 sub. leg.); and

        (c)	the nature of the business transacted or to be transacted under 
the agreement or arrangement meets the description of the nature of 
business relating to long term business class G, H or I in Part 2 of the 
First Schedule to the Insurance Companies Ordinance (Cap 41).
(Enacted 1993)