Hong Kong Ordinances Hong Kong Ordinances
- CHAPTER 41
TABLE OF PROVISIONS
Long Title
1. Short title
2. Interpretation
3. Classes of insurance business
4. Insurance Authority
4A. Functions of Insurance Authority
5. Register of insurers
6. Restriction on carrying on of insurance business
6A. Contracts of insurance entered into in contravention of section 6(1)
7. Application for authorization to carry on insurance business
8. Authorization
9. Meaning of "controller" (控權人) in section 8(2)
10. Meaning of "relevant amount" (有關數額) in section 8(3)
11. Appeal against refusal of authorization under section 8(2)
12. Conditions imposed under section 8 may be revoked
13. Fee payable upon authorization and annually thereafter
13A. Approval of appointment by authorized insurer of certain controllers
13B. Approval of persons proposing to become certain controllers of
authorized insurer
13C. Restrictions on and sale of shares where there has been a
contravention of section 13B(2)
13D. Punishment for attempted evasion of restrictions
14. Notification of change in particulars, and objection to appointment
of new director or controller
15. Appointment of auditor and actuary
15A. Notification in respect of auditors appointed under section 15
15B. Notification in respect of actuaries appointed under section 15
15C. Standards to be complied with by an actuary
16. Keeping and preserving of proper books of account
17. Submission of financial information
18. Periodic actuarial investigation of insurer with long term business
19. Statements of transactions of prescribed class or description
20. Deposit of accounts etc. with Insurance Authority
21. Documents to be deposited with Registrar of Companies
22. Separation of assets and liabilities attributable to long term
business
22A. Foreign insurers may be authorized to maintain accounts in relation
to their Hong Kong business
23. Application of assets of insurer with long term business
24. Sanction of Court of First Instance for transfer of long term
business
25. Provisions supplementary to section 24
25A. Maintenance of assets in Hong Kong-general business
25B. Direction by Insurance Authority to re-determine liabilities
25C. Letter of credit or other commitment from a bank
25D. Approval of transfer of general business
25E. Effect of approval under section 25D
25F. Lloyd's underwriters
26. Grounds on which powers are exercisable
27. Restrictions on new business
28. Requirements about investments
29. Maintenance of assets in Hong Kong
30. Custody of assets
31. Limitation of premium income
32. Actuarial investigations
33. Acceleration of information required by accounting provisions
34. Power to obtain information and require production of documents
35. Residual power to impose requirements, etc.
35A. Requirement under section 35 to make deposit
35AA. Maintenance of excess of assets over liabilities etc.
35B. Accounts
36. Notice of proposed exercise of power under section 27
37. Notice of proposed exercise of powers on ground of unfitness
38. Rescission, variation and publication of requirements
38A. Effect of direction given under section 35(2)(b)
38B. Powers of Manager
38C. Court of First Instance may approve certain resolutions
38D. Duration of direction given under section 35(2)
38E. Advisors and Managers
39. Power of Financial Secretary to bring civil proceedings on behalf of
insurer
40. Withdrawal of authorization
41. Offences under Part V
42. Circumstances in which insurer deemed to be insolvent
43. Winding up of insurer under Companies Ordinance
44. Winding up on petition of Insurance Authority
45. Winding up of insurer
46. Continuation of long term business of insurer in liquidation
47. Winding up of insurers involved in transfer of business
48. Reduction of contracts as alternative to winding up
49. Winding up rules
49A. Winding up of insurer subject to direction under section 35(2)(b)
49B. Notice of commencement of liquidation, etc. and of appointment of
liquidator, etc.
50. Requirements to be complied with by Lloyd's
50A. Requirement on solvency margin
50B. Fit and proper management
50C. Reporting requirements
50D. Local assets
50E. Insurance intermediaries
50F. Powers of intervention
51. Exempted persons
52. (Repealed 50 of 1992 s. 6)
53. Power of Chief Executive in Council to exempt insurer
53A. Secrecy
53B. Disclosure of information
53C. Examination by external authorities
53D. Communication by prescribed person with Insurance Authority
53E. Prescribed person to send report directly to Insurance Authority in
certain cases
54. Insurance Advisory Committee
55. Service of notices
55A. Immunity
55B. Notification of cessation of place of business in Hong Kong
56. Misleading statements etc. and false information; offences
56A. Restriction on use of the word "insurance" or "assurance"
57. Liability for offences by bodies corporate
58. Limitation of time for proceedings in respect of offences
58A. (Repealed 29 of 1997 s. 9)
59. Regulations
60. Relaxation of regulations under section 59(1)(a)
61. Transitional and savings
62. (Omitted as spent)
63. Further transitional provision
64. (Repealed 35 of 1996 s. 31)
64A. Interpretation (Part IXA)
64B. No contract of insurance to be made without interest
64C. No contract of insurance on lives without inserting the persons'
names, etc.
64D. Recoverable amount
64E. Not to extend to ships, etc.
65. Insurance agents and insurance brokers
66. Registration of appointed insurance agents
67. Code of practice
68. Insurance agent's relationship with insurer
69. Insurance brokers to be authorized
70. Approval of bodies of insurance brokers
71. Insurance broker's client monies
72. Appointment of auditor
73. Audit, etc.
74. Powers of Insurance Authority to require production, etc.
75. Withdrawal of authorization or approval
76. Power to petition to wind up an intermediary
77. Offences
78. Exemptions
SCHEDULE 1
SCHEDULE 2
SCHEDULE 3
SCHEDULE 4
SCHEDULE 5
SCHEDULE 6
SCHEDULE 7
SCHEDULE 8
[ Note: This table has been automatically generated and may be incomplete. ]