Cap. 41activeordinance

Insurance Ordinance

保險業條例

Full legislation

s.(1B)

(1B)

(1B)
A licensed insurance broker company must permit an insurance supervisory authority of a place outside Hong Kong to examine its books, accounts and transactions in Hong Kong
if—
(a)
that
company—
(i)
is incorporated, or has its principal place of business, in that place; or
(ii)
is incorporated in or outside Hong Kong and is a subsidiary or associate of an insurance broker company incorporated, or which has its principal place of business, in that place; and
(b)
that insurance supervisory authority has, subject to subsection (2), the approval of the Authority to carry out such an examination.
(Added
12 of 2015 s. 69
)