Cap. 41activeordinance

Insurance Ordinance

保險業條例

Full legislation

s.(4B)

(4B)

(4B)
If—
(a)
the person is appointed by more than one authorized insurer as an agent to engage in a particular line of business;
(b)
those dealings relate to that line of business; and
(c)
an act of the person in relation to those dealings is not within the scope of the person’s authority in relation to any of those insurers,
all of those insurers are jointly and severally liable for the act of the person in relation to those dealings.
(Added
12 of 2015 s. 76
)