Insurance Ordinance

(4C)
Despite subsections (2), (3), (4), (4A) and (4B) and subject to subsection (4D), an authorized insurer is not liable for the act of the person
if—
(a)
the act is not within the scope of the person’s authority in relation to that insurer;
(b)
the person disclosed that the fact to the client before the client relied on the act; and
(c)
the clarity and prominence of the disclosure was what a person would reasonably require for deciding whether to enter into any dealing referred to in subsection
(1
)(
b)
.
(Added
12 of 2015 s. 76
)