Cap. 41activeordinance

Insurance Ordinance

保險業條例

Full legislation

s.11

Notification of refusal of authorization under section 8 or 8A

(1)
Where the
                Authority
                refuses to authorize a company under
section 8
on the ground (or, if more
                than one, on grounds which include the ground) that any person as mentioned in
                subsection (2) of that section is not a fit and proper person to hold the position
                held by him, the
                Authority
                shall notify the company in writing of that fact and the name of the person whose
                fitness is in question.
(Amended
12 of 2015 s. 2
)
(2)
Where notice of a refusal is given to a company under subsection (1), a copy
                thereof shall at the same time be sent by registered post to the person whose
                fitness is in question.
(Amended
41 of 1987 s. 3
;
12 of 2015 s. 21
)
(3)
Where the
                Authority
                refuses to authorize a
                company under
section
8(1
)(
b
)(
ii)
or
8A(1
)(
b
)(
ii)
, the Authority must notify the company
                in writing of that refusal.
(Added
41 of 1987 s. 3.
Amended
12 of 2015 s. 2
;
17 of 2020 s. 9
)
(4)
(Repealed
12 of 2015 s. 21
)