Insurance Ordinance

(1)
Where any authorization is granted subject to conditions imposed under
section
                8(1
)(
a)
or
8A(1
)(
a)
,
                the
                Authority may, by serving a notice in writing on the authorized insurer concerned,
                amend or revoke a condition or impose a new condition that is reasonable in the
                circumstances.
(Amended
12 of 2015 s. 22
;
17 of 2020 s. 10
)
(2)
Any condition referred to in subsection (1) which was in effect immediately
                before the commencement of the Insurance Companies (Amendment) Ordinance 1988 (
34 of 1988
) shall continue to have effect until it is
                revoked under that subsection.
(3)
If a condition referred to in subsection (1) is amended or revoked or a new
                condition is imposed, the Authority may direct that the register kept under
section 5H
be amended accordingly.
(Replaced
12 of 2015 s. 22
)