Insurance Ordinance

(1)
The Authority must
not—
(a)
reject an application made under
section
                        15AAAB(2
)(
a)
for the approval of the appointment of a person as an actuary of an authorized insurer;
(Amended
20 of 2023 s. 26
)
(b)
impose a condition under
section 15AA(2)
or (3) on such an
                    approval; or
(c)
amend such a condition under
section 15AA(4)
,
without giving the insurer and the person an opportunity to make
                representations as to why the application should not be rejected or why the
                condition should not be imposed or amended.
(2)
In this section, a reference to an opportunity to make representations is a
                reference to an opportunity to make written representations or oral
                representations.