Insurance Ordinance

(1)
This section applies
if—
(a)
any of the following events (
relevant event
) occurs in
                    relation to an authorized
insurer—
(i)
a designation of the insurer under
section 3B
takes
                        effect;
(ii)
a designation of the insurer under
section 3B
ceases to have
                        effect;
(iii)
a permission given to the insurer under
section 22A
takes
                        effect;
(iv)
a permission given to the insurer under
section 22A
ceases
                        to have effect;
(Amended
14 of 2025 s. 131
)
(v)
the insurer becoming a re-domiciled insurer under
section
                            3BA(1)
; and
(Added
14 of 2025 s. 131
)
(b)
immediately before the occurrence of the relevant event, a person is an
                    actuary appointed by the insurer under
section 15AAA(1
)(
a)
or (b) in
                    compliance with
section 15AAAB(1)
.
(2)
On the occurrence of the relevant event, the person mentioned in subsection
(1
)(
b)
—
(a)
continues to be the authorized insurer’s actuary without the need
for—
(i)
a fresh appointment under
section 15AAA(1)
; or
(ii)
a fresh approval under
section 15AAAB(2)
; and
(b)
is taken to be appointed by the insurer under the relevant
                    provision.
(3)
In subsection (2
)—
relevant provision
(
有關條文
), in relation to an authorized insurer, means
                whichever of the following provisions that becomes applicable to the insurer on the
                occurrence of the relevant event—
(a)
section 15AAA(1
)(
a)
;
(b)
section 15AAA(1
)(
b)
.