Insurance Ordinance

(1)
An authorized insurer (other than an insurer that is exempted under the rules
                made under
section 129(1
)(
cb)
)
must—
(a)
once in every 12 months or at any shorter interval that the Authority
                    requires, cause a review of the valuation of its insurance liabilities (as
                    determined in accordance with the rules made under
section 129
) in
                    respect of its general business to be conducted by the actuary appointed under
section 15AAA(1)
for that business;
(b)
cause the actuary’s report of the review to be made in the specified form;
                    and
(c)
submit the report to the Authority in accordance with the rules made under
section 129
.
(2)
In subsection (1), for an authorized insurer described in
section
                    25AA(3)
or (5), a reference to the insurer’s general business is a
                reference to the insurer’s general business carried on in or from Hong
                Kong.