Insurance Ordinance

(1)
The Authority may, by rules made under
section 129
, prescribe
                requirements in relation to the disclosure by an authorized insurer to the general
                public of information relating to the insurer’s state of affairs, including
                requirements as to the following
matters—
(a)
the information that the insurer must disclose to the general
                    public;
(b)
how and when the information must be disclosed.
(2)
The Authority may, at the written request of an authorized insurer, vary a
                requirement prescribed by virtue of subsection (1) that applies to the
                insurer.
(3)
An authorized insurer must comply
with—
(a)
a requirement prescribed by virtue of subsection (1) that applies to the
                    insurer; or
(b)
if the requirement is varied under subsection (2)—the requirement so
                    varied.
(4)
An authorized insurer that contravenes subsection (3) commits an offence and is
                liable on
conviction—
(a)
to a fine of $200,000; and
(b)
in the case of a continuing offence—to a further fine of $1,000 for each
                    day during which the offence continues.