Cap. 41activeordinance

Insurance Ordinance

保險業條例

Full legislation

s.22A

Non-HK insurer may maintain separate accounts and funds in accordance with section 21B(2) and (3)

(1)
For
                a non-HK insurer that carries on long term
                business,
                the
                Authority
                may, at the request in writing of the insurer,
                permit
                the insurer to comply with
section 21B(2)
and (3), instead of
section 21B(5)
and (6), for the period specified in the permission.
(Amended
20 of 2023 s. 40
)
(2)-(4)
(Repealed
20 of 2023 s. 40
)
(5)
The
                Authority must, as soon as
                practicable after
                giving the permission, publish a notice in the Gazette stating the
                name of the insurer and the fact that
                the permission
                has been given.
(Amended
20 of 2023 s. 40
)