Insurance Ordinance

A condition imposed by IARB in relation to the registration of a
                            person as an insurance agency that was in force immediately before the
                            commencement date (except a condition relating to the payment of fees or
                            charges to IARB) is, on the commencement date, taken to be a condition
                            imposed by the Authority in relation to the licence that is regarded as
                            having been granted under
section 64U
to the
                            person.