Insurance Ordinance

Where it is proposed to execute
                an
                instrument by which
                an
                authorized insurer
                        (
the
                        transferor
)
                is to transfer to another insurer
                        (
the
                        transferee
)
                all its rights and obligations under such general policies, or general policies of
                such descriptions, as may be specified in the instrument, the transferor may apply
                to the
                Authority
                for
                its
                approval of the transfer.