Insurance Ordinance

(1)
The Authority may require an authorized
insurer—
(Amended
12 of 2015 s. 2
)
(a)
not to effect any contracts of insurance or contracts of insurance of a specified description;
(b)
not to vary any contracts of insurance of a specified description, being contracts effected in the course of carrying on insurance business and in force when the requirement is imposed.
(2)
A requirement under this section may apply to contracts of insurance whether or not the effecting of them falls within a class of insurance business which the insurer is for the time being authorized to carry on.