Insurance Ordinance

(1)
The Authority may require an authorized
insurer—
(Amended
12 of 2015 s. 2
)
(a)
not to make investments of a specified class or description;
(b)
to realize, before the expiration of a specified period (or such longer period as the Authority may allow), the whole or a specified proportion of investments of a specified class or description held by the insurer when the requirement is imposed.
(Amended
12 of 2015 s. 2
)
(2)
A requirement under this section may be framed so as to apply only to
                investments which are (or, if made, would be) assets representing a
                fund or
                sub-fund maintained by the insurer
                under
section 21B
or
25AA
or so as to apply
                only to other investments.
(Amended
59 of 1993 s. 11
;
20 of 2023 s. 49
)