Insurance Ordinance

(1)
The classes of insurance business relevant for the purposes of this Ordinance
                shall be those specified in
Schedule
                    1
and the provisions of that
Schedule
shall
                have effect accordingly.
(Amended
59 of 1993 s. 3
)
(2)
If—
(a)
a contract (including a tontine) referred to in
Part 2
or
3
                        of Schedule 1
; or
(b)
a contract belonging to the class of special purpose business,
is not (but for this subsection) a contract of insurance, the contract is,
                for the purposes of this Ordinance, deemed to be a contract of insurance.
(Replaced
17 of 2020 s. 4
)