Insurance Ordinance

(1)
The Authority may require an authorized insurer to take all such steps as are requisite to secure that the aggregate of the
premiums—
(Amended
12 of 2015 s. 2
)
(a)
to be received by the insurer in consideration of the undertaking by it during a specified period of liabilities in the course of carrying on general business or any specified part of such business; or
(b)
to be received by it in a specified period in consideration of the undertaking by the insurer during that period of liabilities in the course of carrying on long term business or any specified part of such business,
shall not exceed a specified amount.
(2)
A requirement under this section may apply either to the aggregate premiums to be received as mentioned in subsection (1) or to the aggregate of those premiums after deducting any premiums payable by the insurer for reinsuring the liabilities in consideration of which the first-mentioned premiums are receivable.