Insurance Ordinance

(1)
The
                Authority
                may rescind a requirement imposed under
section
                    27
,
28
,
29
,
30
,
31
,
32
,
32A
,
33
,
34
or 35(1) if it
                appears to
                the
                Authority that it is no longer necessary for the requirement to
                continue in force, and may from time to time vary any such requirement.
(Amended
51 of 1992 s. 9
;
12 of 2015 s. 2
;
20 of 2023 s. 57
)
(2)
No requirement imposed by virtue of
section 26(4)
shall be varied after the expiration of the relevant period mentioned therein except in a manner which relaxes that requirement.
(3)
A rescission under subsection (1) of a requirement imposed under
section 27
may be limited so as to apply only to contracts of a specified description.
(4)
Notice of the imposition of a requirement under the said
section 27
and of the rescission or variation of any such requirement shall be published by the Authority in the Gazette and in such other ways as appear to the Authority expedient for notifying the public.
(Amended
12 of 2015 s. 2
)