Insurance Ordinance

Subject to
paragraph 3D
, where a contract effected and carried
                    out on or after the date of commencement of the Insurance Companies (Amendment)
                    Ordinance 1993 (
59 of 1993
) can be both a contract
                    of the nature specified in class I in
Part 2
of this
Schedule
and a contract of the nature specified in another class
                    (or classes) of long term business, the contract shall, for the purposes of this
                    Ordinance, be treated as being only a contract of the nature specified in class
                    I, and the provisions of this Ordinance shall have effect accordingly.
(Added
59 of 1993 s. 17
)