Insurance Ordinance

(1)
The Authority must not exercise a power under
section 41P
without
                first giving the authorized insurer in respect of whom the power is to be exercised
                a reasonable opportunity of being heard.
(2)
If the Authority decides to exercise a power under
section 41P
in
                respect of an authorized insurer, the Authority must inform the insurer of its
                decision to do so by notice in writing.
(3)
The notice must
include—
(a)
a statement of the reasons for the decision;
(b)
the time when the decision is to take effect;
(c)
in so far as applicable, the duration and terms of the revocation,
                    suspension or prohibition to be imposed under the decision;
(d)
in so far as applicable, the terms in which the authorized insurer is to be
                    reprimanded under the decision; and
(e)
in so far as applicable, the amount of the pecuniary penalty to be imposed
                    under the decision and the period within which it is required to be
                    paid.
(4)
In
                subsection (1), a reference to an opportunity of being heard is a reference to an
                opportunity to make written representations or oral
                representations.