Insurance Ordinance

(1)
At any time when the Authority is contemplating exercising a power under
section 41P
, it may, if it considers it appropriate to do so in the interests of policy holders or potential policy holders or the public interest, by agreement with the authorized insurer
concerned—
(a)
exercise a power that the Authority may exercise in respect of the insurer under
section 41P
; and
(b)
take an additional action that the Authority considers appropriate in the circumstances of the case.
(2)
If the Authority exercises a power or takes an additional action under subsection (1), it must comply with
section 41Q
as if that section applied to the power or action, unless the insurer agrees otherwise.
(3)
In reaching a decision under this Division, the Authority may have regard to any information or material in its possession which is relevant to the decision, regardless of how the information or material has come into its possession.