Insurance Ordinance

(1)
An authorized insurer ordered to pay a pecuniary penalty under
section 41P
must pay the penalty to the Authority within 30 days, or a longer period that the Authority specifies by notice under
section 41Q(3
)(
e)
, after the order has taken effect.
(2)
The Court of First Instance may, on an application of the Authority, register an order to pay a pecuniary penalty made under
section 41P
in the Court.
(3)
On registration, the order is to be regarded as an order of the Court of First Instance made within the civil jurisdiction of the Court for the payment of money.
(4)
For making an application under subsection (2), the Authority must produce to the Registrar of the High Court a notice in writing requesting that the order be registered, together with the original and a copy of the order.
(5)
A pecuniary penalty paid to or recovered by the Authority under an order made under
section 41P
must be paid by the Authority into the general revenue.