Insurance Ordinance

A condition imposed by IARB in relation to the registration of an
                            individual as an individual agent that was in force immediately before
                            the commencement date (except a condition relating to the payment of
                            fees or charges to IARB) is, on the commencement date, taken to be a
                            condition imposed by the Authority in relation to the licence that is
                            regarded as having been granted under
section 64W
to the
                            individual.