Insurance Ordinance

(1)
The Authority may do anything that is necessary for, or incidental or conducive
                to, performing any of its functions.
(2)
Without limiting subsection (1), the Authority
may—
(a)
hold, acquire, lease, sell, charge, dispose of or otherwise deal with all
                    kinds of property, whether movable or immovable;
(b)
enter into, carry out, assign, accept the assignment of, vary or rescind
                    any contract, agreement, memorandum of understanding or other
                    obligation;
(c)
with the approval of the Financial Secretary, borrow money on security or
                    other conditions;
(d)
receive and expend monies;
(e)
accept gifts;
(f)
publish or otherwise make available materials on any matter relating to the
                    performance by the Authority of any of its functions;
(g)
establish wholly-owned subsidiaries;
(h)
invest, in the manner approved by the Financial Secretary, its funds that
                    are not required for immediate use;
(i)
do all things that the Authority thinks fit for its administration and
                    management; and
(j)
exercise other powers that are conferred on the Authority under this
                    Ordinance or any other Ordinance.