Insurance Ordinance

(1)
The Authority must appoint an industry advisory committee to advise it on any matters it refers to the committee in relation to long term business.
(2)
The Authority must also appoint another industry advisory committee to advise it on any matters it refers to the committee in relation to general business.
(3)
The Authority may, after consulting the Financial Secretary, establish additional industry advisory committees to advise it on any matters regarding the performance of any of its functions (other than matters in relation to long term business and general business).
(4)
Each industry advisory committee is constituted in accordance with
Schedule 1C
and must conduct its business in accordance with that Schedule.