Insurance Ordinance

(1)
Lloyd’s shall appoint a person (not being a body corporate) as its authorized
                representative who shall reside in Hong Kong and be responsible for its overall
                operation in Hong Kong.
(2)
Without limiting the generality of subsection (1), the authorized representative
                shall be responsible
for—
(a)
accepting service of notices on behalf of Lloyd’s and its
                    members;
(b)
servicing Lloyd’s policy holders in Hong Kong with a view to protecting
                    their interests; and
(c)
ensuring compliance by Lloyd’s and its members with the provisions of this
                    Ordinance.
(3)
Sections
                13A (except section 13A(12)) and 13AB apply to Lloyd’s.
(Replaced
12 of 2015 s. 61
)
(4)
A
                reference in those sections to an authorized insurer is a reference to Lloyd’s.
(Replaced
12 of 2015 s. 61
)
(5)
A
                reference in those sections to a controller is a reference to the authorized
                representative.
(Replaced
12 of 2015 s. 61
)
(6)
(Repealed
12 of 2015 s. 61
)
(7)
Where, subsequent to the appointment of an authorized representative, there is
                any change in the representative’s particulars as submitted to the
                Authority
                under this section, Lloyd’s shall, within one month of such change occurring, notify
                in writing the Authority.
(Amended
12 of 2015 s. 2
)
(8)
Where Lloyd’s contravenes subsection (7), it commits an offence and is liable,
                on conviction, to a fine of $200,000 together with a fine of $2,000 for each day on
                which the offence continues.