Insurance Ordinance

Where a prescribed person (other than an actuary or former actuary), during the
                discharge
                of his duties in that capacity in respect of the
                authorized
                insurer concerned (including a former insurer), becomes aware of
                any matter (including, in the case of a former auditor or former accountant referred
                to in the definition of
prescribed person
, a matter of which he became
                aware when he was an auditor or accountant, as the case may be, referred to in that
                definition) which in his opinion adversely affects the financial condition of the
                insurer to a material extent, the prescribed person shall, as soon as practicable
                thereafter, send to the
                Authority
                a report in writing of the matter.
(Amended
12 of 2015 s. 71
)