Insurance Ordinance

(1)
This section applies if a prescribed person, when discharging the person’s
                duties in that capacity in relation to the supervised group of a specified company,
                becomes aware
of—
(a)
a matter that, in the person’s opinion, adversely affects the financial
                    condition of the group to a material extent; or
(b)
evidence of a failure by the company to comply with a specified
                    requirement.
(2)
The prescribed person must, as soon as practicable after becoming aware of the
                matter or evidence, send to the Authority a written report of the matter or
                failure.
(3)
In subsection (1), a reference to a matter or evidence includes a matter or
                evidence of which the prescribed person became aware when the person was a
                prescribed person in relation to the supervised group of the specified
                company.
(4)
In this
section—
prescribed person
(
訂明人士
) means a person who falls within paragraph (d) or (e) of the
                definition of
prescribed person
in
section 2(1)
;
specified company
(
指明公司
) means—
(a)
a designated insurance holding company; or
(b)
a former designated insurance holding company;
specified requirement
(
指明規定
), in relation to a specified company, means—
(a)
section 95H(1)
;
(b)
section 95ZI(3)
or (5);
(c)
section 95ZJ(1)
; or
(d)
a requirement imposed by the Authority under
section 95ZO
,
95ZP
,
95ZQ
or
95ZR
on the
                        company.