Full legislation
s.64F
Interpretation of Part X
In this Part— agency agreement ( 代理協議 ) means an agreement entered into between an authorized insurer and a licensed insurance agency or licensed individual insurance agent under which the licensed insurance agency or licensed individual insurance agent is appointed to carry on regulated activities as an agent of the insurer; business record ( 業務紀錄 ), in relation to a licensed insurance intermediary, means a record or document relating to a regulated activity carried on by the intermediary; controller ( 控權人 )— (a) in relation to a sole proprietorship— (i) means an individual who ultimately owns or controls the carrying on of regulated activities by the sole proprietorship; or (ii) if the sole proprietor is acting on behalf of another person, means the other person; (b) in relation to a partnership, means an individual who— (i) is entitled to or controls, directly or indirectly, not less than a 15% share of the capital or profits of the partnership; (ii) is, directly or indirectly, entitled to exercise or control the exercise of not less than 15% of the voting rights in the partnership; or (iii) exercises ultimate control over the management of the partnership; or (c) in relation to a company, means a person who— (i) owns or controls, directly or indirectly, including through a trust or bearer share holding, not less than 15% of the issued share capital of the company; (ii) is, directly or indirectly, entitled to exercise or control the exercise of not less than 15% of the voting rights at general meetings of the company; or (iii) exercises ultimate control over the management of the company; inspector ( 查察員 ) means a person appointed as an inspector under section 64ZZF(6) ; investigator ( 調查員 ) means a person directed or appointed by the Authority under section 64ZZH(1) to investigate any matter; licence ( 牌照 )— (a) in relation to a licensed insurance agency—means an insurance agency licence granted under section 64U or renewed under section 64ZV ; (b) in relation to a licensed individual insurance agent—means an individual insurance agent licence granted under section 64W or renewed under section 64ZV ; (c) in relation to a licensed technical representative (agent)—means a technical representative (agent) licence granted under section 64Y or renewed under section 64ZV ; (d) in relation to a licensed insurance broker company—means an insurance broker company licence granted under section 64ZA or renewed under section 64ZV ; or (e) in relation to a licensed technical representative (broker)—means a technical representative (broker) licence granted under section 64ZC or renewed under section 64ZV ; licensee ( 持牌人 ), in relation to a licence, means the holder of the licence.