Cap. 41activeordinance

Insurance Ordinance

保險業條例

Full legislation

s.64ZX

Validity of licences for which applications have been made under section 64ZV

(1)
A licence for which an application for a renewal is made under
section 64ZV
and which expires before the determination of the application by the Authority remains in
force—
(a)
until the licence is renewed; or
(b)
if the renewal is refused—until the Authority’s decision to refuse to renew the licence takes effect.
(2)
Subsection (1) does not apply if the application for the renewal is withdrawn or the licence is revoked.