Insurance Ordinance

(1)
A licensed insurance broker company must, within 6 months after the end of each financial year, provide the Authority with all of the
following—
(a)
a copy of the audited profit and loss account for that year;
(b)
a copy of the audited income and expenditure account for that year;
(c)
a copy of the audited balance sheet as at the end of that year;
(d)
an auditor’s report on the financial statements;
(e)
an auditor’s report stating whether the auditor is of the opinion that the company has continued to comply with rules made under
section 129
that set out the
requirements—
(i)
in relation to the capital and net assets of a licensed insurance broker company;
(ii)
in relation to the professional indemnity insurance taken out by a licensed insurance broker company;
(iii)
in relation to the keeping of separate client accounts by a licensed insurance broker company; and
(iv)
in relation to the keeping of proper books and accounts by a licensed insurance broker company;
(f)
any other information that is prescribed by rules made under
section 129
.
(2)
A licensed insurance broker company which contravenes this section commits an offence and is liable to a fine at level 6, and in the case of a continuing offence, to a further fine of $500 for each day during which the offence continues.