Insurance Ordinance

(1)
Despite
section 64G
, an authorized insurer is not required to be a
                licensed insurance intermediary in order
to—
(a)
carry on any regulated activity; or
(b)
hold out that it is carrying on any regulated activity.
(Replaced
12 of 2015 s. 86
)
(2)
The exemption given under subsection (1) extends only to an authorized insurer
                and
                does not extend to its agent.
(Amended
12 of 2015 s. 86
)
(3)
If a person holds out in Hong
Kong—
(a)
to carry on regulated activities specified in
section 1(a) of Part 1
                        of Schedule 1A
as an agent of a policy holder or potential policy
                    holder for contracts of reinsurance only; or
(b)
to carry on regulated activities specified in
section 1(b)
, (c)
                    and (d) of
Part 1 of Schedule 1A
for contracts of reinsurance
                    only,
the person is not required to be a licensed insurance broker.
(Replaced
12 of 2015 s. 86
)
(3A)
Subsection (3) does not apply to any of the
following—
(a)
a body
                    corporate
                    that is incorporated in Hong Kong or is a re-domiciled
                    company;
(b)
a body corporate
                    incorporated
                    outside Hong Kong (other than a re-domiciled company) that
                    has
                    a place of business in Hong Kong or is represented in Hong Kong by an
                    agent;
(c)
any other person or a partnership having a place of business in Hong Kong.
(Added
12 of 2015 s. 86
. Amended
14 of 2025 s. 139
)
(4)-(5)
(Repealed
12 of 2015 s. 86
)