Insurance Ordinance

(1)
A person may apply to the Authority for an exemption from any provision of this Part.
(2)
An application for exemption must be accompanied
by—
(a)
a prescribed fee; and
(b)
any information and documents that the Authority reasonably requires to enable it to consider the application.
(3)
The Authority may, on receipt of an application for
exemption—
(a)
approve the application and grant the exemption; or
(b)
reject the application.
(4)
The Authority must give the person a notice in writing of the result of the application.
(5)
In approving an application for exemption, the
Authority—
(a)
may limit the validity of the exemption to a specified period; and
(b)
may impose any conditions that the Authority considers appropriate.
(6)
The Authority may at any time by notice in
writing—
(a)
revoke an exemption; or
(b)
revoke, vary, or add to, any condition subject to which an exemption is granted.
(7)
If a condition imposed under this section in relation to an exemption is
contravened—
(a)
the exemption ceases to have effect; and
(b)
this Part applies to the person to whom the exemption was granted as if the exemption had not been granted.