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Insurance Ordinance (Cap. 41) Contents Section Page Part I Preliminary 1. Short title 1-2 2. Interpretation 1-2 3. Classes of insurance business 1-36 3A. Regulated activity, material decision and regulated advice 1-36 3B. Designation of non-HK insurer 1-38 1-38 ...
To regulate the carrying on of insurance business; to establish the Insurance Authority (as a body corporate) to regulate the insurance industry for protecting policy holders and potential policy holders and for
Marine insurance defined. (1) A contract of marine insurance is a contract whereby the insurer undertakes to indemnify the assured, in manner and to the extent thereby agreed, against marine losses, that is to say, the losses incident to marine adventure. (2)
Companies (Amendment) Ordinance 1993 (59 of 1993) can be both a contract of the nature specified in class I in Part 2 of this Schedule and a contract of the nature specified in another class (or
For the purposes of rule 3, a designated insurance holding company must only include the eligible group capital resources of its supervised group in the tier 1 group capital or tier 2 group capital of its supervised group. 為施行第(1) 款並在不抵觸第(3)、(4) 及(5) 款及第8條的規定下 ...
2. 釋義. (1) 在本規則中 ——自付額(deductible amount) 就持牌保險經紀公司根據第5條所備存的專業彌償保單而言,指根據該保單條款及條件,該公司作為受保人就該保單承保的任何損失或申索所須自身承擔的款額;保險合約(contract of insurance)包括再保險或轉分保合約;保險 ...
by section 2(1) of the Companies Ordinance (Cap. 622), the accounting standards generally accepted in Hong Kong or in the jurisdiction of the place of incorporation
