Insurance Companies Ordinance definition

Insurance Companies Ordinance means Chapter 41 of the Laws of the Hong Kong Special Administrative Region (SAR) as amended from time to time;
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Insurance Companies Ordinance means Chapter 41 of the Laws of Hong Kong as amended from time to time;
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Insurance Companies Ordinance means the Insurance Companies Ordinance (Cap. 41 of the Laws of Hong Kong);
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Examples of Insurance Companies Ordinance in a sentence

  • Member Companies (and their management, directors and controllers) who deliberately breach any aspect of the Circular may no longer satisfy the “fit and proper” requirement under the Insurance Companies Ordinance and may be liable to regulatory action.APPENDIX A: (Investment-Linked Assurance Scheme (“ILAS”) Product Sales Flow (New Application)Investment-Linked Assurance Scheme (“ILAS”) Product Sales Flow (New Application) Step 1：Customer Suitability Assessment Assist the potential customer to complete:1.

  • These rules are the general rules on illegality of contract and the relevant provisions of the Insurance Companies Ordinance (‘ICO’) and of the Marine Insurance Ordinance.

  • An insurer authorized under section 8 of the Insurance Companies Ordinance.

  • Parties to Contract – Apple Asia Limited of Suites 2401-2412, Tower One, Times Square, Causeway Bay, Hong Kong (“Apple”) and (for the purpose of the ADH coverage) AIG Insurance Hong Kong Limited of 46/F, One Island East, 18 Westlands Road, Island East, Hong Kong (as “Insurer”), an insurance company authorized to carry on general insurance business in and from Hong Kong under the Hong Kong Insurance Companies Ordinance and regulated by the Office of the Commissioner of Insurance.

  • You are reminded that such insurers are not subject to the provisions of the Insurance Companies Ordinance (Cap.

  • Hong Kong insurers are required by the Insurance Companies Ordinance to maintain minimum capital as well as an excess of assets over liabilities of not less than a required solvency margin, which is determined on the basis of a statutory formula.

  • Note: 1 The Insurance Companies Ordinance requires all insurers who carry on long term business to appoint a qualified actuary, acceptable to the Insurance Authority.

  • The scheme will be managed by a committee with representatives from the Department of Women's Affairs, the National Council of Women, the Development Bank of Vanuatu, the Port Vila Town Council of Women and various government departments.

  • For the purpose of this Policy the value of any asset will be determined by us in accordance with any applicable "valuation regulations" (as defined in the Insurance Companies Ordinance).

  • We conducted our audit in accordance with Hong Kong Standards on Auditing and with reference to Practice Note 810.2 "The Duties of the Auditor of an Insurer authorized under the Insurance Companies Ordinance" issued by the Hong Kong Institute of Certified Public Accountants.

Related to Insurance Companies Ordinance

  • the Companies Ordinance or “the Ordinance” shall mean the Companies Ordinance (Chapter 32 of the laws of Hong Kong) and any amendments thereto or re-enactment thereof for the time being in force and includes every other ordinance incorporated therewith or substituted therefor and in the case of any such substitution the references in these Articles to the provisions of the Ordinance shall be read as references to the provisions substituted therefor in the new Ordinance;

  • Companies Ordinance means the Companies Ordinance (Chapter 622 of the Laws of Hong Kong);

  • Insurance Ordinance means the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong).

  • Insurance Commissioner means the Insurance Commissioner

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Insurance Authority means the Insurance Authority of Hong Kong established pursuant to section 4AAA of the Insurance Ordinance.

  • Regulated Insurance Company means any Subsidiary of the Borrower, whether now owned or hereafter acquired, that is authorized or admitted to carry on or transact Insurance Business in any jurisdiction and is regulated by any Applicable Insurance Regulatory Authority.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Assessment Ordinance means an ordinance adopted by a local entity under

  • Insurance Regulator means, with respect to any jurisdiction, the Governmental Authority charged with the supervision of insurance companies in such jurisdiction.

  • insurance agent means, subject to subsection (2), any person who for any compensation and through any medium does one or more of the following:

  • Credit unemployment insurance means insurance:

  • Sponsored captive insurance company means a captive insurance company:

  • Commissioner of Police means the person holding or acting in the office of Commissioner of Police under the Police Act 1892;

  • Tax Ordinance means the Israeli Income Tax Ordinance [New Version], 1961, as amended.

  • Bond Ordinance means this ordinance authorizing the issuance of the Bonds.

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • Zoning Ordinance means an ordinance of a unit of local

  • Association captive insurance company means a company that insures risks of the member organizations of the association and their affiliated companies.

  • Insurance Administration means, with respect to each Shared Policy, the accounting for premiums, retrospectively-rated premiums, defense costs, indemnity payments, deductibles and retentions, as appropriate, under the terms and conditions of each of the Shared Policies; and the reporting to excess insurance carriers of any losses or claims which may cause the per-occurrence, per claim or aggregate limits of any Shared Policy to be exceeded, and the distribution of Insurance Proceeds as contemplated by this Agreement.

  • Insurance Affordability Program means a program that is one of the following:

  • Securities and Futures Ordinance means the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong);

  • Board of Commissioners means a county board of commissioners.

  • Title Insurance Company means the company that has or will issue the title policies with respect to a Leased Property, which company shall be reasonably acceptable to the Funding Parties.

  • Commissioner-General means the Commissioner-General appointed under the Zambia Revenue Authority Act;

  • Captive insurance company means any pure captive insurance company, association captive