Insurance Ordinance definition

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

Insurance Ordinance means the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong)."Insured Person"shall mean any person whose risks are covered by these Terms and Benefits, and named as the "Insured Person" in the Policy Schedule."Intensive Care Unit"shall mean that part or unit of a Hospital established for and devoted to providing intensive medical and nursing care for Inpatients."Lifetime Benefit Limit"shall mean the maximum amount of benefits paid by the Company to the Policy Holder cumulatively since the inception of these Terms and Benefits, irrespective whether any limits of any benefit items stated in the Benefit Schedule have been reached or whether the Annual Benefit Limit in a Policy Year has been reached."Medical Services"shall mean Medically Necessary services, including, as the context requires, Confinement, treatments, procedures, tests, examinations or other related services for the investigation or treatment of a Disability."Medically Necessary"shall mean the need to have medical service for the purpose of investigating or treating the relevant Disability in accordance with the generally accepted standards of medical practice and such medical service must – (a)require the expertise of, or be referred, by a Registered Medical Practitioner; (b)be consistent with the diagnosis and necessary for the investigation and treatment of the Disability; (c)be rendered in accordance with standards of good and prudent medical practice, and not be rendered primarily for the convenience or the comfort of the Insured Person, his family, caretaker or the attending Registered Medical Practitioner; (d)be rendered in the setting that is most appropriate in the circumstances and in accordance with the generally accepted standards of medical practice for the medical services; and (e)be furnished at the most appropriate level which, in the prudent professional judgment of the attending Registered Medical Practitioner, can be safely and effectively provided to the Insured Person. For the purpose of these Terms and Benefits, without prejudice to the generality of the foregoing, circumstances where a Confinement is considered Medically Necessaryinclude, but not limited to -

Insurance Ordinance means the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong). "Insured Person" shall mean any person whose risks are covered by these Terms and Benefits,

Examples of Insurance Ordinance in a sentence

• The Insurance Ombudsman shall have all the powers and shall follow the procedures as required under PART XVI of the Insurance Ordinance, 2000.

• ICB is licensed to operate as a property and casualty insurance company in The Bahamas and the Turks & Caicos Islands under the Insurance Act 2005, as amended, and the Insurance Ordinance, 1989, amended December 2015, respectively.

• It is supported by legislation which is contained in Part X of the Insurance Ordinance (Cap.

• The Insurance Ordinance prohibits any person from acting as an ‘insurance broker’ unless he has become an ‘authorised insurance broker’ in accordance with the relevant provisions of the Insurance Ordinance.

• The Insurance Ordinance prohibits any person from acting as an ‘insurance agent’ unless he has become an ‘appointed insurance agent’ in accordance with the relevant provisions of the Insurance Ordinance.

• Some of the major provisions of the Insurance Ordinance concerning the regulation of insurance companies are outlined below.

• These rules are the general rules on illegality of contract and the relevant provisions of the Insurance Ordinance and of the Marine Insurance Ordinance.

• The Insurance Ordinance prohibits any person from being an appointed insurance agent and an authorised insurance broker at the same time, whether in relation to the same or different clients.

• The Code is in seven Parts (A - G) and was issued by the HKFI with the approval of the Insurance Authority (‘IA’) in accordance with the provisions of the Insurance Ordinance.

• Any unresolved complaint or dispute between a Participant and the Pension Fund Manager under the VPS Rules, it shall be referred to the Insurance Ombudsman appointed under Section 125 of the Insurance Ordinance, 2000.

More Definitions of Insurance Ordinance

Insurance Ordinance means the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong). "Insured Person" shall mean any person whose risks are covered by these Terms and Benefits, and named as the "Insured Person" in the Policy Schedule. "Intensive Care Unit" shall mean that part or unit of a Hospital established for and devoted to providing intensive medical and nursing care for Inpatients. "Lifetime Benefit Limit" shall mean the maximum amount of benefits paid by the Company to the Policy Holder cumulatively since the inception of these Terms and Benefits, irrespective whether any limits of any benefit items stated in the Benefit Schedule have been reached or whether the Annual Benefit Limit in a Policy Year has been reached. "Medical Services" shall mean Medically Necessary services, including, as the context requires, Confinement, treatments, procedures, tests, examinations or other related services for the investigation or treatment of a Disability. "Medically Necessary" shall mean the need to have medical service for the purpose of investigating or treating the relevant Disability in accordance with the generally accepted standards of medical practice and such medical service must –

Insurance Ordinance means the Insurance Ordinance (Chapter 41 of the Laws of Hong Kong);

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

Insurance Ordinance. ’ means Insurance Ordinance (Chapter 41 of the Laws of