### Insurance Ordinance 《保險業條例》

64ZW. Amendment, revocation and imposition of conditions on renewal of licences
(1) On renewing a licence under section 64ZV, the Authority may amend or revoke a condition of the licence previously imposed on the licensee, or impose a new condition on the licensee, that the Authority thinks fit.
(2) If the Authority amends or revokes a condition or imposes a new condition, the Authority must, at the time the licence is renewed, inform the licensee by notice in writing.
(3) The notice must include a statement of reasons for imposing or amending the conditions.
(4) An amendment, revocation or imposition of any condition under subsection (1) takes effect at the time the notice under subsection (2) is served on the licensee or at the time specified in the notice, whichever is the later.

64ZX. Validity of licences for which applications have been made under section 64ZV
(1) A licence for which an application for a renewal is made under section 64ZV and which expires before the determination of the application by the Authority remains in force—
(a) until the licence is renewed; or
(b) if the renewal is refused—until the Authority’s decision to refuse to renew the licence takes effect.
(2) Subsection (1) does not apply if the application for the renewal is withdrawn or the licence is revoked.

64ZY. Validity of licences renewed under section 64ZV
(1) A renewal granted under section 64ZV takes effect on the day following the expiry of the licence.
(2) A licence renewed under section 64ZV is valid for 3 years or, if the Authority considers it appropriate in a particular case, another period determined by the Authority.

64ZZ. Applicants to provide information
(1) A person who applies—
(a) for the approval of the variation of a line of business specified in a licence under section 64S;
(b) for a licence under section 64U, 64W, 64Y, 64ZA or 64ZC;
(c) for the approval of an individual as a responsible officer under section 64ZE or 64ZF; or
(d) for a renewal of a licence under section 64ZV,
must provide the Authority with information that it reasonably requires to enable it to consider the application.
(2) In considering the application, the Authority may have regard to any information in its possession (whether provided by the applicant or not).

### Insurance Ordinance 《保險業條例》

64ZZA. Determination of fit and proper
(1) In determining whether a person is a fit and proper person for the purposes of this Division, the Authority must have regard to the following matters—
(a) the education or other qualifications or experience of the person;
(b) the person’s ability to carry on a regulated activity competently, honestly and fairly;
(c) the reputation, character, reliability and integrity of the person;
(d) the person’s financial status or solvency;
(e) whether any disciplinary action has been taken against the person by—
(i) the Monetary Authority;
(ii) the Securities and Futures Commission;
(iii) the Mandatory Provident Fund Schemes Authority; or
(iv) any other authority or regulatory organization, whether in Hong Kong or elsewhere, which, in the Authority’s opinion, performs a function similar to those of the Authority;
(f) if the person is a company in a group of companies, any information in the possession of the Authority, whether provided by the person or not, relating to—
(i) any other company in the group of companies; or
(ii) any controller or director of the person or of any company referred to in subparagraph (i);
(g) the state of affairs of any other business which the person carries on or proposes to carry on.
(2) In determining whether a person is a fit and proper person for the purposes of section 64U or 64ZA, or section 64ZV for the renewal of a licence granted under section 64U or 64ZA, the Authority must also have regard to any information in its possession whether provided by the person or not relating to—
(a) any other person who is or is to be employed by, or associated with the person for the purposes of carrying on regulated activities;
(b) any other person who is or will be acting for or on behalf of the person in relation to carrying on regulated activities; and
(c) the question as to whether the person has established effective internal control procedures and risk management systems to ensure its compliance with this Ordinance.
(3) The obligations imposed on the Authority under subsection (1) or (2) (or both) are in addition to those of the Authority to have regard to any other matter that the Authority considers relevant in making the determination.

### Insurance Ordinance 《保險業條例》

64ZZC. Form of licence
(1) A licence granted under section 64U, 64W, 64Y, 64ZA, or 64ZC or renewed under section 64ZV must be in a form specified by the Authority and must specify—
(a) the name or names of the licensee and the reference number assigned by the Authority;
(b) the conditions imposed or amended;
(c) the period for which the licence is valid;
(d) one or more of the following lines of business which the licensee may carry on—
(i) general business;
(ii) long term business (excluding linked long term business as referred to in Part 2 of Schedule 1);
(iii) long term business (including linked long term business as referred to in Part 2 of Schedule 1);
(iv) restricted scope travel business; and
(e) any other particulars that are prescribed by rules made under section 129.
(2) A licence granted under section 64U or 64ZA, or the licence renewed under section 64ZV, must also specify the business address of the licensee.
(3) A licence granted under section 64U or 64W, or the licence renewed under section 64ZV, must also specify the name of the authorized insurer by which the licensee is appointed.
(4) A licence granted under section 64Y, or the licence renewed under section 64ZV, must also specify the name of—
(a) the licensed insurance agency by which the licensee is appointed; and
(b) the authorized insurer by which the licensed insurance agency is appointed.
(5) A licence granted under section 64ZC, or the licence renewed under section 64ZV, must also specify the name of the licensed insurance broker company by which the licensee is appointed.
(6) In this section—
restricted scope travel business (有限制旅保業務), in relation to a travel agent that is a licensed insurance agency—(a) means effecting a travel insurance policy that is tied to a tour, travel package, trip or other travel services arranged by the travel agent for its customers; and
(b) does not include effecting an annual travel insurance policy.