### Insurance Ordinance 《保險業條例》

53F. Prescribed person to send report directly to Authority in certain cases relating to licensed insurance broker companies, etc.
(1) This section applies if—
(a) a prescribed person who is an auditor of a specified broker becomes aware of evidence of a failure by the specified broker to comply with the specified rules when the person discharges duties in the capacity as an auditor of the specified broker; or
(b) a prescribed person who is a former auditor of a specified broker becomes aware of evidence of a failure by the specified broker to comply with the specified rules when the person discharged duties in the capacity as a former auditor of the specified broker.
(2) The prescribed person must, as soon as practicable after becoming aware of the evidence, send to the Authority a report in writing of the failure.
(3) In subsection (1)(b), a reference to evidence includes evidence of which the prescribed person became aware when the person was an auditor of the specified broker.
(4) In this section—
specified broker (指明經紀) means—(a) a licensed insurance broker company;
(b) a former licensed insurance broker company; or
(c) a person who was formerly an authorized insurance broker within the meaning of the pre-amended Ordinance;

specified rules (指明規則)—(a) in relation to a licensed insurance broker company or a former licensed insurance broker company, means rules made under section 129 that set out the requirements—
(i) in relation to the capital and net assets of a licensed insurance broker company;
(ii) in relation to the professional indemnity insurance taken out by a licensed insurance broker company;
(iii) in relation to the keeping of separate client accounts by a licensed insurance broker company; and
(iv) in relation to the keeping of proper books and accounts by a licensed insurance broker company;
(b) in relation to a person who was formerly an authorized insurance broker within the meaning of the pre-amended Ordinance, means the minimum requirements specified by the former authority under the pre-amended Ordinance—
(i) in relation to the capital and net assets of an authorized insurance broker;
(ii) in relation to the professional indemnity insurance taken out by an authorized insurance broker;
(iii) in relation to the keeping of separate client accounts by an authorized insurance broker; and
(iv) in relation to the keeping of proper books and accounts by an authorized insurance broker.

(Added 12 of 2015 s. 72)

### Insurance Ordinance 《保險業條例》

53G. Prescribed person to send report directly to Authority in certain cases relating to designated insurance holding companies
(1) This section applies if a prescribed person, when discharging the person’s duties in that capacity in relation to the supervised group of a specified company, becomes aware of—
(a) a matter that, in the person’s opinion, adversely affects the financial condition of the group to a material extent; or
(b) evidence of a failure by the company to comply with a specified requirement.
(2) The prescribed person must, as soon as practicable after becoming aware of the matter or evidence, send to the Authority a written report of the matter or failure.
(3) In subsection (1), a reference to a matter or evidence includes a matter or evidence of which the prescribed person became aware when the person was a prescribed person in relation to the supervised group of the specified company.
(4) In this section—
prescribed person (訂明人士) means a person who falls within paragraph (d) or (e) of the definition of prescribed person

64A. Interpretation (Part IXA)
(1) In this Part—
guardian (監護人) means a guardian appointed under or acting by virtue of the Guardianship of Minors Ordinance (Cap. 13);
parent (父母), in relation to a minor, means father or mother.
(2) For the purpose of this Part, a parent of a minor, or a guardian of a ward under 18 years of age, shall be deemed to have an interest in the life of the minor or the ward, as the case may be.

64B. No contract of insurance to be made without interest
(1) No contract of insurance shall be entered into on the life of any person or on any other event—
(a) if the person for whose use or benefit or on whose account the contract is to be entered into has no interest; or
(b) by way of gaming or wagering.
(2) A contract of insurance entered into in contravention of subsection (1) is void by reason of that contravention.

### Insurance Ordinance 《保險業條例》

64C. No contract of insurance on lives without inserting the persons’ names, etc.
(1) Subject to subsections (3) and (4), no contract of insurance shall be entered into on the life of any person or other event without inserting in the contract the name of the person—
(a) interested in the life or event; or
(b) for whose use or benefit or on whose account the contract is entered into.
(2) A contract of insurance entered into in contravention of subsection (1) is void by reason of that contravention.
(3) Subsections (1) and (2) shall not invalidate a contract of insurance for the benefit of unnamed persons from time to time falling within a specified class or description if the class or description is stated in the contract with sufficient particularity to make it possible to establish the identity of all persons who at any given time are entitled to benefit under the contract.
(4) Subsection (3) applies to contracts of insurance effected before the commencement of the Insurance Companies (Amendment) Ordinance 1985 (8 of 1985) as well as to contracts of insurance effected thereafter.

64D. Recoverable amount
Where the insured under a contract of insurance has an interest in a life or event, no greater sum shall be recovered from the insurer under the contract than the amount of value of the interest of the insured in that life or event.

64E. Not to extend to ships, etc.
It is hereby declared that the provisions of this Part shall not extend, or be construed to extend, to contracts of insurance bona fide made by any person on ships, goods or merchandise.