### Insurance Ordinance 《保險業條例》

13AH. Offence to provide false information in connection with application for approval
(1) A person commits an offence if the person, in connection with an application for the approval under section 13A, 13AC or 13AE—
(a) makes a statement that is false or misleading in a material particular; and
(b) knows that, or is reckless as to whether, the statement is false or misleading in the material particular.
(2) A person commits an offence if the person, in connection with an application for the approval under section 13A, 13AC or 13AE—
(a) omits a material particular from a statement with the result that the statement is rendered false or misleading; and
(b) knows that, or is reckless as to whether, the material particular is omitted from the statement.
(3) A person who commits an offence under subsection (1) or (2) is liable to a fine at level 5 and to imprisonment for 6 months.
(Added 12 of 2015 s. 26)

### Insurance Ordinance 《保險業條例》

15AAB. Procedural requirements for rejecting application under section 15, or imposing or amending conditions under section 15AA
(1) The Authority must not—
(a) reject an application made under section 15(3B) for the approval of the appointment of a person as an actuary of an authorized insurer;
(b) impose a condition under section 15AA(2) or (3) on such an approval; or
(c) amend such a condition under section 15AA(4),
without giving the insurer and the person an opportunity to make representations as to why the application should not be rejected or why the condition should not be imposed or amended.
(2) In this section, a reference to an opportunity to make representations is a reference to an opportunity to make written representations or oral representations.
(Added 12 of 2015 s. 33)

### Insurance Ordinance 《保險業條例》

15AAC. Offence to provide false information in connection with application for approval under section 15
(1) A person commits an offence if the person, in connection with an application for the approval under section 15—
(a) makes a statement that is false or misleading in a material particular; and
(b) knows that, or is reckless as to whether, the statement is false or misleading in the material particular.
(2) A person commits an offence if the person, in connection with an application for the approval under section 15—
(a) omits a material particular from a statement with the result that the statement is rendered false or misleading; and
(b) knows that, or is reckless as to whether, the material particular is omitted from the statement.
(3) A person who commits an offence under subsection (1) or (2) is liable to a fine at level 5 and to imprisonment for 6 months.
(Added 12 of 2015 s. 33)

### Insurance Ordinance 《保險業條例》

16. Keeping and preserving of proper books of account
(1) Without prejudice to the Companies Ordinance (Cap. 622) and the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32), every authorized insurer shall cause to be kept proper books of account which may be kept either in a legible form or in a non-legible form capable of being reproduced in a legible form; but where any such books are kept otherwise than by making entries in a bound book, adequate precautions shall be taken for guarding against falsification and facilitating its discovery. (Amended 28 of 2012 ss. 912 & 920; 12 of 2015 s. 36)
(2) Proper books of account, for the purposes of this section, are books of account which (in themselves or, if kept under subsection (1) otherwise than in a legible form, as reproduced in a legible form) sufficiently exhibit and explain all transactions entered into by the insurer in the course of any business carried on by the insurer.
(3) If any books of account required to be kept by this section are kept by an authorized insurer by recording the matters in question otherwise than in a legible form, any power conferred by this Ordinance to require production of such books or to take copies thereof or extracts therefrom shall be construed as including power to require production of, and to take away, a reproduction of the recording or of the relevant part of it in a legible form. (Amended 12 of 2015 s. 36)
(4) Any books of account required to be kept by this section shall be preserved by the insurer for 7 years from the end of the financial year to which the last entry made or matter recorded therein relates.
(5) The Authority may, by serving a notice in writing on an authorized insurer, require the insurer to provide to the Authority, within the period specified in the notice, any books of account that—
(a) are required to be kept by this section; and
(b) are required by the Authority for performing its functions. (Added 12 of 2015 s. 36)
(6) An authorized insurer served with the notice which, without reasonable excuse, fails to comply with it commits an offence and is liable to a fine at level 5. (Added 12 of 2015 s. 36)

### Insurance Ordinance 《保險業條例》

17. Submission of financial information
(1) Every authorized insurer shall, in accordance with section 20, submit to the Authority accounts, statements and other information as required by Schedule 3, and the information so submitted shall be in accordance with section 8(4). (Amended 25 of 1994 s. 6)
(2) The Authority may, at the request in writing of an authorized insurer, modify or vary any of the requirements of Schedule 3 in relation to that insurer in such respects and for such period as the Authority and the insurer may agree; and during any period when any such modification or variation is in force, the reference in subsection (1) to Schedule 3 shall, as respects that insurer, be construed as a reference to that Schedule as so modified or varied.
(3) Where under subsection (2) the Authority modifies or varies any of the requirements of Schedule 3 in relation to an authorized insurer, the Authority shall, as soon as practicable, publish a notice in the Gazette stating the name of the insurer and the fact that that Schedule has been modified or varied under subsection (2) in relation to that insurer.
(Amended 12 of 2015 ss. 2 & 37)

### Insurance Ordinance 《保險業條例》

18. Periodic actuarial investigation of authorized insurer with long term business
(Amended 12 of 2015 s. 38)(1) An authorized insurer which carries on long term business— (Amended 12 of 2015 s. 38)
(a) shall, once in every 12 months or at such shorter intervals as the Authority may require, cause an investigation to be made into its financial condition in respect of that business including a valuation of its liabilities in respect thereof, by the person who for the time being is its actuary under section 15(1); and (Amended 8 of 1989 s. 4)
(b) when such an investigation has been made, or when at any other time an investigation into the financial condition of the insurer in respect of its long term business has been made with a view to the distribution of profits, or the results of which are made public, shall cause an abstract of the actuary’s report of the investigation to be made in the form specified in Schedule 3 and shall submit such abstract to the Authority in accordance with section 20.
(2) Where under subsection (1) an authorized insurer causes an abstract to be made of the report of an actuary on his investigation into the financial condition of the insurer in respect of its long term business, the insurer shall prepare a statement containing the information specified in Schedule 3 in respect of its long term business at the date to which the accounts of the insurer are made up for the purposes of the investigation and shall submit such statement to the Authority in accordance with section 20. 
(3) For the purposes of any investigation to which this section applies the value of any assets and the amount of any liabilities shall be determined in accordance with section 8(4). (Amended 25 of 1994 s. 7)
(Amended 12 of 2015 ss. 2 & 38)