### Insurance Ordinance 《保險業條例》

64ZG. Authority may impose conditions on granting licence or approval
(1) This section applies if the Authority—
(a) grants an insurance agency licence under section 64U;
(b) grants an individual insurance agent licence under section 64W;
(c) grants a technical representative (agent) licence under section 64Y;
(d) grants an insurance broker company licence under section 64ZA;
(e) grants a technical representative (broker) licence under section 64ZC;
(f) approves an individual as a responsible officer of a licensed insurance agency under section 64ZE; or
(g) approves an individual as a responsible officer of a licensed insurance broker company under section 64ZF.
(2) The Authority may impose any conditions that it considers appropriate on the licence or approval when granting the licence or approval.
(3) The Authority may also impose any conditions that it considers appropriate on the licence or approval after the Authority has granted the licence or approval.
(4) The Authority may amend or revoke any conditions imposed under subsection (2) or (3).
(5) The power under subsection (2), (3) or (4) is only exercisable by notice in writing served on—
(a) in relation to subsection (1)(a), (b), (c), (d) or (e)—the licensee; or
(b) in relation to subsection (1)(f) or (g)—the licensee and the individual.
(6) A notice under subsection (5) must, in the case of a conditions being imposed or amended, include a statement of reasons for imposing or amending the conditions.
(7) An imposition, amendment or revocation of any conditions under subsection (2), (3) or (4) takes effect at the time the notice under subsection (5) is served or at the time specified in the notice, whichever is the later.

64ZH. Licensed insurance agency no longer appointed by authorized insurer
If a licensed insurance agency ceases to be appointed as an agent by at least one authorized insurer—
(a) the licence of the licensed insurance agency is suspended on and from the date on which the cessation takes effect; and
(b) where the cessation continues for 180 days after that date—the licence of the licensed insurance agency is revoked on the expiry of those days.

64ZI. Licensed individual insurance agent no longer appointed by authorized insurer
If a licensed individual insurance agent ceases to be appointed as an agent by at least one authorized insurer—
(a) the licence of the licensed individual insurance agent is suspended on and from the date on which the cessation takes effect; and
(b) where the cessation continues for 180 days after that date—the licence of the licensed individual insurance agent is revoked on the expiry of those days.

### Insurance Ordinance 《保險業條例》

64ZJ. Revocation and suspension of technical representative (agent) licence
(1) If a licensed technical representative (agent) ceases to be appointed as an agent by a licensed insurance agency, the licence of the licensed technical representative (agent) is suspended on and from the date on which the cessation takes effect.
(2) If the licence of the licensed insurance agency by which a licensed technical representative (agent) is appointed is suspended under section 64ZH(a) or 64ZN(1), the licence of the licensed technical representative (agent) is suspended on and from the date on which the licence of the licensed insurance agency is suspended.
(3) If the licence of a licensed technical representative (agent) is suspended continuously for 180 days under this section, the licence is revoked on the expiry of those days.

64ZK. Revocation and suspension of technical representative (broker) licence
(1) If a licensed technical representative (broker) ceases to be appointed as an agent by at least one licensed insurance broker company, the licence of the licensed technical representative (broker) is suspended on and from the date on which the cessation takes effect.
(2) If—
(a) a licensed technical representative (broker) is appointed by 1 licensed insurance broker company only; and
(b) the licence of the licensed insurance broker company by which the licensed technical representative (broker) is appointed is suspended under section 64ZO(1),
the licence of the licensed technical representative (broker) is suspended on and from the date on which the licence of the licensed insurance broker company is suspended.
(3) If—
(a) a licensed technical representative (broker) is appointed by more than one licensed insurance broker company; and
(b) the licences of all the licensed insurance broker companies by which the licensed technical representative (broker) is appointed are suspended under section 64ZO(1),
the licence of the licensed technical representative (broker) is suspended on and from the date on which the licence of the last of those licensed insurance broker companies is suspended.
(4) If the licence of a licensed technical representative (broker) is suspended continuously for 180 days under this section, the licence is revoked on the expiry of those days.

### Insurance Ordinance 《保險業條例》

64ZL. Revocation of approval of responsible officer of licensed insurance agency
(1) The approval of a person as a responsible officer of a licensed insurance agency is revoked if the person ceases to be a licensed technical representative (agent).
(2) The Authority may revoke the approval of a person as a responsible officer of a licensed insurance agency if it is satisfied that—
(a) the person ceases to be responsible for the conduct in relation to the licensed insurance agency’s carrying on of regulated activities; or
(b) the person ceases to have sufficient authority from the licensed insurance agency, or to be provided with sufficient resources and support, for discharging his or her responsibilities as a responsible officer of the licensed insurance agency.
(3) The power under subsection (2) is not exercisable unless, before exercising the power, the Authority has given the individual and the licensed insurance agency—
(a) a notice in writing of its intention to do so and the reasons for doing so; and
(b) an opportunity to make written representations or oral representations in relation to those reasons.
(4) A notice under subsection (3)(a) must also include a statement describing—
(a) the right of the individual and the licensed insurance agency to make representations; and
(b) how and when the individual and the licensed insurance agency may make representations.

64ZM. Revocation of approval of responsible officer of licensed insurance broker company
(1) The approval of a person as a responsible officer of a licensed insurance broker company is revoked if the person ceases to be a licensed technical representative (broker).
(2) The Authority may revoke the approval of a person as a responsible officer of a licensed insurance broker company if it is satisfied that— (Amended E.R. 3 of 2015)
(a) the person ceases to be responsible for the conduct in relation to the licensed insurance broker company’s carrying on of regulated activities; or
(b) the person ceases to have sufficient authority from the licensed insurance broker company, or to be provided with sufficient resources and support, for discharging his or her responsibilities as a responsible officer of the licensed insurance broker company.
(3) The power under subsection (2) is not exercisable unless, before exercising the power, the Authority has given the individual and the licensed insurance broker company—
(a) a notice in writing of its intention to do so and the reasons for doing so; and
(b) an opportunity to make written representations or oral representations in relation to those reasons.
(4) A notice under subsection (3)(a) must also include a statement describing—
(a) the right of the individual and the licensed insurance broker company to make representations; and
(b) how and when the individual and the licensed insurance broker company may make representations.