### Insurance Ordinance 《保險業條例》

64T. Duty to notify Authority of cessation of carrying on of regulated activities by licensed insurance broker companies
(1) At least 3 months before a licensed insurance broker company ceases to carry on regulated activities, the company must notify the Authority in writing of the intention to do so and the intended date of cessation.
(2) A licensed insurance broker company which ceases to carry on regulated activities must prepare—
(a) an auditor’s report on the financial statements which are to be made up to (and including) the date of cessation;
(b) an auditor’s report stating whether the auditor is of the opinion that the company has, until the date of cessation, continued to comply with 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; and
(c) any other documents that are prescribed by rules made under section 129.
(3) A licensed insurance broker company must submit to the Authority the documents specified in subsection (2) not later than 6 months after the date of cessation.
(4) The Authority must, as soon as practicable after receiving a notification under subsection (1), amend any relevant particulars in the register kept under section 64O.
(5) A licensed insurance broker company which, without reasonable excuse, contravenes subsection (1), (2) or (3) commits an offence and is liable to a fine at level 5.

### Insurance Ordinance 《保險業條例》

64V. Validity of insurance agency licence
A licence granted under section 64U is valid for 3 years or, if the Authority considers it appropriate in a particular case, another period determined by the Authority, beginning on the date on which it is granted.

64W. Grant of licence—individual insurance agent
(1) An individual may apply to the Authority for an individual insurance agent licence to carry on regulated activities in one or more lines of business, as an agent of any authorized insurer.
(2) On an application made in the manner specified by the Authority and on payment of a prescribed fee, the Authority may grant to the applicant an individual insurance agent licence to carry on regulated activities in one or more lines of business specified in the licence, as an agent of any authorized insurer.
(3) The Authority must not grant the licence unless it is satisfied that—
(a) the applicant is a fit and proper person to carry on regulated activities in the lines of business concerned;
(b) the applicant is appointed as an agent by at least one authorized insurer; and
(c) the applicant is neither the holder of a licence granted under section 64U, 64Y or 64ZC nor applying for such a licence.
(4) The Authority must give the applicant a notice in writing of the result of the application made under subsection (1).
(5) If the application is rejected, the notice must include a statement of the reasons for the rejection.

64X. Validity of individual insurance agent licence
A licence granted under section 64W is valid for 3 years or, if the Authority considers it appropriate in a particular case, another period determined by the Authority, beginning on the date on which it is granted.

### Insurance Ordinance 《保險業條例》

64Y. Grant of licence—technical representative (agent)
(1) An individual may apply to the Authority for a technical representative (agent) licence to carry on regulated activities in one or more lines of business, as an agent of any licensed insurance agency.
(2) On an application made in the manner specified by the Authority and on payment of a prescribed fee, the Authority may grant to the applicant a technical representative (agent) licence to carry on regulated activities in one or more lines of business specified in the licence, as an agent of any licensed insurance agency.
(3) The Authority must not grant the licence unless it is satisfied that—
(a) the applicant is a fit and proper person to carry on regulated activities in the lines of business concerned;
(b) the applicant is appointed as an agent by—
(i) a licensed insurance agency; or
(ii) a person who applies under section 64U for an insurance agency licence; and
(c) the applicant is neither the holder of a licence granted under section 64U, 64W or 64ZC nor applying for such a licence.
(4) The Authority must give the applicant a notice in writing of the result of the application made under subsection (1).
(5) If the application is rejected, the notice must include a statement of the reasons for the rejection.

64Z. Validity of technical representative (agent) licence
A licence granted under section 64Y is valid for 3 years or, if the Authority considers it appropriate in a particular case, another period determined by the Authority, beginning on the date on which it is granted.

### Insurance Ordinance 《保險業條例》

64ZB. Validity of insurance broker company licence
A licence granted under section 64ZA is valid for 3 years or, if the Authority considers it appropriate in a particular case, another period determined by the Authority, beginning on the date on which it is granted.

64ZC. Grant of licence—technical representative (broker)
(1) An individual may apply to the Authority for a technical representative (broker) licence to carry on regulated activities in one or more lines of business, as an agent of any licensed insurance broker company.
(2) On an application made in the manner specified by the Authority and on payment of a prescribed fee, the Authority may grant to the applicant a technical representative (broker) licence to carry on regulated activities in one or more lines of business specified in the licence, as an agent of any licensed insurance broker company.
(3) The Authority must not grant the licence unless it is satisfied that—
(a) the applicant is a fit and proper person to carry on regulated activities in the lines of business concerned;
(b) the applicant is appointed as an agent by—
(i) at least one licensed insurance broker company; or
(ii) a person who applies under section 64ZA for an insurance broker company licence; and
(c) the applicant is neither the holder of a licence granted under section 64U, 64W or 64Y nor applying for such a licence.
(4) The Authority must give the applicant a notice in writing of the result of the application made under subsection (1).
(5) If the application is rejected, the notice must include a statement of the reasons for the rejection.

64ZD. Validity of technical representative (broker) licence
A licence granted under section 64ZC is valid for 3 years or, if the Authority considers it appropriate in a particular case, another period determined by the Authority, beginning on the date on which it is granted.

64ZE. Approval of responsible officers of licensed insurance agencies
(1) A person specified in subsection (2) (principal applicant

64ZF. Approval of responsible officers of licensed insurance broker companies
(1) A company specified in subsection (2) (principal applicant