FIRE AND MARINE INSURANCE COMPANIES DEPOSIT

FIRE AND MARINE INSURANCE COMPANIES DEPOSIT

FIRE AND MARINE INSURANCE
COMPANIES DEPOSIT.

FORMS.

(Cap. 34, section 6(1)).
(Ordinance No. 32 Of 1917).

For forms prescribed by the Fire and Marine Insurance
Companies Deposit Ordinance, see the Schedule to that
Ordinance.

INSURANCE DEPOSIT (FIRE AND MARINE)
REGULATIONS.

(Cap. 34, section 7).
(Ordinance NO. 32 Of 1917).

[28th December, 1917.]

1. The value of any securities deposited with the
Registrar under section 5 of the Ordinance shall be the
market value on the day on which they are so deposited.

2. The company shall prove the market value thereof
to the satisfaction of the Registrar and shall pay to the
Registrar a fee of twenty-five cents for every hundred
dollars of such market value.

3. The company shall before depositing such sectintICS
transfer the legal ownership therein to the Registrar.

4. If at any time the Registrar is of opinion that any
securities have fallen below their value at the date of
deposit he may require the company to make tip the differ-
ence in value by the deposit of further securities ; and the
fees payable on such further deposit shall be charged at
the rate set out in regulation 2.

5. If the company is dissatisfied with any such
requirement it may appeal to the Governor in Council who
shall thereupon determine whether an), further deposit is
necessary, and if so to what amount.
Ord. 32 of 1917, s. 7, First Schedule. G.N. 809/40. (Cap. 34).

Ord. 32 of 1917, s. 7, First Schedule. G.N. 809/40. (Cap. 34).

https://oelawhk.lib.hku.hk/items/show/1694

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