【法规名称】
【法规编号】 42019 什么是编号？
【正 文】
第2页 CAP 1115 HONG KONG EXPORT CREDIT INSURANCE CORPORATION ORDINANCE
|
[接上页] Remarks: Adaptation amendments retroactively made - see 66 of 2000 s. 3 (1) The Corporation may, subject to the provisions of this Ordinance, carry on the business of insurance, being insurance under the contracts of insurance specified in subsection (2), and the business of giving guarantees under section 9B. (Amended 8 of 1974 s. 2) (2) The contracts of insurance which the Corporation may enter into under this section are contracts of insurance with, or for the benefit of, persons carrying on business in Hong Kong, being contracts of insurance against risk of monetary loss or other monetary detriment attributable to circumstances outside the control of the person suffering the loss or detriment and resulting from failure to receive payment in connexion with, or otherwise arising out of, acts or transactions in the course of, or for the purpose of, trade with places outside Hong Kong. (Amended 66 of 2000 s. 3) (3) The Corporation shall not enter into contracts of insurance against risks that are normally insured with commercial insurers. (4) The Corporation shall pursue a policy directed towards securing revenue sufficient to meet all its expenditure properly chargeable to revenue account. Cap 1115 s 9A Power of Corporation to enter into re-insurance agreement The Corporation may enter into an agreement with any person whereby such person undertakes to insure the Corporation against all or any of the liability of the Corporation under a contract of insurance entered into under section 9 either before or after the commencement of the Hong Kong Export Credit Insurance Corporation (Amendment) Ordinance 1970 (58 of 1970). (Added 58 of 1970 s.2) Cap 1115 s 9B Guarantees Where- (a) the Corporation has entered into, or proposes to enter into, a contract of insurance under section 9 with, or for the benefit of, any person; and (b) another person has advanced, or proposes to advance, moneys to the first-mentioned person for the purpose of financing, in whole or in part, the acts and transactions, which are the subject matter of the contract of insurance,the Corporation may guarantee to that other person the re-payment of the whole or any part of the moneys advanced or to be advanced by him and the payment of the whole or any part of any interest or other charges that may become payable to him in respect of those moneys. (Added 8 of 1974 s.3) Cap 1115 s 10 Advisory Board establishment Remarks: Adaptation amendments retroactively made - see 66 of 2000 s. 3 PART III ADVISORY BOARD (1) There is hereby established an Advisory Board to advise the Corporation in the conduct of its business under this Ordinance. (2) The Advisory Board shall consist of- (a) the Commissioner of Insurance or his representative; (Amended L.N. 206 of 1977; L.N. 294 of 1982; L.N. 215 of 1984; L.N. 392 of 1990) (b) the Executive Director, Hong Kong Trade Development Council, or his representative; and (c) not more than 10 other members.(3) The members of the Advisory Board, other than the Commissioner of Insurance and the Executive Director, Hong Kong Trade Development Council- (Amended L.N. 206 of 1977; L.N. 294 of 1982; L.N. 215 of 1984; L.N. 392 of 1990) (a) shall be appointed by the Chief Executive for a term not exceeding 3 years at a time; and (Amended 66 of 2000 s. 3) (b) shall upon appointment take an oath before a commissioner for oaths in the form prescribed in the First Schedule. (Amended 47 of 1997 s. 10)(4) If a member of the Advisory Board has any pecuniary interest, direct or indirect, in any contract or proposed contract or other matter, and is present at a meeting of the Board at which the contract or other matter is the subject of consideration, he shall, as soon as practicable after the commencement of the meeting of the Board, disclose to the Board the fact and the nature of his interest. (5) The Corporation shall not be bound by the advice of the Advisory Board. Cap 1115 s 11 Policy PART IV POLICY OF THE CORPORATION The Corporation shall keep the Financial Secretary informed of the decisions of the Corporation insofar as they relate to matters of policy in relation to the conduct of its business. Cap 1115 s 12 Approval of policy in respect of certain matters Remarks: Adaptation amendments retroactively made - see 66 of 2000 s. 3 (1) The policy pursued by the Corporation with respect to any of the following matters, namely- (a) the classes of contracts of insurance into which the Corporation will enter; (b) the nature and extent of the risks that may be covered under contracts of insurance entered into by the Corporation; (c) the undertaking of liabilities in relation to trade with particular places; (Amended 66 of 2000 s. 3) (d) the organization of the finances of the Corporation and the determination of the use to which any surpluses acquired by the Corporation are to be put; (e) the determination of the total amount of the capital and reserves required by the Corporation taking into account the sums at risk under contracts of insurance entered into by the Corporation; and |
- 此法规有错误，我来纠正。请点击在此 提交错误内容或者您纠正的内容！