Intervention

The Insurance Authority is empowered under sections 27 to 35 of the Insurance Companies Ordinance (Cap.41) to take appropriate actions against an insurer where there are causes for concern over that insurer. The purpose is to protect the interests of policy holders and potential policy holders. These actions include:

• limitation of premium income
• restrictions on investments
• custody of assets by an approved trustee
• requirement for a special actuarial investigation
• assumption of control of an insurer