Read the full judgment text of HCMP 2027/2013 on BabelCite. This High Court CFI judgment was delivered on 2 December 2013.
1. The transfer of any insurance business that falls within the meaning of “long term business” is regulated in Hong Kong under Part IV of the Insurance Companies Ordinance (Cap 41) (“the Ordinance”) and requires the sanction of the Court of First Instance of the High Court of Hong Kong. “Long term business” includes, among others, life insurance, retirement scheme and certain kinds of health insurance (see s 2 of the Ordinance).
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