China Merchants Insurance Company Limited
(招商局保險有限公司)
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NOTICE IS HEREBY GIVEN that, pursuant to Section 25D of the Insurance Ordinance, an application has been made by China Merchants Insurance Company Limited (招商局保險有限公司), a company incorporated in Hong Kong (the “Company”), to the Insurance Authority of Hong Kong (the “Insurance Authority”) for approval of a proposed transfer (the “Transfer”) of the whole of the general insurance business carried on by the Company in or from Hong Kong on or before 11:59 p.m. on 21 September 2022, Hong Kong time, to CMB Wing Lung Insurance Company Limited (招商永隆保險有限公司), a company incorporated in Hong Kong and authorised to carry on the relevant classes of insurance business in or from Hong Kong.
Subject to the approval of the Transfer by the Insurance Authority, it is proposed that the Transfer shall take effect as of 00:00 a.m. on 30 December 2022, Hong Kong time.
Copies of a report setting out the particulars of the Transfer and of all legal proceedings, begun or in contemplation, relating to any of the policies included in the Transfer are available for inspection by any person having an interest in the Transfer at Suites 2303–04, 23/F., South Island Place, 8 Wong Chuk Hang Road, Hong Kong between 9:00 a.m. to 1:00 p.m. and 2:00 p.m. to 6:00 p.m., Hong Kong time, Monday to Friday (except public holidays), from the date of this notice until 7 November 2022.
Upon completion of the Transfer, the Company will cease to carry on any class of insurance business in or from Hong Kong and apply to the Insurance Authority for withdrawal of its authorization to carry on such business pursuant to Section 40(1) of the Insurance Ordinance.
Written representations concerning the Transfer or any objection to the subsequent withdrawal of the Company’s authorization may be sent to the Insurance Authority at 19/F, 41 Heung Yip Road, Wong Chuk Hang, Hong Kong at any time on or before 6 December 2022.
Date: 7 October 2022
China Merchants Insurance Company Limited
(招商局保險有限公司)
Suites 2303–04, 23/F., South Island Place, 8 Wong Chuk Hang Road Hong Kong