13 Aug 2015
RE AXA CHINA REGION INSURANCE CO (BERMUDA) LTD AND ANOTHER
- Citation
- RE AXA CHINA REGION INSURANCE CO (BERMUDA) LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP1271/2015
The Court sanctioned the Scheme because statutory requirements were met: the transferee (PIC) is authorized to carry on the transferred long-term business, the independent actuary concluded no adverse or no material adverse effects on policyholders, statutory notices and disclosures were properly made, the Insurance Authority had no objection, and the Scheme is fair between affected classes.