160ATerritory savings and transition

160A Territory savings and transition

If an employer who is required to obtain insurance under section 160 of this Act: (a) obtained and kept current a policy or policies of insurance or indemnity in accordance with section 18 of the Workers’ Compensation Ordinance 1980 before 1 July 1992; and (b) the policy or policies expire on or after 1 July 1992; and (c) the employer keeps the policy or policies current as required by section 18 of the Ordinance until the expiry date of the policies; the policy or policies must be taken to satisfy the requirement to obtain insurance under section 160 of this Act.