What's New
   
 

Building Management (Third Party Risks Insurance) Regulation

The statutory provisions relating to the mandatory requirement for owners' corporations (OCs) to procure third party risks insurance will take effect on January 1, 2011.

According to the amended section 28 of the Building Management Ordinance (Cap.344), all OCs shall procure and keep in force in relation to the common parts of the building and the property of the OC a policy of third party risks insurance. The minimum insured amount of each policy shall be $10 million per event.

• Press release
   
• Amended section 28 of the Building Management Ordinance (Cap.344)
(to take effect on January 1, 2011)
   
• Building Management (Third Party Risks Insurance) Regulation
(to take effect on January 1, 2011)
   
• List of Authorised Insurers
   
• Building Owners' Corporation Third Party Risks Insurance Standard Policy by the Hong Kong Federation of Insurers
(English version only)