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 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.

• Amended section 28 of the Building Management Ordinance (Cap.344)
  
• Building Management (Third Party Risks Insurance) Regulation
  
• List of Authorised Insurers
• Frequently Asked Questions on "Third Party Risks Insurance" (Provided by The Hong Kong Federation of Insurers) (Only Chinese version is available)