Government signs market agreement with 45 insurance companies to extend compulsory insurance coverage to Hong Kong Port Area of Huanggang Port
The government has signed a market agreement with 45 insurance companies to extend the coverage of compulsory motor insurance and employees' compensation insurance to the Hong Kong Port Area of Huanggang Port, in line with the official opening of Huanggang Port on the 12th of this month, with an effective date of 31 July this year. Policyholders are not required to pay any additional fees, and the arrangement is similar to the approach adopted when the Hong Kong Port Area of Shenzhen Bay Port commenced operation in 2007.
Why read this: The article explains that 45 insurance companies have signed the agreement and the effective date, and compares it with the approach adopted at Shenzhen Bay Port in 2007, making it convenient for readers to verify the coverage of their policies.