Government signs agreement with 45 insurers to extend two classes of compulsory insurance to Huanggang Port Hong Kong Port Area

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 Huanggang Port Hong Kong Port Area, effective from 31 July, with no additional premium payable. The agreement was signed by the Financial Services and the Treasury Bureau with the insurance companies, in line with the coming into operation of the Huanggang Port Hong Kong Port Area Ordinance on 31 July, a practice similar to that when the Shenzhen Bay Port Hong Kong Port Area commenced operation in 2007. Policyholders may check the contents of the agreement and the list of signatory insurance companies on the bureau's website.