Only insurers writing direct employees compensation insurance business in Hong Kong are members and no insurer will be permitted to effect employee compensation policies unless such insurer has become and remains a member of the Bureau.

An insurer's authorisation by the Commissioner of Insurance to carry on in or from Hong Kong direct employees' compensation insurance business is conditional on it first applying to the Council of the Bureau and becoming a registered member of the Bureau. Each applicant for membership shall enter into a Deed of Undertaking in such form as the Council of the Bureau may determine from time to time pursuant to which the applicant agrees, inter alia, to be bound by the Insolvency Fund Domestic Agreement and to participate in the Insolvency Fund Scheme. An insurer whose application is approved by the Council of the Bureau shall become a Member upon his name being entered in the Register accordingly.






Copyright (c) 2004 - 2023 All rights reserved.  Powered by CommuniLink.Net