Skip to main content

F. Legal liability for failure to procure third party risks insurance

If the OC fails to procure third party risks insurance, every member of the management committee of the OC is guilty of an offence and is liable on conviction to a maximum fine of HK$50,000.

 

It would be a defence for members of the management committee of the OC if they could demonstrate that they had exercised all due diligence to procure insurance.

Last revision date: