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FRIDAY, OCTOBER 22, 1993
FURTHER PROPOSALS TO IMPROVE THIS EARLY WARNING SYSTEM ARE BEING DEVELOPED, HE ADDED.
THE GOVERNMENT HAD ALSO INTRODUCED A PROPOSAL TO THE LEGISLATIVE COUNCIL WHICH WOULD GO A LONG WAY TO MAKE SURE THAT THE INSURER SHOULD HAVE, AT ALL TIMES, ASSETS SUFFICIENT ΤΟ MEET HIS LIABILITIES TO POLICY HOLDERS, HE SAID.
"WE WILL REQUIRE GENERAL INSURERS то MAINTAIN IN HONG KONG ASSETS OF A VALUE SUFFICIENT TO MEET HONG KONG POLICY HOLDERS' CLAIMS AND INTRODUCE REGULATIONS SPECIFYING HOW AN INSURER'S ASSETS ARE ΤΟ BE VALUED, HE EXPLAINED.
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APART FROM THE GOVERNMENT'S INITATIVES ΤΟ IMPROVE PRUDENTIAL SUPERVISION, HE SAID, THE INSURANCE INDUSTRY HAD REINFORCED ITS SYSTEM OF SELF-REGULATION BY SETTING UP IN 1990 AN INDEPDENDENT AND IMPARTIAL INSURANCE CLAIMS COMPLAINTS BUREAU
AND, FROM JANUARY THIS YEAR, REQUIRING INSURANCE BROKERS то AGENTS TO BE REGISTERED AND FOR BOTH то CONFORM WITH PROFESSIONAL STANDARDS.
BE AUTHORISED AND
PROPOSED TO GIVE STATUTORY INDUSTRY'S SYSTEM
HE ADDED THAT THE GOVERNMENT BACKING, WITH PENALTIES FOR NON-COMPLIANCE, TO THE OF CONTROL OVER ITS AGENTS AND BROKERS.
EIGHT MORE OCCUPATIONAL DISEASES ON THE LIST
* * * * *
THE GOVERNMENT HAS DECIDED TO INCLUDE EIGHT MORE OCCUPATIONAL DISEASES IN THE SECOND SCHEDULE TO THE EMPLOYEES' COMPENSATION ORDINANCE TO PROVIDE FURTHER PROTECTION FOR WORKERS.
AMENDMENTS TO THE SECOND SCHEDULE ARE PUBLISHED IN THE GAZETTE TODAY (FRIDAY) AND WILL TAKE IMMEDIATE EFFECT.
THE EIGHT OCCUPATIONAL DISEASES ADDED TO THE SECOND SCHEDULE TO THE ORDINANCE ARE AS FOLLOWS:
*
TUBERCULOSIS;
*
VIRAL HEPATITIS;
INFECTION BY STREPTOCOCCUS SUIS;
*
AVIAN CHALMYDIOSIS;
* LOCALISED NEW GROWTH OF THE
KERATOTIC;
SKIN,
PAPILLOMATOUS OR
OCCUPATIONAL VITILIGO;
* BYSSINOSIS; AND
OCCUPATIONAL ASTHMA.
/THE AMENDMENTS