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Buildings Ordinance to be amended
A bill which seeks to require building owners to investigate regularly private drains and sewers to prevent possible leakage from affecting slope safety will be gazetted on Friday (February 2).
A government spokesman said today (Wednesday) that it was in the interest of building owners to investigate these private drains and sewers so that timely repairs could be carried out to eliminate the danger of a possible landslip.
The Buildings (Amendment) Bill 1996 also seeks to provide a more effective procedure for recovery of costs of works carried out by the Building Authority in default of building owners.
It will also remove an anomaly in the existing requirements for the service of a notice of expiry of a closure order.
The bill will be introduced into the Legislative Council on February 14.
End
Insurance Companies Ordinance to be amended
Amendments to the Insurance Companies Ordinance to enhance protection for the insuring public will be gazetted this Friday (February 2).
the Insurance Companies
The major amendments proposed under the (Amendment) Bill 1996 are to increase the minimum capital requirement for both general and long-term business, to increase the requirement in respect of general business and to "insurance" or "assurance" in business names to persons regulated under the ordinance.
minimum solvency margin restrict the use of the word