FRIDAY, FEBRUARY 19, 1993
THERE ARE 86 INSURERS AUTHORISED TO CARRY ON MOTOR INSURANCE BUSINESS IN HONG KONG, AMONG WHOM 67 ARE MEMBERS ACCIDENT INSURANCE ASSOCIATION OF HONG KONG ("AIA").
OF
VEHICLE THE
THE PREMIUM RATES RECOMMENDED BY THE AIA PROVIDE ITS MEMBERS WITH USEFUL INFORMATION ON THE RISK INVOLVED IN INSURING EACH TYPE OF VEHICLE AND THE LEVEL OF PREMIUMS NECESSARY TO COVER THAT RISK, BUT IN PRACTICE MANY AIA MEMBERS VARY THE RECOMMENDED RATES.
HE ADVISED MOTORISTS TO COMPARE THE POLICIES AND TERMS OFFERED BY DIFFERENT MOTOR VEHICLE INSURERS BEFORE CHOOSING THE ONE THAT WAS BEST SUITED TO THEIR NEEDS.
"THERE ARE ALSO MANY INSURANCE BROKERS AND MOTORISTS ASSOCIATIONS WHO CAN PROVIDE THEM WITH ADVICE, HE ADDED.
"THERE IS
THUS AMPLE COMPETITION WITHIN THE MOTOR INSURANCE MARKET IN HONG KONG. GOVERNMENT INTERVENTION TO CONTROL PREMIUM RATES MAY NOT BE IN THE MOTORISTS' INTERESTS, IF MOTOR VEHICLE INSURANCE BECAME HARDER TO OBTAIN AS A RESULT, MR SHIPMAN SAID.
||
REGARDING THE PRACTICE OF IMPOSING MID-TERM CANCELLATIONS OR UNFAVOURABLE VARIATIONS ON MOTOR INSURANCE POLICIES, MR SHIPMAN NOTED THAT THE GENREAL INSURANCE COUNCIL AND THE AIA HAD MADE CLEAR THAT THEY DID NOT ENDORSE SUCH PRACTICES.
MR SHIPMAN SAID HE AGREED WITH THE BODIES THAT THIS PRACTICE COULD HAVE A INDUSTRY'S IMAGE.
"THE COST OF MOTOR INSURANCE POLICIES THEFT IS HIGH BECAUSE THE RISK OF THEFT IS CERTAIN MODELS OF CAR.
"THE PREVENTION
INSURERS'
REPRESENTATIVE NEGATIVE IMPACT ON THE
PROVIDING COVERAGE FOR HIGH, PARTICULARLY FOR
AND
||
RESPONSIBILITY OF THE PROBLEM, MR SHIPMAN ADDED.
DETECTION OF VEHICLE POLICE, WHO ARE ENDEAVOURING
THEFT ARE
ΤΟ TACKLE
THE
THE
BN (0) REGISTRATION REMINDED
* * * * *
OF
DEPENDENT TRAVEL ON IN BRITISH
A SPOKESMAN FOR THE IMMIGRATION DEPARTMENT REMINDED MEMBERS THE PUBLIC TODAY (FRIDAY) THAT HONG KONG BRITISH TERRITORIES CITIZENS (BDTCS) WHO WISH ΤΟ CONTINUE то BRITISH PASSPORTS BEYOND 1997 MUST OBTAIN OR BE INCLUDED NATIONAL (OVERSEAS) (BN(0)) PASSPORTS BEFORE JULY 1, 1997.
APPLICATIONS MAY BE MADE EITHER IN PERSON OR BY POST.
THE SPOKESMAN
No comments yet.
Private notes are available after approval.