TNAG-1362-FCO40-1808-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 4

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3.

I should perhaps emphasize that the proposal now

being worked up is limited to those who have been adversely affected by the insolvency of the five insurance companies to which I referred earlier. In respect of any possible future insolvencies, Government has entered into a provisional

agreement with the Motor Insurers' Bureau of Hong Kong to

provide for the Bureau to operate an Insolvency Fund Scheme

to cover third party death or bodily injury claims against

insolvent insurers.