News Non-Life21 Jun 2018

China:Driving on Delta bridge requires insurance policies from 2 or 3 jurisdictions

| 21 Jun 2018

Hong Kong, Macau and mainland Chinese authorities are preparing for the opening of the Hong Kong-Zhuhai-Macau (HKZM) Bridge that is reportedly scheduled on 1 July.

The bridge traverses three borders: Hong Kong/mainland China; Macau/mainland China and Hong Kong/Macau.

Because no single motor insurance policy complies with the legal requirements of all three jurisdictions, car owners and/or drivers should procure statutory motor insurance policies covering either two or three jurisdictions, depending on their driving routes, if they intend to use the HZMB.

If a Hong Kong resident is driving from Hong Kong to the mainland, he is only required to obtain valid statutory motor insurance of Hong Kong and the mainland. However, if he is driving from Hong Kong to Macau, he is required to obtain statutory motor insurance of the three jurisdictions, because the main bridge between Hong Kong and Macau stands over mainland Chinese waters.

The Hong Kong Insurance Authority and the insurance regulators of the Mainland and Macau have agreed on an arrangement whereby Hong Kong car owners and/or drivers can procure mainland and/or Macau statutory motor insurance through a one-stop service provided by Hong Kong insurance organisations.

The 55-km HKZM Bridge is an important part of China's masterplan to develop and integrate the Pearl River Delta to drive economic growth. The bridge slashes travelling times among the three places from three hours to 30 minutes.

Home to 68 million people, the Greater Bay Area covers 56,500 sq km in central southern China, and encompasses 11 cities -- Hong Kong, Macau and nine cities across Guangdong province.


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