The Building Management (Third Party Risks Insurance) Regulation and the Building Management Ordinance came into force on 1 January 2011 requiring an Owners' Corporation to procure third party risks insurance.  Mr Harry Wong, Chairman of the General Insurance Council of the Hong Kong Federation of Insurers (HKFI), said that "HKFI has handled over 100 telephone enquiries and 25 complaint cases referred to us by the Home Affairs Department and district bodies.  Our staff have spoken to all of them one by one and provided them with the necessary information and professional advice."

Mr Wong added that according to the cases handled by the HKFI, additional premiums are charged where appropriate for issuing a new policy or issuing an endorsement to the existing policy to comply with the legal requirements.

All Owners' Corporations are required by law to procure third party risks insurance to cover liabilities incurred by an OC in relation to the common parts of the building and the property of the OC in respect of bodily injury to and/or death of a third party. The minimum insurance amount shall be $10 million for each event.