ECIIB.COM.HK

Employees Compensation Insurer Insolvency Bureau ("the Bureau") is a company limited by guarantee and was incorporated under the Hong Kong Companies Ordinance on 18 February 2003. It was set up by the insurance industry to give effect to an agreement entered into on 21 February 2003 between the Government of the Hong Kong Special Administrative Region and the Bureau ("the Insolvency Fund Agreement")... In accordance with the Insolvency Fund Agreement, the Government and the Bureau have agreed to establish the Employees Compensation Insurer Insolvency Scheme ("the Insolvency Fund Scheme") to assume responsibility for the liabilities of insurers engaging in employees' compensation business that become insolvent on or after 1 April 2004. The liabilities in question were previously covered by the Employees Compensation Assistance Scheme ("ECAS") established under the Employees Compensation Assistance Ordinance (Cap. 365 of the laws of Hong Kong) and have been excised from the scope of..

Also known as: Employees Compensation Insurer Insolvency Bureau