6. I am a car owner. Am I bound to purchase third party liability insurance for my car under the law? What are the consequences if I fail to do so?

Section 4 of the Motor Vehicles Insurance (Third Party Risks) Ordinance (Cap. 272 of the Laws of Hong Kong) requires all users (i.e. you and all your permitted users) of your car to have third party insurance.

If you are convicted of having contravened this section, you will be liable to a fine of $10,000 and to an imprisonment of 12 months, and possibly to disqualification from driving for a period of between 12 months and three years.