NU Online News Service, Apr. 2, 10:03 a.m. EDT

The New York State Insurance Department and the Autoridade Monet?ria de Macau- Macau's insurance regulator – have reached a memorandum of understanding which will allow for closer cooperation between the two regulators.

The New York department's announcement said Macau is one of two special administrative regions of the People's Republic of China, with Hong Kong being the other.

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