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Friday, 21 March 2008

Thailand Amends Insurance Act

Thailand's Insurance Amendment Act for both life and non-life came into force in February 2008.

Among changes are:
  • The ceiling on foreign shareholding is increased from 25% to 49%, to be considered on a case-by-case basis.
  • The introduction of Risk Based Capital (RBC).
  • Actuaries are to be licensed by Office of the Insurance Commission (OIC).

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posted by Teh Loo Hai @ 6:37 PM   0 Comments Links to this post