OIC revokes business licenses Southeast Insurance and Thai Insurance

On April 1, 65, Dr. Suthiphon Thaweechaikarn, Secretary-General of the Insurance Commission or the Secretary-General of the OIC said that the Minister of Finance There is an order of the Ministry of Finance dated April 1, 65 to revoke the license to operate non-life insurance business, Southeast Insurance Public Company Limited and Thai Insurance Public Company Limited.

However, after the OIC ordered both companies to temporarily suspend insurance. and had a discussion with a shareholder representative and related groups We are concerned about the insurance claims of the people’s brothers and sisters. by which we give the capital group and shareholders go back to review the amendment To protect the rights of the policyholder during the license return period and not to be a burden on the insurance fund

The two companies stated that the shareholders would not support the finances of the two companies. when the money doesn’t come in late payment of claims there is a delay And no claims have been recorded. Therefore, proceeding with the law according to Section 59, causing the license to be revoked and proposed to the Minister of Finance to exercise such power

For those affected by the revocation of licenses, both companies are customers who hold covid insurance, meet, pay, and finish only because previously there were various insurance transfers. to other insurance companies before

In this regard, the Office of the Insurance Commission has set up an advisory center. receive a complaint and facilitate the receipt of debt repayment requests including supporting personnel in receiving debt repayment applications Both at the central office of the OIC and the office of the Provincial OIC throughout the country To serve customers of Southeast Insurance and Thai Insurance quickly and thoroughly.

If there is progress, will report further.