Newsletter

OIC sends officers to strict supervision “Asia Insurance”

In this regard, the notification of the registrar prescribes payment with the approval of the registrar or the person assigned by the registrar in the following cases:

1. Payment of compensation to the insured beneficiaries under insurance policies, etc.

2. Reimbursement of insurance premiums to the insured

3. Payment of utility bills such as water, electricity, etc.

4. Payment for communication such as postage, telephone, fax, internet, etc.

5. Payment of taxes, duties or taxes as required by law

6. Payments according to court orders such as compensation, fines, fees, etc.

7. Payment of fees, fines, payments or contributions as required by law.

8. Payments or other expenses as necessary to expedite the follow-up or recovery of the Company’s outstanding liabilities.

by disbursing money in case of any other necessity Must be approved by the registrar with reasons of necessity with clear documentary evidence

In this regard, the Office of Insurance Commission has prepared a plan for managing the payment of claims. The competent official will go to check the unpaid compensation. by letting the company classify according to the policy form and consider the order of submission

If it is found that any person has complete documents, they will expedite the approval of the payment and notify the company to pay the compensation ASAP. Preliminary claims that do not take much time to verify documents will be of the type found, paid, and finished. In the case of incomplete documents, the company will expedite the company to coordinate with the insured to deliver additional documents asap.

“Issuing the said registrar’s announcement It is to support and authorize the competent officer to be stationed at the company’s office. to carry out control of disbursement as necessary and expedite the clearing of claims for the insured and creditors under the insurance contract first. Therefore, the company’s existing assets will be managed to protect the benefits of the people fully Therefore, people should not be worried. The OIC will take all measures to the best of their ability. And please be confident that the insurance system can come to help. Remedy to alleviate suffering in any situation and all dimensions of risk Even the situation of the epidemic of Covid-19, if people have doubts or are not treated fairly. Contact the OIC hotline 1186 or www.oic.or.th.”

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