Thai Rath Edition
28 Jan 2022 6:30 a.m.
Reporters reported that The Office of Insurance Commission (OIC) would like to clarify the case that Thai Holdings Group Public Company Limited has a letter notifying the resolutions of the Board of Directors’ meeting regarding the termination of non-life insurance business. of the company Southeast Insurance Public Company Limited to the Director and Manager of the Stock Exchange of Thailand on January 26, 2022 that Southeast Insurance Public Company Limited has not been authorized to liquidate the business. Or still unable to close or stop operating the business until it has been approved for liquidation from the OIC, therefore, all policies of the Southeast Insurance Company are still covered.
At the same time, the OIC has set up a team consisting of Business and Investment Compliance Officer, Audit Division, Insurance Business Analysis Division line of law and litigation and benefit protection line closely monitor the situation To protect the benefit of the insured beneficiaries under the insurance policy and stakeholders
As for Southeast Insurance PCL., clarified that at present the company still operates business and provides services. including normal insurance policy coverage And now it has a capital adequacy ratio of 170% that is required by law, and it has enough liquidity to pay claims to all customers and trading partners.
In this regard, the exercise of the right to voluntarily terminate the non-life insurance business and return the business license to the Registrar (OIC) to find the best solution to reduce the impact for all types of insured customers and related companies. to receive a refund for all In which every policy customer will be properly protected and taken care of. including taking care of all employees, business partners and business alliances. Probably looking for the best solution. is to liquidate the business so that everyone can get their money back”.
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