OIC mulls rejig of Covid framework : vimarsana.com

OIC mulls rejig of Covid framework


OIC mulls rejig of Covid framework
published :
20 Jul 2021 at 04:00
The Office of Insurance Commission (OIC) is discussing with the Thai General Insurance Association (TGIA) tightening the interpretation framework for the conditions of Covid insurance contracts to protect consumers and prevent abuse of legal loopholes, said Suthiphon Thaveechaiyagarn, OIC's secretary-general.
Syn Mun Kong (SMK) cancelled the termination of the lump sum Covid 2-in-1 insurance on Sunday evening about two days after the company's announcement which drew huge criticism from customers and a strong reaction from the insurance regulator.
"We are rechecking the conditions of Covid insurance policies again to see whether there are any issues or wording which could put consumers at a disadvantage," said Mr Suthiphon.

Related Keywords

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