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Draft of Life and Non-Life Insurance Acts is passed in Thailand 生命及非生命保險草案已在泰國通過

Updated: Jul 28, 2020

Thailand’s cabinet approved draft amendments to Life Insurance Act B.E. 2535 (1992) and Non-Life Insurance Act B.E. 2535 (1992) at the end of 2019.


Following are key changes以下為修法重點:

1. Strengthen and enhance the operational and financial stability of insurance companies.


2. Revise the formalities business transfer of insurance companies: The transferee of an insurance business is required to notify the insured of the right of objection.


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