OIC clarifies the letter to cancel the insurance against COVID has no effect Repeat violations are punished.

OIC clarifies the letter to cancel the insurance against COVID has no effect Repeat violations are punished.

From the case on July 16, 2021, Syn Munkong Insurance Public Company Limited has issued a notice of termination of the COVID-19 insurance policy, either see, pay, end or covid 2 in 1 with insurance buyers citing the epidemic of COVID-19. so hard that later, the Office of Insurance Commission (OIC) has to order the registrar to stop All non-life insurance companies are prohibited from canceling their Covid-19 insurance to protect consumers.

Until recently, on July 17, 2021, reporters received complaints from many people that Still receiving notice of cancellation of covid insurance from Sin Mankhong which creates a lot of discomfort for the insurers

Report from the public relations representative of Sin Munkong Insurance PCL. confirmed that it still requested the cancellation of the covid insurance policy according to the original announcement message. and will arrange an appointment to discuss with the OIC again on 19 July. If there is a change, we will inform you.

side Mr. Suthiphon Thaweechaikarn, Secretary General of the OIC said that everyone who insured for COVID-19 can feel at ease that Every covid policy purchased from Sinsongkhon or from all insurance companies will not be able to cancel and are also protected under certain conditions Because the registrar’s order no. 38/2564, regarding the cancellation of the conditions for exercising the right to cancel the Covid-19 insurance policy that the OIC just issued on July 16, 64, is an administrative order. It is the supreme power that all non-life insurance companies must comply with. In the case of people who have just received a letter of termination of insurance from Sin Mankong don’t worry because the termination letter will have no practical effect Including the case where Sin Mankong said that it would ask to come and discuss with the OIC first, it is not necessary and has no effect as well. because the registrar’s order issued is already an administrative order. Not every company can cancel a Covid-19 insurance policy arbitrarily.

However, if the order is not followed There is a fine of up to 300,000 baht and if you refuse to pay compensation There is still an offense of delaying the payment of additional compensation, which will have to pay a fine. and additional daily fines or if anyone is not being treated unfairly The OIC has opened a complaint channel at the OIC website http://oiceservice.oic.or.th/ or contacted directly at the OIC, including the insurance hotline 1186.

Related news :