The Office of Insurance Commission (OIC) has ordered two insurance firms, Southeast Insurance and Thai Insurance, to temporarily suspend the sale of their non-life policies.
Secretary-general Suttipol Taweechaikarn said on Thursday the OIC board had set conditions the two firms must comply with.
The firms had repeatedly said they would comply with Section 57 of the Insurance Act before ceasing operations. They had proposed that customers receive refunds for insurance coverage against Covid-19 infections and cancel insurance policies on a voluntarily…
