Boonlua Chatree
Insurance agents, rescue workers and others impacted by
vehicle-related accidents were briefed on coming changes to Thailand’s
insurance laws.
Chonburi Deputy Gov. Pornchai Kwansakul outlines changes
by Thailand’s Office of Insurance Commission.
Chonburi Deputy Gov. Pornchai Kwansakul outlined changes
by Thailand’s Office of Insurance Commission (OIC), Chonburi office, June
13. He said the agency is making changes to insurance regulations and
offerings this summer to improve Thailand’s woeful highway death and injury
rate.
The biggest changes will come to the country’s compulsory
car insurance program, which currently pays 100,000 baht to permanently
disabled car-crash victims or families of dead drivers. Beginning in July,
these benefits are set to increase to 300,000 baht. Premiums are not
expected to increase, Pornchai said.
The OIC is also working with the Central Garage Insurance
Association to improve car inspections so as to set standard rates or
repairs at reasonable prices and improve quality of service.
Voluntary car insurance programs are also seeing changes,
including the “Takaful” minor accident, minor daily health compensation and
ordinary life insurance-savings type policies, Pornchai said.
Prominent among the changes is a switch to newer
mortality tables that will give better insurance-coverage options to Muslims
in Thailand’s strife-torn southern provinces. The last changes in mortality
tables came in 1997, before the resurgence in southern bloodshed that has
left nearly 7,000 Muslims dead.
Pornchai also noted that the OIC Office has improved its
conflict-resolution process, saying that if cases cannot be solved in
arbitration, a new reconciliation process can be used to settle problems.
For more information contact the Insurance Hotline at 1186.
