The Thai insurance industry is primarily regulated under the Civil and Commercial Code, the Casualty Insurance Act B.E. 2535 (as amended), the Life Insurance Act B.E. 2535 (as amended), the Insurance Commission Act B.E. 2550, and the Motor Accident Victims Protection Act B.E. 2535 (as amended). Numerous regulations are issued under each of these laws, and the Office of the Insurance Commission (OIC), under the Ministry of Finance, is the primary regulator.Establishment, Shareholding, and Directorship