You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

August 3, 2015

Getting the Deal Through – Insurance & Reinsurance 2015, Thailand Chapter

Subscribe to Updates
Law Business Research

The eighth edition of Getting the Deal Through – Insurance & Reinsurance, a Q&A-style guide to insurance and reinsurance law in 23 jurisdictions around the world, has been published by Law Business Research. Aaron Le Marquer, consultant, and Ittirote Klinboon, attorney-at-law, in Tilleke & Gibbins’ insurance group, coauthored the Thailand chapter of the guide.

The Thailand chapter provides an overview of formation and licensing, capital and surplus requirements, reserves, product regulation, change of control, acquisition financing, foreign investment, insolvent and financially troubled companies, reinsurance agreements, ceded reinsurance, retention of risk, collateral requirements, claim priority, intermediaries, third-party actions, late notice and wrongful denial of claims, indemnity policies, punitive damages, self-insurance default, dispute resolution, extracontractual obligations, and trends in the market, among many other subjects.

Reproduced with permission from Law Business Research Ltd. This article was first published in Getting the Deal Through: Insurance & Reinsurance 2015 (published in June 2015; contributing editors: William D Torchiana, Mark F Rosenberg and Marion Leydier, Sullivan & Cromwell LLP). For further information please visit www.gettingthedealthrough.com.

Download Full Article
Related Professionals
Aaron Le Marquer
Partner and Deputy Director, Dispute Resolution
Thailand
+66 2056 5555
Email

Industries

Insurance

Location

RELATED INSIGHTS​ 

May 12, 2011
The Report: Thailand 2011, published by Oxford Business Group, provides an in-depth analysis of various sectors of the Thai economy. In the legal section of the publication, Tilleke & Gibbins examines the government’s recent push for further liberalization of foreign investment laws. In addition to foreign investment, the article examines forms of business organization, capital markets, property law, labor and employment issues, and intellectual property.
Read More
May 3, 2011
Thailand has had insurance companies for over half a century, and the industry is regarded as competent and well regulated. The insurance industry was supervised and regulated by the Ministry of Commerce through the Casualty Insurance Act B.E. 2535 (A.D. 1992) and Life Insurance Act B.E. 2535 (A.D. 1992) until the recent amendments imposed by the Casualty Insurance Act (No. 2) B.E. 2551 (A.D. 2008) and Life Insurance Act (No. 2) B.E. 2551 (A.D. 2008), which transferred the supervisory and regulatory role of the Ministry of Commerce to the Ministry of Finance.
Read More
April 30, 2011
Within the past two years, Thailand has experienced a number of events that have called into question the country’s political stability. In this article, David Lyman reflects on the situation and sees a number of promising signs which indicate that the rule of law is continuing to be strengthened and that the political infighting can be overcome.
Read More