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May 24, 2016

PLC Insurance and Reinsurance Multi-Jurisdictional Guide 2016/17 – Thailand

Practical Law Company

Insurance and Reinsurance, published by Practical Law Company, provides a Q&A-style overview of insurance and reinsurance law in 30 jurisdictions around the world. Lawyers at Tilleke & Gibbins wrote the Thailand chapter of the guide, which covers market trends; relevant legislation such as the Life Insurance Act, Non-Life Insurance Act, and the Foreign Business Act; the governance of insurance contracts by the Thai Commercial and Civil Code; operating restrictions on providers and intermediaries; restrictions on ownership or control; ongoing requirements for authorized or licensed entities; penalties for noncompliance; reinsurance monitoring and disclosure requirements; policies and claims including time limits; taxation of providers under the Revenue Code; dispute resolution; and proposals for reform including liberalization of the market, strengthening capital requirements to protect policyholders, and harmonization with regional and international governance standards.

Practical Law Company is a legal publishing company which provides legal know-how for business lawyers. Tilleke & Gibbins also contributed the Vietnam chapter of the guide.

Related Professionals
Aaron Le Marquer
Partner and Deputy Director, Dispute Resolution
Thailand
Athistha (Nop) Chitranukroh
Partner and Director, Corporate and Commercial
Thailand

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