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2.3 Naresuan University’s team, led by Associate Commission to provide comments or recommendations
Prof. Dr. Chada Narongrit conducted the Annual Rice on the Building and Entertainment Establishment Liability
Crop Insurance Using Weather Index Pilot Project, Insurance Report Form, classified by Insurance Codes
funded by the Thailand Research Fund. The study team that the OIC had drafted, the Committee recommended
began collecting information from target farmers group the report should include the liability insurance cases
in Kampaengpet Province in 2010. The Committee also with sum-insured of 5,000,000 Baht and more only. The
provided some information on insurance. The signing OIC has informed member companies of the recommended
ceremony for the cooperation on the research project requirements.
and its support in Kampaengpet province was signed on
September 7, 2010 at the Office of Thailand Research 5. Participating in The Process To Draft A Legislation
Fund. The Committee also joined meetings with the To Establish Nuclear Power Plant and Insurance
target farmers groups who participated in the virtual crop In response to a plan of the Nuclear Power Plant Board,
insurance pilot project to collect information from the Ministry of Energy (Dr. Manoon Aramrat) to draft a law to
target groups as well as information on rainfalls and establish a nuclear power plant and to consult with the
natural waters level on October 8, 2010 and between General Insurance Association on how to develop a
November 24–25, 2010 at Kampaenpet Province. A framework for public liability insurance that could be
number of 68 farmers participated in the event. included in the legislation to be drafted, the Executive
Board of the General Insurance Association, therefore,
3. The Setting Up of Working Group To Conduct Feasibility set up a working group to study the project and to develop
Study of Weather Index Insurance for Rice a suitable features for insurance plan. The Miscellaneous ,
The Chairman of Miscellaneous, Accident and Health Accident and Health Insurance Committee joined as
Insurance was assigned to be a member of the Working member of this working group and after a preliminary
Group to conduct Feasibility Study of Weather Index meeting with the representative from the Office of
Insurance for Rice set up by the Minister of Finance. Nuclear for Peace, the Committee shall take the following
The team comprises representatives from the Office of actions.
Fiscal Policy, the Bank of Agriculture and Agricultural 1. The guideline for preparing insurance framework
Coorperatives, the Office of Insurance Commission, the for the law to establish nuclear power plant. At present,
Ministry of Agriculture and Cooperatives, the Meteorological there are 436 nuclear power plants in the world and each
Department, the Actuarial Society of Thailand and the of these nuclear power plants are insured by a pool of
General Insurance Association. The goal of the project is insurers. At present, the working group is seeking additional
to create risk prevention system for the farmers. The information such as insurance in foreign countries, overseas
Weather Index Insurance for Rice Plan is now being partners, related laws and comparing how claim
developed by the General Insurance Association and the payments are made in the Motor Insurance Act.
Sompo Japan Insurance (Thailand) Co., Ltd. for 24 pilot 2. Direction for developing insurance policy to provide
provinces. The conditions for each area will not be protection for radio-active material and nuclear reactor to
overlapping and the areas in the South are not included be used as a part of the Ministerial Regulation to prescribe
in this stage of the project. Conditions and Methods for License Application and
A number of 10 member companies have, so far, How To Process Special Nuclear Material, Source Material,
confirmed their participation in this project. The GIA will By Products or Atomic Energy, B.E. 2550 issued under
organize a meeting to discuss the plan with these the Nuclear Energy For Peace Act, B.E. 2504, Chapter 4,
companies in mid January 2011. Section 1, conditions that the license applicants for by
products and atomic energy from reactor must comply.
4. Report on Insurance for Building and Entertainment The Committee has begun the study on details and risks
Establishments and is in the process of gathering information for
In response to a request by the Office of Insurance insurance product development.
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