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6. Liability Insurance for Liquefied Petroleum Gas 9. Reviewing and Improving Third Party Liability Policy
The Energy Business Department had invited the The Liability Insurance Club has reviewed and
Office of Insurance Commission and representatives of improved a standard third party liability policy and

the Committee to a consultation meeting on the drafting endorsements to be in lined with current situation and to

of the Ministry of Energy’s Notification on Criteria and make it clearer in terms of legal interpretation. The policy

Methods for Providing Public Liability Insurance to has also been improved according to the standard

Persons Affected by the Accidents Occurred in Type 3 framework set for member companies. The Liability

Controlled Business Operation Related to Liquefied Insurance Club organized a meeting to exchange views

Petroleum Gas, B.E…. The purpose of the plan is to on the issue on July 16, 2010 at the Swissotel Le

provide preliminary cure to the persons affected by the Concorde Hotel, Ratchadapisek Rd., Bangkok. The draft

operation of LPG and related insurance. The Committee policy is being reviewed by the Insurance Commissioner.

was requested to review the drafted notification and to

draft a Third Party liability policy including the suitable 10. Micro-Insurance
premium rates. The drafting have been completed and In response to the implementation of Insurance

the notification is awaited to be officially issued. Business Development Plan by the Office of Insurance
Commission, the Committee has develop micro-insurance
7. Unemployment Insurance plan for grass-root population all over the country in

The Department of Labour Protection and Welfare 2010. This product has been develop according to the

has consulted the Committee on the feasibility of providing risks and demand of the public and entrepreneurs with
unemployment insurance as another option to the protections that include death, loss of organs, disability,

establishment of Government’s unemployment fund. After daily hospital compensation and funeral expenses. The

the Committee has prepared information and submitted plan carries a premium of 450 Baht, including duty

recommendations to the Executive Board of the General stamp and tax. Since June 16, 2010, the Insurance
Insurance Association, the Board requested for more Commissioner has already approved insurance policy

study on the issue and asked the Committee to further submitted by 52 member companies.

develop suitable insurance plans. The Committee is in

the process of consulting related agencies. 11. “Smiling Motorcylists”: Micro-Insurance Plan for
Hired Motorcyclists
8. Insurance for Tax Return Filers and Back–Tax Payers In response to the plan to implement the “Smiling
In response to the Revenue Department’s plan to Motorcyclists” by the Bangkok Metropolitan Administration,

implement insurance plan for tax return filers and back the Committee has worked with the Thai Life Assurance

tax payers, the Committee had joined a meeting to Association and the Office of Insurance Commission to

review an issue related to the guaranteeing of back tax develop and offer the “Smiling Motorcyclists Insurance

payments in pursuance to the Revenue Departments Plan” for about 103,000 hired motorcyclists who have
Regulations on Back Tax Payment, B.E. 2545 and the registered with the various district offices all over

Tax Return Payment, issued under the Revenue Bangkok. This PA micro-insurance plan provides
Department’s regulations on Value Added Tax B.E. 2539 protection on death, permanent disability, loss of organs,

and Financial Tax B.E. 2539. The Committee viewed daily hospital compensation at 300 Baht per day for a

that’s the plans shall promote the development of maximum of 30 days per treatment. The premium is 500

insurance products and provide business opportunity Baht per year (Special rate of 450 Bath on launch date).

for member companies. However, more study on the The protection begins at 12.00 hrs. of the next day after

issue, including impacts on underwriting process is the premium is paid at the company, the Road Accident

needed. In the initial stage, the Committee has solicited Victims Protection Co., Ltd. and 7-11 convenient store

member companies who would be interested in the counters.
project and shall organize a meeting to discuss it. This project is jointly implemented by the General
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