Page 125 - TGIA_AnnualReport2010

concentration risk as major risk that accounted for 79% on a gradual basis in order to allow more time for the

of concentration risk. industry to adjust to the new regulation. The OIC plans to

- Credit risk was 14% with reinsurance risk require the insurance company to have solvency CAR at
as major risk, accounted for 37% of credit risk. 125% in 2011 and 140% in 2013, henceforth.
7. General Insurance Agency License Examination
6.2 Implementation of RBC At a meeting to discuss the National Insurance

According the General Insurance Act B.E. 2535, Strategic Plan organized on March 12, 2003, the OIC
amended in 2551, general insurance company is has agreed to assign the General Insurance Association

required to maintain a capital ratio that is in proportional to provide pre-recruitment examination for the applicants
to the assets, liabilities and obligations or at the prescribed of general insurance agency license on behalf of the

level and the Office of Insurance Commission must issue OIC.

all related regulations within 3 year or within January During a period between January 1, 2010 to December

2011. The OIC had announced that it will start the 31, 2010, a total number of 8,503 persons applied for the

implementation of RBC on September 1, 2011 after exams provided by the General Insurance Association

insurance companies completed their 2 parallel test nationwide. Of this total number, 79.4% actually sat for
nd

run and submit the reports within July 1, 2011. however, the exams and 42.6% of them passed the exams while

it is now clear that the OIC will implement the measure 20.6% did not show up for the tests.

Table: Statistics of Agency License Examination in Central Region and in the Provinces in 2010.

Statistics of Agency License Examination Nationwide During
Description January 1, 2010 to December 31, 2010
Central Provincial Areas Total
No. of Exams 70 247 317
No. of Applicants 3,615 4,888 8,503

Type A Applicants 2,963 3,010 5,973

Type B Applicants 647 1,598 2,245
Type C Applicants 5 280 285
No. of Testers 2,890 3,865 6,755

No. of Applicants Did Not Show Up 725 1,023 1,748

No. of Passed Applicants 1,650 1,970 3,620
Note: Type A Applicants are general insurance agents.
Type B Applicants are PA and Health Insurance Agents.
Type C Applicants are agents under the Victims of Auto Accident Victim Protection Act.

123 รายงานประจำปี 2553

_11-0038(092-133)E.indd 123 3/9/11 7:32:29 AM