Page 108 - TGIA_AnnualReport2011
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6. Natural Disaster Risks Study Center
                  Implemented the Natural Disaster Risks Study Center Project by setting up a system that applies satellite
            image information and geographical information, especially information on flooding in cooperation with the Geo-
            Informatics and Space Technology Development Agency or GISTDA. The project includes the development of
            a map prototype and model for assessment of the flood-related risks all over Thailand, based on satellite and other
            support information, gathered in the past 5 years (2006 to 2010) and additional information in 2011. The partners

            to this project are to jointly analyze and interpret the information and create a map of areas, susceptible to
            flooding. They also write a map program on soft file and designed the prototype to be used for projecting flooding
            incidents that may occur in the future. The initial target areas are the 16 provinces along the Chao Phraya and
            Ta Chin River.
                  The Committee organized a press conference and the signing of memorandum of Understanding
            ceremony in August 5, 2011. The program is scheduled to commence in February 2012.



            7. Preparing the Sub-Limit for Flood Clause in the Property Insurance Policy
                  1) Prepared the wordings on the limits of liability (sub-limit) for flood clause in the attachment to the
            Property Insurance Policy. The Office of Insurance Commission has approved it on November 3, 2011 for a period
            of 3 months, starting from the date of approval. The OIC did not set the sub-limit amount. A total of 56 member
            companies has been approved with the sub-limit for flood clause.
                  2) Prepared the wordings on the limits of liability for natural disaster clause in the attachment to the
            Property Insurance Policy and premium rate. The OIC has approved it in principle and has enforced it for a period
            of 3 months after the date of approval. However, the OIC did not set the sub-limit amount. The Committee is in the
            process of gathering the names of member companies that seek an approval from the OIC.





































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