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What is an insurance contract ?
The centerpiece of the insurance business is the Insurance Contract. Entering into an insurance contract is both the "conclusion point" of a series of activities i.e introducing, consulting products directly performed by an insurance company, or through intermediaries...
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Mandatory insurances in Vietnam
According to Article 8 of the current Law on Insurance Business, mandatory insurance is only applicable to certain types of insurance to protect public interests and social safety...
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Myanmar's regulator gives the green light to bancassurance
On March 4th, 2020, the Myanmar Insurance Business Regulatory Board (IBRB) issued Directive No. 02/2020 which allows banks and microfinance institutions to operate as insurance agents, provided they obtain approval from the Central Bank of Myanmar (CBM) ...
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Pay attention to statutory limits in the insurance contract
During the implementation of an insurance contract, policyholders and the insured need to note 3 milestones to properly ensure their rights...