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Principles in the application of exclusion terms
Concerning any type of insurance contract, whether personal, property, or civil liability, the insurer will provide insurance exclusions. This is also one of the compulsory contents in an insurance contract, according to the Law on Insurance Business...
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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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