Overview

An interesting draft amendment to Thai life and non-life insurance law has been approved by the Thai Cabinet. Among other things, there is a critical change to insurers' ownership requirements being proposed.

The requirement under current insurance law that Thais must hold more than half of the voting rights in a Thai insurance holding company appears to have been removed. This allows the possibility of more flexible investment structures being utilised and significantly more control being exerted by foreign investors over insurers in Thailand.

DLA Piper provides an overview of the key amendments.

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