BSI Insurance Broker Limited

The Role of the Office of the Insurance Commission “OIC”

This is the regulatory body of the Thai Insurance industry for both Life and Non-life products. The OIC monitors insurers against their financial obligations and solvency as determined under the law. They are the protection body of the consumer against unfair practices, and also include the approval of the policy Terms and Conditions, product premium rates within Age Bands that have been determined under an insurer’s Point of Sales or Marketing Material.

Overseas insurance policies purchased by Consumers while living in Thailand do not have the same protection unlike Thailand registered insurance plans both Life and Non-life.