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Office of Insurance Commission
สำนักงานคณะกรรมการกำกับและส่งเสริมการประกอบธุรกิจประกันภัย
Enabling Act
Insurance Commission Act B.E. 2550 (2007); Life Insurance Act B.E. 2535; Non-Life Insurance Act B.E. 2535
Scope
Regulates Thailand's insurance industry — life insurers, non-life insurers, reinsurers, insurance brokers and agents, and (from 2020 amendments) digital-distribution channels.
Key Powers
- • License insurers, brokers, and agents
- • Approve insurance products, premium rates, and policy wording
- • Supervise insurer solvency and require capital-adequacy reporting
- • Operate the OIC complaint-handling channel for consumers (including foreign policyholders)
- • Impose administrative sanctions and revoke licences
Enforcement Examples
- Public list of revoked insurance-agent licences
- Solvency-based enforcement actions during the 2021-2022 motor-claims crisis (publicly reported)
Publication Channel
Royal Gazette + OIC notifications at oic.or.th
Contact Channel
1186 (national hotline) · [email protected]
How Foreigners Interact
Foreigners holding Thai motor, health, life, or travel insurance interact with OIC via its complaint channel for unresolved claim disputes; foreign-incorporated insurers must hold an OIC licence to offer products in Thailand.
Related Laws & Topics
Professional Legal Assistance
When a matter involves investigation, arrest, detention, litigation, or regulatory action, professional legal representation becomes essential.
Anglo Siam Legal provides experienced legal services across Thailand for both Thai nationals and foreigners.
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