Educational Information Only
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Insurance Act Section 10 — Licensing
Life Insurance Act + Non-Life Insurance Act (พระราชบัญญัติประกันชีวิต / พระราชบัญญัติประกันวินาศภัย) — Section 10.
Plain-English Summary
Insurance business requires Finance-Minister-issued licence recommended by OIC.
Official Text
Official Thai text at the Royal Gazette / Office of the Council of State. Translation summary only.
Consult official sourceParent Statute
Life Insurance Act + Non-Life Insurance Act
พระราชบัญญัติประกันชีวิต / พระราชบัญญัติประกันวินาศภัย · B.E. 2535 (1992)
Thai insurance is governed by two parallel statutes — the Life Insurance Act B.E. 2535 (1992) and the Non-Life Insurance Act B.E. 2535 (1992). Both are administered by the Office of Insurance Commission (OIC). The Acts cover licensing of insurers and intermediaries, policy requirements, solvency, claim handling, and consumer protection.
The summary above is a plain-English educational paraphrase of Section 10 of the Life Insurance Act + Non-Life Insurance Act. It is not an authoritative translation. For the binding Thai text, consult the Royal Gazette or the Office of the Council of State. Educational use only — not a substitute for advice from a Thai-qualified lawyer.
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