02147cas a2200241 a 4500 AALejournalIMF015996 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513517650 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Thailand : Financial Sector Assessment Program-Detailed Assessment of Observance-Insurance Core Principles. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (117 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Detailed Assessment of Observance on Insurance Core Principles on Thailand discusses that the government of Thailand has made a concerted effort to develop the insurance sector. The government has implemented a series of insurance development plans toward this end. Some significant regulatory and supervisory challenges remain, however, if Thailand is to continue to meet the pressures of a changing market and to continue to build the trust on which future growth depends. Consideration should be given to vesting more supervisory authority for key supervisory decisions with the Commission rather than with the Minister and Cabinet. Vesting authority with the Commission will help to ensure that the insurance supervisor has adequate powers to meet the objectives of insurance supervision. With respect to winding up and exit from the market, the insurance legislation should be amended to clearly establish a point at which it is no longer permissible for a troubled insurer to continue in business. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/320 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/320/002.2019.issue-320-en.xml IMF e-Library