OIC seeks to reassure policyholders Southeast Insurance blocked from action The Office of the Insurance Commission (OIC) says Southeast Insurance has not been approved for liquidation, stressing that all coverage for policyholders is still in place. The swift clarification from the OIC followed a statement by the insurance giant to the authorities that it planned to cease operations. Thai Group Holdings Plc, a holding company that owns Southeast Insurance, submitted an open letter notifying the public of the board of directors’ decision to terminate its non-life insurance business on Jan 26 th…

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