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Government Legislation

  • Partial Amendment to the Regulations on the Supervision of the Insurance Business
    • Competent Ministry : Financial Services Commission
    • Advance Publication of Legislation : 2021-03-12
    • Opinion Submission Deadline : 2021-04-21

1. Set the insurance period of insurance products that can be arranged by small-amount short-term insurance companies.

2. Ease foreign exchange position limits for insurance companies.

3. Prepare a procedure that verifies whether insurance companies’ liability reserves are acceptable.

4. Expand the comparative disclosure of lawsuits for insurance companies.



Regulatory effect assessment
  • 보험업감독규정(규제영향분석서)_20210303.hwp [download]
Legislative proposal (draft)
  • 보험업감독규정 일부규정개정안_(종합).hwp [download]