Financial Supervisory Service Begins Identifying Duplicate Subscribers of Real-World Insurance
[Asia Economy Reporter Oh Hyung-gil] Financial supervisory authorities are set to identify subscribers to prevent duplicate subscriptions and insurance payout leakage in indemnity health insurance.
According to the financial sector on the 14th, the Financial Supervisory Service recently announced detailed rules for credit information business supervision to obtain data on indemnity insurance subscribers from the Korea Credit Information Services.
A new business report related to the status of indemnity insurance subscribers will be established, requiring submission of reports on the number of duplicate indemnity insurance subscribers and the number of insured persons by insurance payout brackets.
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The Financial Supervisory Service stated, "As issues of duplicate indemnity insurance subscriptions and insurance payout leakage have been raised, it has become necessary to closely identify the status of indemnity insurance subscribers."
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