Rules on Bancassurance Under Amended Insurance Code

Ask AI

IC Circular Letter No. 2015-20: Rules on Bancassurance Under Amended Insurance Code

What do you want to know about the law?
Ask AI quickly gives answers based only on the current context to avoid mistakes. Always verify with the original text.

New Chat Started

Ask AI

Title Source: Supreme Court: Rules on Bancassurance Under Amended Insurance Code

Law: Ic Circular Letter No. 2015-20

Decision Date: Apr 27, 2015

The IC Circular Letter No. 2015-20 establishes comprehensive rules for bancassurance activities, requiring insurance companies to obtain prior approval from the Insurance Commission and ensuring that bank employees can only refer clients to licensed insurance representatives unless specifically trained to present insurance products.

END