Comments on: Indochine part II https://jinja.apsara.org/2006/05/indochine-part-ii/ Art, life, art of life in Cambodia. Fri, 02 Mar 2018 03:28:15 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Philippe Lenain https://jinja.apsara.org/2006/05/indochine-part-ii/comment-page-1/#comment-838 Philippe Lenain Mon, 29 May 2006 11:29:00 +0000 http://jinja.apsara.org/index.php/2006/05/18/indochine-part-ii/#comment-838 You write that : "Technically, Indochine was an agent of Caminco, the state insurer, but acted to issue policies and pay out claims directly". <br/><br/>Until January 2003, and the enactment of the Insurance law, only Caminco was tecnically an insurance company. All others (Forte, Asia and Indochine) sold Caminco insurance policies. They organised the reinsurance security beind Caminco.<br/><br/>You write : "They may never have had a company license. I wonder why?"<br/><br/>Wrong : on 8th January 2003, Indochine Insurance was the first orivate insurer to be licensed as an insurance company under the Cambodian Insurance Law. You write that : “Technically, Indochine was an agent of Caminco, the state insurer, but acted to issue policies and pay out claims directly”.

Until January 2003, and the enactment of the Insurance law, only Caminco was tecnically an insurance company. All others (Forte, Asia and Indochine) sold Caminco insurance policies. They organised the reinsurance security beind Caminco.

You write : “They may never have had a company license. I wonder why?”

Wrong : on 8th January 2003, Indochine Insurance was the first orivate insurer to be licensed as an insurance company under the Cambodian Insurance Law.

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