Page 170 - Anual report STi 2022_eng

Transaction (Million Baht)
Persons/juristic persons Relationship For the year For the year Necessity and Suitability
who may have conflicts characteristics Item Characteristics Ended Ended of Related Party Transactions
of interest December 31, December 31, Opinion of the Audit Committee

2021 2022

5. South East Life There are common Professional Indemnity Necessity and Suitability
Insurance Public directors with the Insurance The Company Group has an annual
Company Limited parent company - Administrative 0.95 0.72 professional indemnity insurance

of Univentures expenses policy with Southeast Insurance
Capital Company - Other receivables 0.72 - Public Company Limited. The
Limited. insurance has a reasonable
premium rate and offers more
suitable protection conditions
compared to other service providers
in the market.
Opinion of the Audit Committee
The transaction is a normal
business support transaction of the
Company Group with reasonable
premium rates and appropriate

conditions, in accordance with
normal trade practices.

6. South East Life There are common Director and Executive Necessity and Suitability
Insurance Public directors with the Officer Liability Insurance The Group has an annual director
Company Limited parent company - Administrative 0.20 0.21 and officer liability insurance policy
of Univentures expenses with Southeast Insurance Public

Capital Company - Other receivables - - Company Limited. When compared
to offers from other insurers for the
Limited. same amount of coverage, it is found

that Southeast Insurance Public
Company Limited has a similar
premium rate with more appropriate
coverage conditions.
Opinion of the Audit Committee
The transaction is a normal
business support transaction of the
Company Group with reasonable
premium rates and appropriate
conditions, in accordance with
normal trade practices.

168 Annual Report 2022 (56-1 One Report)