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- Carry out such other acts as may be necessary for the due

exercise, discharge and performance of its powers, duties

[9]
and functions under this act.

6. Thailand - The Office of Insurance Commission (OIC) is

the regulator of Thailand's insurance industry has been

regulated by the (OIC) which operates under the

supervision of the Thai Ministry of Finance.

The OIC is empowered to regulate insurance

companies, brokers and agents and was established under

the Thailand Government Insurance Commission Act B.E.

2550 which summarized the role of the Commission ‘to

supervise and promote insurance business conduct’. Prior

to this insurance regulation occurred within the

Department of Insurance, part of the Thai Ministry of

Commerce. [10]

7. Vietnam- the Ministry of Finance (MOF) is responsible for

supervising the insurance market in Vietnam. The MOF has

the power to grant and withdraw licences and has authority

to issue legal documents (circulars/decisions) which

provide guidelines for the operation and other activities of

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