Regarding the amendments to some provisions of the media investment insurance law on the (23) day, the provisions on the right to review the insurance contract were abolished, which was detrimental to the rights and interests of consumers. The Financial Management Committee stated that this amendment to the Insurance Law system legalizes the right to cancel the current insurance contract and clearly defines the individual for two years. The insured person of the life insurance contract or above may revoke the insurance contract from the insurer, and ensure the protection of the consumer's rights and interests by means of raising the legal level of the contract cancellation right. As for the clause of the contract cancellation right, the insurer is not protected by the consumer. Article 11(1) provides for the review period. It is because consumers have the right to cancel the contract, in addition to ensuring their review rights, and they can enjoy insurance protection first, avoiding the window period, and should better protect the rights of consumers. .
The FCC said that the right to revocation of the contract has been in the insurance contract for many years, but there is no relevant provision in the insurance law. The reference to the personal insurance product review should be noted in Article 15-2 and the current life insurance policy model clause. The applicable insurance is the personal life insurance contract for personal two-year period and above. The provisions of this amendment clause shall be prescribed to allow the insured to maintain the protection as soon as possible while still maintaining a reasonable period of review of the policy terms. During this period, if the insurer finds that the terms of the policy are not suitable, the unconditional cancellation of the insurance contract and the retrieval of all premiums will be obtained. Compared with the review period stipulated in Article 11 of the Consumer Protection Law, in addition to better protecting the rights and interests of consumers, it does not create a window of protection.
In addition, the media voted that the FSC had not announced the insurance industry to apply the review period, but instead asked the Life Insurance Association to set a section on self-regulation. The FSC said that there is a misunderstanding. According to the Executive Yuan Consumer Protection Committee (hereinafter referred to as the Consumer Protection Association) before 90 To meet in 1998 to review the "Draft Model of Traditional Individual Life Insurance Contract Forming Contracts", and include a review period for which insurance products should be provided for at least 3 days. The Financial Management Committee will be reviewed and approved by the Consumer Protection Association before the announcement in 1999. The model was implemented on September 1, 1999. The book claimed that the FSC was not announced, and there may be misunderstandings. As for the Life Insurance Association, the self-regulation system was set up to enable the insurers to implement the implementation review period, instead of replacing the announcement.
The amendment of this notice is based on the right to withdraw the contract, and the period of exemption from review is granted, and the period of revocation of the contract is extended, so that consumers can enjoy insurance protection first, and there is no window period, which should be more conducive to consumer rights. Guarantee. If there are any opinions from outside during the notice period, you are welcome to submit it. This will be considered as a whole.
Source: Executive Yuan Republic of China