Yonhap Infomax NewsDec 22
South Korea’s insurance sector faces rising consumer risks as aggressive agent sales tactics and regulatory loopholes create coverage gaps, prompting calls for full enforcement of the 1,200% commission cap on General Agencies (GAs).
#YonhapInfomax #Insurance #GeneralAgency #1200PercentRule #Commission #CoverageGap #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=96717
[Lee Yun-gu's Free Kicks] Trusting Your Insurance Agent Can Leave You Unprotected

South Korea’s insurance sector faces rising consumer risks as aggressive agent sales tactics and regulatory loopholes create coverage gaps, prompting calls for full enforcement of the 1,200% commission cap on General Agencies (GAs).

Yonhap Infomax
Yonhap Infomax NewsJun 1, 2025
South Korea's Financial Services Commission will overhaul insurance sales commissions, extending payments up to seven years and applying the 1,200% rule to general agencies to boost policy retention and consumer protection.
#YonhapInfomax #FinancialServicesCommission #InsuranceCommissions #PolicyRetention #GeneralAgencies #1200PercentRule #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=65716
Insurance Sales Commissions to Be Paid Over Up to 7 Years—1,200% Rule Extended to General Agencies

South Korea's Financial Services Commission will overhaul insurance sales commissions, extending payments up to seven years and applying the 1,200% rule to general agencies to boost policy retention and consumer protection.

Yonhap Infomax