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KOREAN FSS TO LIFT RESTRICTIONS ON AUTO INSURANCE PREMIUMS.
SEOUL, July 2 Asia Pulse - The Financial Supervisory Service (FSS) said Sunday that it will lift restrictions on insurance premiums on private and business-purpose passenger cars and motorcycles beginning Aug. 1.
The deregulation will allow up an to 11 per cent cut in the insurance premiums for those who purchase insurance policies for the first time, an FSS official said.
The FSS has deregulated the insurance premiums for the vans and vehicles with business purpose in January and April.
The FSS expects that the average premium will drop by 2 to 3 ...
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Source: HighBeam Research, KOREAN FSS TO LIFT RESTRICTIONS ON AUTO INSURANCE PREMIUMS.