@article{ART001435633},
author={Chun, Woo Hyun},
title={A Study on the Improvement of the Supervision on Insurance Agents - With a Special Focus on the Independent Corporate Agency -},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2010},
volume={21},
number={1},
pages={67-108}
TY - JOUR
AU - Chun, Woo Hyun
TI - A Study on the Improvement of the Supervision on Insurance Agents - With a Special Focus on the Independent Corporate Agency -
JO - Journal of Insurance and Finance
PY - 2010
VL - 21
IS - 1
PB - Korea Insurance Research Institute
SP - 67
EP - 108
SN - 2384-3209
AB - The recent changes in insurance intermediaries should help establishing sound work ethics of the insurance intermediaries and enhancing the trustworthiness of the insurance contracts. And this is why we have to carefully examine the prudence of insurance intermediaries. Since the majority of insurance contracts is made through the insurance intermediaries, the prudence of insurance intermediaries is the key to discuss the soundness of the insurance contracts as a social issue. The revised draft of the Insurance Law is imperfect in that it fails to make the independent insurance agency accountable for its violation. It is the problem of Article §102 of the Insurance Law and one of the important issues of insurance agency's supervising programs. In this paper, I propose a new revised draft about the insurance agency making independent corporate insurance agencies accountable for their violation, upholding their guarantee money, preventing by-passing contracts and inadequate support of the independent corporate agents, effectively sanctioning the violating agents(prohibition of re-registration), securing transparency and self-control system, making a duty of continuing re-education program, announcing the wrong sales cases and planning of rational commission.
KW - independent corporate insurance agency;independent insurance agency's self responsibility for their own violation;intermediating disorder;the effective sanction of the violating agents(prohibition of re-registration);the soundness of the intermediaries;upholding guarantee money
DO -
UR -
ER -
Chun, Woo Hyun. (2010). A Study on the Improvement of the Supervision on Insurance Agents - With a Special Focus on the Independent Corporate Agency -. Journal of Insurance and Finance, 21(1), 67-108.
Chun, Woo Hyun. 2010, "A Study on the Improvement of the Supervision on Insurance Agents - With a Special Focus on the Independent Corporate Agency -", Journal of Insurance and Finance, vol.21, no.1 pp.67-108.
Chun, Woo Hyun "A Study on the Improvement of the Supervision on Insurance Agents - With a Special Focus on the Independent Corporate Agency -" Journal of Insurance and Finance 21.1 pp.67-108 (2010) : 67.
Chun, Woo Hyun. A Study on the Improvement of the Supervision on Insurance Agents - With a Special Focus on the Independent Corporate Agency -. 2010; 21(1), 67-108.
Chun, Woo Hyun. "A Study on the Improvement of the Supervision on Insurance Agents - With a Special Focus on the Independent Corporate Agency -" Journal of Insurance and Finance 21, no.1 (2010) : 67-108.
Chun, Woo Hyun. A Study on the Improvement of the Supervision on Insurance Agents - With a Special Focus on the Independent Corporate Agency -. Journal of Insurance and Finance, 21(1), 67-108.
Chun, Woo Hyun. A Study on the Improvement of the Supervision on Insurance Agents - With a Special Focus on the Independent Corporate Agency -. Journal of Insurance and Finance. 2010; 21(1) 67-108.
Chun, Woo Hyun. A Study on the Improvement of the Supervision on Insurance Agents - With a Special Focus on the Independent Corporate Agency -. 2010; 21(1), 67-108.
Chun, Woo Hyun. "A Study on the Improvement of the Supervision on Insurance Agents - With a Special Focus on the Independent Corporate Agency -" Journal of Insurance and Finance 21, no.1 (2010) : 67-108.
