[Background]

□ As the separation of manufacturing and sales in the domestic insurance market accelerates, GA (General Agency) has grown into the largest sales channel.

□ GA is seeing growth in size, but concerns over negative behaviors such as incomplete sales and abuse of superior position continue, raising the need for institutional improvement.

[Main Points]

A. Enhancing Sales Channel Responsibility

Establishing branch management systems for GAs and strengthening internal control compliance obligations.

Expanding disclosure items for corporate insurance brokers and introducing internal control guidelines.

Requiring contract maintenance rates to be recorded on applications and policies, and adding contract switching rates to comparison items.

B. Introduction of Basic Capital Solvency Ratio Regulation

Introducing a "Basic Capital Solvency Ratio" of 100/50 as a financial soundness standard.

C. Clarification of Standards for Similar Contracts Related to Unfair Switching

Specifying standards for similar contracts at the level of insurance types based on coverage.