Reported 8 months ago
The Financial Supervisory Commission (FSC) stated on June 18, 2024, that insurance companies cannot unfairly treat disabled individuals during underwriting by directly denying them coverage just because of their disabilities. The FSC emphasized that insurers must assess medical history and examinations appropriately and provide proper responses to insured individuals. The FSC has created a database of illness experience rates for disabled individuals, allowing insurance companies to use this information to determine premiums. The FSC has fined companies for discrimination against disabled individuals in underwriting, signaling a growing importance placed on the insurance rights of the disabled.
Source: YAHOO