Page 347 - BAM ONE REPORT 2564 (ENGLISH VERSION)
P. 347

Form 56-1 One Report 2021
                                                                          Bangkok Commercial Asset Management Public Co., Ltd.  345





            Insured properties    Structures and buildings (excluding the foundation); decoration and renovation thereof;
                                  advertisement boards, equipment, components or any parts of the advertisement boards
                                  that bear the Company’s name (but not commercially used boards); furniture, fixtures and
                                  fittings, computers (excluding notebooks) and computer equipment of the principal office
                                  and all branch offices
            Insurance period      From December 31, 2020 (4:30 p.m.) to December 31, 2021 (4:30 p.m.)
            Sum insured           Baht 1,320,353,149.56 in total
            Policy type           Property risk insurance
            Coverage/             1.  Insurance against all types of risks for physical damage or loss of the insured properties
            Limited liability        as a result of any accidents arising from all types of external causes under the terms,
                                     conditions and exceptions of the standard property insurance form (OIC Standard Form),
                                     with limited liability applied to the following perils that occur to the principal office
                                     and branch offices of the Company:
                                     1.1 Windstorm, flood, earthquake, volcanic eruption, underwater wave or Tsunami, and
                                         hail;
                                     1.2 Damage or loss from theft, with clear signs of intrusion of the insured properties,
                                         plunder and robbery;
                                     1.3 Damage or loss against electrical appliances;
                                     1.4 Damage or loss against permanently installed glass panels and/or glass panels that
                                         are integral parts of the structure; and
                                     1.5 Damage or loss against machinery.

                                  2.  Third party liability
                                     The insurer agrees to be responsible for paying the indemnity on the Company’s behalf
                                     for the damage or loss incurred to the third party that the Company is liable to, in
                                     accordance with the law, as a result of or caused by accidents arising from its business
                                     operation or in relation to the insured business under the sum insured of the limited
                                     liability for the following losses:
                                     2.1 Loss of life and body, injury, illness or health of the third party; and
                                     2.2 Loss of or damage to the third party’s property.


                  Auto Insurance Agreements
                  The Company has the policy to enter into auto insurance agreements for all vehicles used for supporting its
            business operation with various insurance companies on a yearly basis, with the Company endorsed as the beneficiary
            in accordance with the terms and conditions of those policies, with the insurance term of about one year. As of December
            31, 2021, the Company took out the insurance for 326 vehicles, with the total sum insured of Baht 170.14 million.


            Business Operation Registration
                  The Company was approved for registration as an asset management company, the details of which are as follows:


                           Registration Certificate                      Approver             Registration term

             Asset Management Company Registration Certificate        Bank of Thailand         Indefinite term
             No. 001/2542, for the purpose of operating as an asset
             management company under the Emergency Decree
             on Asset Management Company
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