As part of its drive to promote good corporate governance practices among insurers, the Thai Department of Insurance issued practice guidelines on 16 August 2006 requiring each insurer to make public information that will help customers to assess the soundness of the insurer’s financial position and its ability to pay on claims from customers. Insurers must submit brief financial statements covering the past three years, descriptions of its services and products, its market position, organisational structure, members of its board and management, major shareholders, its corporate governance policy, contact information, and other information that was not previously publicly available from insurers not listed on the Thai Stock Exchange.