Hello! Anyone removing Clause 5.3?

We have written in our previous post on June 22nd – The growing pains of direct premium rebating…... Looks like no one seems to notice the importance of doing away with Clause 5.3 of the Inter-company agreement on General Insurance Business (ICAGIB). PERWAKIM is looking at some other things (picketing is already over, what’s next?) and overlooked this point…. Ms Liza Lau, there is more definitely more that the association running-uphillcan do in the years ahead, although as of now, nothing but despair and uphill task (Thank friendly meshio.com for this piece of art…..thought of borrowing it for awhile!).

After checking out the direct transactions over the last 2 weeks or so, certainly does not paint those bleak and despair sort of scenarios that we have had all envisaged all this while.

Liza, we can assure PERWAKIM, if this particular clause can be taken out, intermediary and principal would stand on a level playing field, I believe things can surely evolve for the betterment of the agency community.

Liza and her committee…..”on your mark, get set…..GO!”

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2 comments for “Hello! Anyone removing Clause 5.3?

  1. December 2, 2010 at 02:22

    Few things are more inspirational than browsing through your post here after a long day. Your fresh insight keeps me, and surely others, motivated and informed about Online Home Business. Don’t ever stop posting like this one on Business Home Inter Marketing Online, ok?

  2. Jap-pan
    July 15, 2009 at 10:34

    Bro, Is there any comment from the PERWAKIM people? They do not seemed to be active after the 1st July 09 mandatory rebate has now been a foregone conclusion.

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