Regulatory risk relating to the insurance agency business
First written in FY2018. 2 of 3 entries say "Restated". Latest entry: FY2022.
5 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The operation of the Group’s insurance solicitation agency business, which is part of its brokerage-related operations, is subject to regulation under the Insurance Business Act and related laws and regulations, supervision by the relevant authorities based on those laws and regulations, and guidance from the primary insurers.」
The disclosure reconfirms the regulatory and legal compliance risks relating to the insurance solicitation agency business. - FY2020RestatedAnnual report
「The operation of the Group’s insurance solicitation agency business, which is part of its brokerage-related operations, is subject to regulation under the Insurance Business Act and related laws and regulations, supervision by the relevant authorities based on those laws and regulations, and guidance from the primary insurers. If a situation arises that violates the Insurance Business Act or related laws and regulations, the Group’s business and operating results may be affected.」
The disclosure reiterates the regulatory and legal compliance risks relating to the insurance solicitation agency business. - FY2018First statedAnnual report
「The operation of the Group’s insurance solicitation agency business, which is part of its brokerage-related operations, is subject to regulation under the Insurance Business Act and related laws and regulations, supervision by the relevant authorities based on those laws and regulations, and guidance from the primary insurers. If a situation arises that violates the Insurance Business Act or related laws and regulations, the Group’s business and operating results may be affected.」
The disclosure separately identifies, for the first time, the risk that the insurance solicitation agency business may be affected if it violates the Insurance Business Act or other applicable laws and regulations.