Let me update the situation this morning.
Due to Fuso Japan cancelled the truck order few months ago, consequently
TCMA has to stop their production, now they try to save cost and delay the payment.
I already explain the insurance status and impact to Tan chong group, if TCMA not pay, the policy will stop to cover for all companies, not only TCMA.
On negotiation, TCMA want to reduce sum insured, and pay net off premium from the original billing.
By next Monday, they will send the revised sum insured to me, the new sum insured will effect from 1 Nov, not back date to inception date,
then I will adjust the premium which TCMA will pay.
Please wait for a week.
Khun Wanthana, can you tell reinsurers the story and ask them to wait for a while.