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Cover Story - Earth, Wind & Fire: Japan To Introduce Premium Tax Deduction System For Earthquake Insurance On Dwelling Risks

Source: Asia Insurance Review | Mar 2006


When introduced, the new premium tax deduction system for Earthquake Insurance on Dwelling Risks is expected to increase the ownership of earthquake insurance policies because paid premiums will now be tax-deductible, thus enabling the policyholders to prepare for potential loss or damage to be caused by the future earthquakes. Mr Makoto Kawagoe, Deputy Manager, International Department of the General Insurance Association of Japan (GIAJ), explains what this system entails.

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