News Non-Life01 Oct 2020

Malaysia:Watchdog determines general insurers violate competition law

| 01 Oct 2020

The Malaysia Competition Commission (MyCC) has decided that the General Insurance Association of Malaysia (PIAM) and its 22 members had infringed the Competition Act by entering into an agreement on the application of trade discounts on automotive parts prices and hourly labour rates for motor vehicle repairs by workshops under the PIAM Approved Repairers Scheme.

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