May 9, 2003
Financial Services Agency, Japan

The Safety-net for Life Insurance Sector in Japan

Figure (The Safety-net for Life Insurance Sector in Japan)

In 1998, a safety-net for life insurance sector was established with the resources of 460 billion yen.
In 2000, it was enhanced with additional 500 billion yen including 400 billion yen of special government subsidy scheme effective for three years.
On May 9, 2003, revision of the Insurance Business Law was proclaimed, which includes renewing of the safety-net for life insurance sector.

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