you need find out the post before we discuss further. PRI is gray policy, not many people understand it. When we received the claimed amount we didn’t handover our assets or no encumbrance on any of our assets.
Also we didn’t get any cash settlement from thai government neither we received any compensation awarded to us. We simply received SPLs approved which was applied pre closer and same goes with MLS.
We are getting incentives because of covid 19 not as a compensation, thai IPO was applied before and wasn’t declined by them before and it is still pending.
unless they have put some clause saying if kcn resume operations in Thailand then they have to pay the money back to Zurich with interest then we are liable otherwise it is a loss for the insurer (imo). I don’t think we will hear about this again from RSK unless we get notified by Zurich.
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