Siam Commercial New York Life Insurance (SCNYL) has said that sexual preference is never a factor in its underwriting process in reaction to recent news report on an insurance application rejection.
SCNYL said it was aware of the news report of the insurance policy rejection for Natee Teerarojjanaphongs, a prominent gay-rights activist and an HIV/Aids advocate. Natee recently claimed that he was his insurance application because he is gay.
Below is SCNYL's statement in response to Natee's claim.
"[As] a matter of principle and legal confidentiality, we never discuss individual customer policies or applications. Sexual preference is never a factor in our underwriting process. However, there are numerous risk factors we consider in the health underwriting of any life insurance policy," SCNYL said.
The company said it had a long history of projecting "foundational values" of humanity and integrity in all of its business dealings, and treated every applicant impartially, with the respect they deserve. SCNYL conducts its business according to high standards of integrity and a code of conduct, and under the strict supervision of the Office of the Insurance Commission, the insurer said in its statement, released late last week.
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