Guarantee insurance are recently introduced in the nation’s legal system that in order to promote the economic development with its service. It is quint-essential to establish a strong legal foundation and those laws are slowly adapting in the market with help of guarantee insurers. Below are some key regulations and statutory provisions that form the legal basis for guarantee insurance.

• Enforcement Ordinance of the Insurance Business Act
• Law on Bidding
• Law on Public Private Partnership Investment
• Others (Law on Construction etc.)