The Financial Services Agency is considering ordering Mitsui Sumitomo Insurance Co. to suspend part of its operations for inappropriate nonpayment of insurance claims, FSA sources said Monday.
In addition to calling on the nonlife insurance company to improve its management structure, the FSA plans to order the company to temporarily halt some sales of automobile, fire and health insurance products, the sources said.
The FSA will probably issue the order this week, they said.
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