Search :              Myanma Insurance, the state-owned insurance company, was founded in 1952 and started as a life insurer but later it underwrites both life and non-life insurances.           Myanma Insurance has huge funds [ ( Life Fund Kyats 2994.50 MIO. ), (General Fund Kyats 12253.74 MIO) ] and has a substantial reinsurance cover. It has Marine Excess of Loss Reinsurance Treaty, Fire Excess of Loss Reinsurance Treaty, Aviation Proportional Treaty, Retention Treaty, Engineering Treaty, Motor Facultative Obligatory Treaty and Energy Treaty. These Reinsurance Treaties are placed with top-notch reinsures. Futhermore, Myanma Insurance is backed by the Government, which assures all the liabilities of it under the Myanma Insurance Law. So, Myanma Insurance is the insurer who will never be liquidated. Myanma Insurance is also reputed as the insurer who will never run away from a legitimate claim and it has paid total of kyats 841.99 million ( US$ 150.35 MIO ) in claims in the last financial year ( 2005-2006).           Myanma Insurance, like all other insurers, is using agency system extensively and from time to time new agents are recruited and trained.           Since Myanma Insurance is a state-owned insurer, the laws require that all the foreign investors must buy insurances only from it.