Decision No. 107/TC/QD-TCHN amends and supplements Decision No. 663 TC/QD-TCHN on insurance premium rates for construction and installation projects. This document specifies basic fees, additional fees, and deduction rates for certain specific types of projects.
적용 범위
Insurance companies, project sponsors, construction consulting organizations, equipment suppliers, and installation contractors
핵심 사항
- Insurance companies may adjust insurance premium rates within a range of 25% compared to the prescribed premium rates (Article 2).
- Supplementing the insurance premium rates for certain construction and installation projects, including water supply facilities, dikes, dams, and power grid renovation (Sections I-II).
- Basic fees, additional fees, and deduction rates are specified in detail for each type of project (Premium Rates).
- For special projects not mentioned in the rules and premium rates issued by the Ministry of Finance, insurance companies and project sponsors may negotiate separate conditions and premium rates to promptly carry out insurance (Article 3).
- Insurance premiums are included in the project budget based on the established construction and installation premium rates (Article 4).
🌐 이 문서의 사회적 영향
- To ensure payment capability for insurance companies.
- Strengthen management and supervision of construction project insurance implementation.
- Provide a legal basis for project sponsors and insurance companies to negotiate separate insurance conditions for special projects.
❓ 자주 묻는 질문
What range can insurance companies adjust insurance premium rates compared to the prescribed premium rates?
Insurance companies may independently adjust insurance premium rates up or down within a range of 25% compared to the prescribed premium rates.
How can insurance companies and project sponsors negotiate for projects not mentioned?
Insurance companies and project sponsors are permitted to negotiate about insurance conditions and premium rates for special contents to promptly carry out insurance for the project.
What is the basic fee for water supply projects?
The basic fee for water supply projects (canals, reservoirs, valves, sluices) is 06.5% of the total cost of the project.
What is the deduction rate for power grid renovation projects?
Power grid renovation projects have deduction type N (no deduction).
How is the insurance premium calculated in the project budget?
Insurance premiums are calculated in the project budget based on the established construction and installation premium rates.
전문
Pursuant to …;
DECISION NO. 107/TC/QD-TCHN OF THE MINISTER OF FINANCE ON FEBRUARY 24, 1997, AMENDING AND SUPPLEMENTING DECISION NO. 663 TC/QD-TCHN OF JUNE 24, 1995 OF THE MINISTRY OF FINANCE
THE MINISTER OF FINANCE
Pursuant to Decision No. 178/CP dated October 28, 1994 of the Government on the tasks, powers, and organizational structure of the Ministry of Finance;
- Pursuant to the Charter on "Investment Management and Construction" issued together with Decree No. 42/CP dated July 16, 1996 of the Government;
- Pursuant to Circular No. 65/TC/DTP dated November 2, 1996 of the Ministry of Finance guiding construction project insurance;
At the proposal of the Director of the Department of Financial Affairs of Banks and Financial Organizations.
DECISION:
Article 1: This Decision promulgates the Insurance Fee Table for certain construction projects supplementing the Construction Insurance Fee Table, Installation Insurance Fee Table, additional insurance fees, and deductible levels already promulgated with Decision No. 663/TC/QD-TCHN dated June 24, 1995 of the Ministry of Finance.
Article 2: Amends Article 2 of Decision No. 663 TC/QD-TCHN dated June 24, 1995 as follows: Based on ensuring payment capacity, insurance enterprises may independently adjust the insurance fee within 25% of the prescribed fee table at specific times.
Article 3: For construction projects with special characteristics not mentioned or inadequately addressed in the rules and fee tables issued by the Ministry of Finance, insurance enterprises and investors are permitted to negotiate conditions and insurance fee tables for special contents to promptly insure the project but must report to the Ministry of Finance for monitoring and management.
Article 4: The insurance fee is calculated in the project budget based on the construction and installation fee tables that have been issued.
Article 5: This Decision takes effect from the date of issuance and applies to insurance enterprises and investors, construction consulting organizations, equipment suppliers, and contractors as stipulated in Decree No. 42/CP dated July 16, 1996 of the Government and Circular No. 65/TC/DTP dated November 2, 1996 of the Ministry of Finance guiding construction project insurance.
Article 6: The Minister, Heads of Ministries equivalent to Ministries, Heads of Government Agencies, Chairmen of People's Committees of provinces and cities shall be responsible for implementing this Decision to investors under their jurisdiction.
Article 7: The Director of the Department of Financial Affairs of Banks and Financial Organizations, the General Director of the General Investment and Development Department, the Head of the Office of the Ministry of Finance, and heads of related units shall be responsible for inspecting and supervising the implementation of this Decision.
SUPPLEMENTAL INSURANCE FEES FOR CERTAIN PROJECTS
CONSTRUCTION INSTALLATION
(Issued together with Decision No. 107 TC/QD-TCHN dated January 24, 1997 of the Ministry of Finance)
dated January 24, 1997 of the Ministry of Finance)
1. Supplement to Section I - Construction Insurance Fee Table:
|
|
|
Basic Fee (% of Project Cost) |
Additional Fee |
Deductible Level |
|
|
Code |
Civil construction installation. |
(by construction period standard) |
Earthquake Risk (based on the sensitivity of the project) |
Flood Risk |
(Exclusion Type) |
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
|
6000 |
Water Supply Projects: Canals, Reservoirs, Valves, Culverts |
06,5 |
C |
0,30 |
N ||| |
|
6200 |
Dikes, Dams, Embankments, Harbors |
10,0 |
C |
0,30 |
N ||| |
2. Supplement to Section II - Installation Insurance Fee Table:
|
|
|
Basic Fee (% of Project Cost) |
Additional Fee |
Deductible Level |
|
|
Code |
(machinery, equipment, or installation items) |
(by construction period standard) |
Earthquake Risk (based on the sensitivity of the project) |
Typhoon and Flood Risk (based on the project's endurance) |
(Exclusion Type) |
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
|
3592 |
Electrical Grid Renovation |
3,2 |
D |
1 |
N ||| |
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