Decision No. 150/2001/QD-BTC On supplementing and amending the accounting regime for insurance enterprises issued pursuant to Decision No. 1296 TC/QD/CĐKT dated December 31, 1996.

Pursuant to …;

Regarding supplementing and amending the accounting system for insurance enterprises issued pursuant to Decision No. 1296 TC/QĐ/CĐKT dated December 31, 1996

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 THE MINISTER OF FINANCE

Pursuant to the Insurance Business Law No. 24/2000/QH 10 dated December 9, 2000;
Pursuant to the Accounting and Statistics Decree dated May 20, 1988;

Pursuant to Government Decree No. 15/CP dated March 2, 1993 stipulating the tasks, powers, and responsibilities for state management by ministries and ministerial-level agencies;

Pursuant to Government Decree No. 178/CP dated October 28, 1994 stipulating the functions, tasks, and organizational structure of the Ministry of Finance;

Pursuant to Government Decree No. 42/2001/NĐ-CP dated August 1, 2001 detailing the implementation of certain provisions of the Insurance Business Law;

Pursuant to Government Decree No. 43/2001/NĐ-CP dated August 1, 2001 stipulating financial regulations for insurance enterprises and insurance brokerage enterprises;

Pursuant to Circular No. 71/2001/TT-BTC dated August 28, 2001 of the Ministry of Finance guiding the implementation of Government Decree No. 42/2001/NĐ-CP dated August 1, 2001 detailing the implementation of certain provisions of the Insurance Business Law; Circular No. 72/2001/T-BTC dated August 28, 2001 of the Ministry of Finance guiding the implementation of financial regulations for insurance enterprises and insurance brokerage enterprises;

To meet the requirements of economic and financial management of insurance enterprises in accordance with the Insurance Business Law and guiding documents thereof, at the proposal of the Director of the Accounting System Department and the Head of the Office of the Ministry of Finance,

DECISION:

Article 1: This decision hereby promulgates the Supplementary and Amended Accounting System for Insurance Enterprises issued pursuant to Decision No. 1296 TC/QĐ/CĐKT dated December 31, 1996 of the Ministry of Finance.

Article 2: The Accounting System for Insurance Enterprises issued pursuant to Decision No. 1296 TC/QĐ/CĐKT and the Supplementary and Amended Accounting System for Insurance Enterprises issued pursuant to this decision shall apply to all insurance enterprises and insurance brokerage enterprises under all forms of ownership throughout the country.

Article 3: This decision shall take effect from January 1, 2002.

Article 4: Provincial Tax Departments shall coordinate with relevant sectors to assist provincial People's Committees in guiding and supervising the implementation of the Accounting System for Insurance Enterprises within their jurisdiction.

The Directors of the Accounting System Department, the Financial Banking Department, and related financial organizations, the Director General of the General Department of Taxation, the Head of the Office of the Ministry, and the Heads of related units shall be responsible for guiding, supervising, and implementing this decision.