Decision No. 927 TC/QD/TCNH amends the scope of application of rules, clauses, and insurance premium schedules previously issued by the Ministry of Finance to allow insurance companies operating in Vietnam to use them. This document replaces the term 'Bảo Việt Corporation' with the phrase 'insurance companies'.
적용 범위
Insurance companies licensed to operate in Vietnam.
핵심 사항
- Insurance companies are permitted to apply the rules, clauses, and insurance premium schedules issued prior to this decision (Article 1).
- The term 'Bảo Việt Corporation' in related documents shall be replaced with the phrase 'insurance companies' (Article 2).
- The application of rules, clauses, and insurance premium schedules must comply with the list of insurance business activities approved for each company (Article 3).
- If not using the aforementioned rules, clauses, and insurance premium schedules, the company must submit to the Ministry of Finance for approval before implementation (Article 3).
🌐 이 문서의 사회적 영향
- To expand the scope of operations for insurance companies beyond Bảo Việt Corporation.
- To create opportunities for more companies to enter the insurance market, increasing competition and service quality.
- It may increase management and inspection costs for the Ministry of Finance in supervising newly established insurance companies.
- Citizens and businesses have additional choices of insurance products from various companies.
❓ 자주 묻는 질문
Which rules and clauses can insurance companies apply?
Insurance companies are permitted to apply the rules, clauses, and insurance premium schedules issued prior to this decision (Article 1).
What replaces the term 'Bảo Việt Corporation' in the document?
'Bảo Việt Corporation' is replaced by the phrase 'insurance companies'.
What must be done if the aforementioned rules, clauses, and insurance premium schedules are not used?
Must submit to the Ministry of Finance for approval before implementation (Article 3).
전문
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 927TC/QD/TCNH |
Hanoi, August 18, 1995 |
Pursuant to …;
REGARDING THE AMENDMENT OF THE SCOPE OF APPLICATION OF INSURANCE RULES, TERMS, AND RATES
THE MINISTER OF FINANCE
Pursuant to the Government Decree No. 178/CP dated October 28, 1994 on the tasks, authorities, and organizational structure of the Ministry of Finance;
Pursuant to the Government Decree No. 100/CP dated December 28, 1993 on insurance expenses;
At the proposal of the Director of the Department of Banking and Financial Organizations' Finance;
Pursuant to …;
Article 1. Now permits insurance enterprises permitted to operate in Vietnam to apply insurance rules, terms, and rates issued by the Ministry of Finance that remain valid (as attached in the list);
Article 2. The phrases "Vietnam Insurance Corporation (Bao Viet)" or "Bao Viet" as the insurer shall be amended to read: "insurance enterprises."
Article 3. The application of the aforementioned rules, terms, and rates must comply with the list of insurance operations approved for business as recorded in the Certificate of Eligibility and Conditions for Insurance Business issued by the Ministry of Finance. For compulsory insurance operations, other insurance operations not applying the aforementioned rules, terms, and rates must submit their own rules, terms, and rates for approval by the Ministry of Finance before implementation.
Article 4. This Decision takes effect from the date of issuance. The Director of the Department of Banking and Financial Organizations' Finance, the Head of the Ministry of Finance's Office, and the Heads of related units are responsible for supervising and inspecting the implementation of this Decision.
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Nguyen Sinh Hung (Signed) |
LIST
INSURANCE RULES, TERMS, AND RATES ISSUED BY THE MINISTRY OF FINANCE
(Attached to Decision No. 927 TC/QĐ/TCNH dated August 18, 1995)
1/ Decision No. 179 TC/QĐ/BH dated July 8, 1986 of the Minister of Finance promulgating rules, clauses, and premium schedules for material damage and civil liability insurance for fishing vessels.
2/ Decision No. 325 TC/QĐ/BH dated October 27, 1987 of the Minister of Finance promulgating rules, clauses, and premium schedules for livestock insurance.
3. Decision No. 254 TC/QD/BH dated May 25, 1990 of the Minister of Finance promulgating rules, terms, and rates for ship hull insurance and civil liability insurance for ship owners operating on rivers, lakes, inland waters, and Vietnam's territorial sea.
4/ Decision No. 305 TC/QĐ/BH dated August 9, 1990 of the Minister of Finance promulgating rules, clauses, and premium schedules for cargo transportation insurance by sea.
5/ Decision No. 142 TC/QĐ/BH dated May 2, 1991 of the Minister of Finance promulgating rules, clauses, and premium schedules for fire and special risk insurance.
6/ Decision No. 256 TC/QĐ/BH dated July 22, 1991 of the Minister of Finance promulgating rules, clauses, and premium schedules for student accidental injury insurance.
7/ Decision No. 391 TC/QĐ/BH dated September 20, 1991 of the Minister of Finance promulgating rules, clauses, and premium schedules for human accident insurance.
8/ Decision No. 504 TC/QĐ/BH dated November 20, 1991 of the Minister of Finance promulgating rules, clauses, and premium schedules for motor vehicle insurance.
9/ Decision No. 09 TC/QĐ/BH dated January 9, 1992 of the Minister of Finance promulgating rules, clauses, and premium schedules for cargo transportation insurance within the territory of Vietnam.
10/ Decision No. 06 TC/QĐ/BH dated January 2, 1993 of the Minister of Finance promulgating rules, clauses, and premium schedules for travel insurance.
11/ Decision No. 466 TC/QĐ/BH dated July 2, 1993 of the Minister of Finance promulgating rules, clauses, and premium schedules for hospitalization and surgical benefit insurance.
12. Decision No. 101 TC/QD/BH dated February 1, 1994 of the Minister of Finance promulgating rules, terms, and rates for credit union deposit insurance for fixed-term deposits.
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