The Insurance Business Law Project (amendments) are developed with the goal of completing the law on insurance business; Handling conflicts, overlaps, shortcomings of insurance business laws with legal documents issued by the National Assembly, ensuring the unity and synchronization of the legal system. Ministry of Finance Ho Duc Phuong presented the report at the meeting. Photo: VGP / Nguyen HoangShan September 13, the National Assembly Standing Committee for the Comments on Insurance Business Law Project (Amendment). At the authorization of the Prime Minister, present the report to this Law , Minister of Finance Ho Duc Pha said the Law Project was built with the goal of completing the law on insurance business; Handling contradictions, overlapping and shortcomings of insurance business laws with legal documents issued by the National Assembly, ensuring the unity and synchronization of the legal system. Strong administrative procedures in insurance business activities combined with comprehensive reform management, specialized inspection and inspection, ensuring the effective implementation of state management and coordination between state management agencies in detecting and handling promptly and strictly violating the law on insurance business; protecting the legitimate rights and interests of investors, customers, safety of both the system, reducing the social costs
. The law of insurance business (amended) consists of 8 chapters, 156 things, clinging close to the purpose, point of directing and concretizing 7 policies to develop a law project approved by the Government in Resolution No. 121 / NQ-CP dated December 31, 2019. Content New amendments, supplements and regulations include: Subjects of application expansion compared to the old Law are mutual organizations providing micro-insurance; amending and supplementing interpretation of words to match the relevant practices and laws; Principles for providing and using amended insurance services to comply with current laws, international practices and international commitments to Vietnam participating (EVFTA, CPTPP); Types of insurance into 3 basic types according to international practices are life insurance, non-life insurance and compulsory health insurance and insurance to reflect the nature of the type of Bao This is the session
Photo: VGP / NGUYEN HOANG ARGANIZED ABOUT THE LAW PROJECT, Permanent Economic Committee approving with the need to amend the Law on Insurance Business as the reasons stated in the Government's report to institutionalize the policy, Party's ways; overcome restrictions and inadequacies after more than 20 years of implementing insurance business law in 2000, ensuring the unity and synchronization of the legal system and compatible with international commitments of Vietnam related to insurance business sector; Development of safety insurance market, transparency, sustainability, efficiency, proximity to international practices, improve competitiveness and with the money market - Credit and stock market become Channels are important for the economy. Only the Economic Committee said that the Law Project Records were prepared by the agency to prepare for elaborate, thoroughly, basically fully and met the provisions of Clause 1 Article 64 Law on issuing legal documents; Qualified submission to the National Assembly to consider, commenting at the second session of the 2nd session, suggesting the application for additional analysis and assessment of gender impacts and gender analysis data in activities Insurance business. The composition of the draft (consists of 8 chapters, 156 articles (amending 81 articles, supplementing 58 things, abolishing 33 articles and retains 17 things compared to the current insurance business law), yes The suggestions need to compromise a number of chapters and items for more reasonable. Detective: Separation of Section 2 Chapter II Template for Life Insurance Contract and item on health insurance agreement to correspond to 2 Type of main insurance; TRANSFER 5 CHAPTER II ON PRECISION LIMITED LIFE - Prevention of Insurance Fraud - Dispute resolution and Section 8 Chapter III on information technology application in insurance business activities 1 Chapter separately because the provisions of these sections have a scope of application with the subjects in insurance business activities. Only the Economic Committee affirms the contents of the draft legislation guidelines and guidelines of the Party, regulations of rape of France in 2013 and are compatible with the relevant international treaties that our country is a member. However, after being passed the Law of the Steering Business Law (amended ) will parallel with many other laws with regulations on the type of compulsory liability insurance; business registration, business registration; competence to approve leadership titles; Organizational model; Order and investment procedures; inspecting and supervising and handling violations; Responsibilities of owners, capital-contributing members, Board of Directors, Supervisory Board ... Therefore, the Economic Committee shall propose a drafting agency to continue to review and compare with relevant laws to Ensure the unity and synchronization of the legal system. Nguyen Hoang
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