Government Report On Insurance Business Law Project (amended)

Recently, the Government has a report No. 341 / TTR-CP to send the National Assembly to the Insurance Business Law Project (amended), replacing the Report No. 307 / TTR-CP on August 26, 2021 earlier . (Artwork) According to the Insurance Business Law Project (amended) the Government plans to submit to the National Assembly and objectives to build a law project to improve the legal provisions 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. Also, the construction Building a Project of Insurance Business Law (Amendment) also towards strong reforms 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 the whole system, reducing the social costs

. Thao Thao Insurance Business (Amendment) basically keep the layout Current law, including 8 chapters, 156 things. Compared to the current insurance business law, the draft amendments to 81 things, supplementing 58 things, abolishing 33 articles and retains 17 things. In that, 17 things remain the same as the reality, like Regulations on assessment of losses, losses due to natural wear or inherent nature of assets, compensation forms, compensation methods .. 81 Article modifications to suit practices and solve Encikings in the past time, or in accordance with the relevant legal system, focusing mainly in Chapter II - Insurance contracts, and some other chapters (insurance enterprises, financial regimes Main, accounting, insurance agents, insurance brokers, state management) .58 The additional articles include problems with problems in practice but not yet ground for resolution and regulations Presented in the current laws but the actual existing or international practices have and issues that have been specified in under-law and stable documents, are now supplemented with the Legal. Mandarin The mind can see the full text of the Insurance Business Law Project (revised) here.vnF

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