The Decree 68/2014/nd-Cp: Modifying, Supplementing A Number Of Articles Of Decree No. 45/2007/nd-Cp Dated 27 March 2007 Detailing The Government's Implementation Of Some Articles Of The Law On Insurance Business

Original Language Title: Nghị định 68/2014/NĐ-CP: Sửa đổi, bổ sung một số điều của Nghị định số 45/2007/NĐ-CP ngày 27 tháng 3 năm 2007 của Chính phủ quy định chi tiết thi hành một số điều của Luật Kinh doanh bảo hiểm

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THE GOVERNMENT.
Number: 68 /2014/ND-CP
THE SOCIALIST REPUBLIC OF VIETNAM.
Independence-Freedom-Happiness
Hanoi, July 9, 2014

DECREE

Modify, add some of the provisions of the Digital Protocol 45 /2007/NĐ-CP

March 27, 2007 by the Government Regulation

some of the rules of the Insurance Business Law

________________

Government Law Base December 25, 2001;

The amended Law Base, added some of the provisions of the Insurance Business Law November 24, 2010;

At the suggestion of the Minister of Finance,

The government issued the revised decree, adding some of the provisions of the Protocol. 45 /2007/NĐ-CP March 27, 2007 of the Government rules the details of some of the provisions of the Secured Business Law,

What? 1. Modified, add some of the provisions of the Digital Protocol 45 /2007/NĐ-CP March 27, 2007 of the Government rules the implementation of some of the provisions of the Insurance Business Law as follows:

" What? 4. Career and insurance products

1. Non-life insurance consists of a set of rules in paragraph 3 Article 1 of the amended Law, which adds some of the provisions of the Insurance Business Law and the insurance business. The insurance insurance is the insurance business under which the insurance business, the non-human life insurance business branch, accepts the risk of the insured, on the basis of the insured to pay the insurance to the insurance business, The non-foreign life insurance business branch does the obligation to replace the bail if it comes to the deadline by which the bail is not implemented or done is not in the right obligation. The bail is required to receive debt and reimbursate to the insurance business, the foreign-life insurance business branch, under the insurance contract. Parties may also be agreed upon by the insurance business, the non-foreign-life insurance business branch that only has to do the obligation when the bail is not capable of carrying out its obligations ".

What? 2. Effect of execution

This decree has been in effect since 25 August 2014.

What? 3. Organization Responsibility

1. The Ministry of Finance directed this decree.

2. Ministers, peer-to-peer agencies, Head of the Government of the Government, Chairman of the Provincial Committee of the Provincial People, the Central City of the Central Committee and the organizations, the individual involved in the execution of this decree ./.

TM. THE GOVERNMENT.

Prime Minister

(signed)

Dao Dung