Decree 214/2013/nd-Cp: Modifying, Supplementing A Number Of Articles Of Decree No. 103/2008/nd-Cp Dated 16 September 2008 By The Government On Compulsory Insurance Of Civil Liability Of Owners Of Motor Vehicles

Original Language Title: Nghị định 214/2013/NĐ-CP: Sửa đổi, bổ sung một số điều của Nghị định số 103/2008/NĐ-CP ngày 16 tháng 9 năm 2008 của Chính phủ về bảo hiểm bắt buộc trách nhiệm dân sự của chủ xe cơ giới

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DECREE amending and supplementing a number of articles of Decree No. 103/2008/ND-CP dated 16 September 2008 by the Government on compulsory insurance of civil liability of owners of motor vehicles _ _ _ _ _ _ _ _ _ _ _ _ _ _ based on Government Organization Law of 25 December 2001;
Pursuant to the law on insurance business 12 December 2000 and the law on amendments and supplements to some articles of the law on insurance business, November 24, 2010;
According to the recommendation of the Minister of finance;
The Government issued the decree amending and supplementing a number of articles of Decree No. 103/2008/ND-CP dated 16 September 2008 by the Government on compulsory insurance of civil liability of owners of motor vehicles, article 1. Modifying, supplementing a number of articles of Decree No. 103/2008/ND-CP dated 16 September 2008 by the Government on compulsory insurance of civil liability of owners of motor vehicles are as follows: 1. Amend item 2 article 4 as follows: "2. The insurer is responsible to extract 1% of the turnover of free compulsory insurance of civil liability of owners of motor vehicles every year to close on Fund motor vehicle insurance ".
2. Amend Paragraph 9 article 20 the following: "9. Quote 1% of the turnover of free compulsory insurance of civil liability of owners of motor vehicles annually contribute to motor vehicle insurance Fund."
3. Amend Paragraph 5 article 21 as follows: "issue management, use, payment and settlement of motor vehicle insurance Fund." 2. Effective enforcement of this Decree has effect from the date of Feb. 10, 2014.
Article 3. Responsible for implementation 1. The Ministry of Finance shall guide the implementation of this Decree.
2. Ministers, heads of ministerial agencies, heads of government agencies, the Chairman of the provincial people's Committee, central cities and organizations, individuals responsible for the implementation of this Decree.

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