Law on Insurance Business

This Law protects the legitimate rights and interests of organizations and individuals participating in insurance, aims to improve insurance business activities and contribute to promoting and maintaining the sustainable socioeconomic development which includes stabilizing the people's life. This Law also enhances the effectiveness of the State management over insurance business activities. 

This Law does not apply to social insurance, health insurance, deposit insurance and other types of insurance, which are provided by the State and do not bear the commercial nature. This Law details general provisions on insurance contracts which include property, person and civil liability contracts and the granting permits for establishment and operations of insurance enterprises. 

Document Details

Document Type: 
Document Topic: 
Doument Author (Entity): 
Authoring Country: 
Originating Country or Trade Block: 
Issue Status: 
Year of Document: 
2000
Date of Document: 
Saturday, December 9, 2000
Document Authors: 
The Socialist Republic of Vietnam
Language (This Document): 
English

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