When will the period of compulsory civil liability insurance of motor vehicle owners in Vietnam be less than 1 year?
- When will the period of compulsory civil liability insurance of motor vehicle owners in Vietnam be less than 1 year?
- Vietnam: What are the levels of advance indemnity for damage to health and life?
- What are the applications for claim for compulsory civil liability insurance of motor vehicle owners in Vietnam?
When will the period of compulsory civil liability insurance of motor vehicle owners in Vietnam be less than 1 year?
Pursuant to the provisions of Article 9 of Decree 67/2023/ND-CP stipulates as follows:
Insurance period
1. Period of compulsory civil liability insurance of motor vehicle owners shall be from 1 to 3 years, except for the following cases where insurance period shall be less than 1 year:
a) Foreign motor vehicles which were temporarily imported for re-export participate in traffic within Socialist Republic of Vietnam territory for less than 1 year.
b) Service life of motor vehicles is less than 1 year as per the law.
c) Temporarily registered motor vehicles according to regulations of Ministry of Public Security.
2. In case a motor vehicle owner has multiple vehicles covered by insurance at different times in a specific year and wishes to unify insurance coverage time in the following year in order to manage, insurance period of these vehicles may be less than 1 year and equal to remaining effective period of the first insurance policy concluded in that year. For policies and certificates of insurance which have been unified in terms of coverage time, insurance period of the following year shall conform to Clause 1 of this Article.
3. In case a vehicle title transfer takes place within the effective period specified on a certificate of insurance, the former motor vehicle owner has the power to terminate the policy as prescribed in Article 11 hereof.
According to the above regulations, the period of compulsory civil liability insurance of motor vehicle owners is less than 1 year in the case of:
- Foreign motor vehicles which were temporarily imported for re-export participate in traffic within Socialist Republic of Vietnam territory for less than 1 year.
- Service life of motor vehicles is less than 1 year as per the law.
- Temporarily registered motor vehicles according to regulations of Ministry of Public Security.
When will the period of compulsory civil liability insurance of motor vehicle owners in Vietnam be less than 1 year? (Image from the Internet)
Vietnam: What are the levels of advance indemnity for damage to health and life?
Pursuant to the provisions of Clause 3, Article 12 of Decree 67/2023/ND-CP, within 3 working days after being notified by the policyholder or the insured about the accident, the insurer must provide advance indemnity for damage to health and life, to be specific:
- In case the accident has been identified to be covered by insurance:
70% of estimated indemnity per person in case of fatalities.
50% of estimated indemnity per person in case of bodily injuries.
- In case the accident has not been identified to be covered by insurance:
30% of the maximum coverage per person in case of fatalities and estimated whole person impairment (WPI) of 81% or more.
10% of the maximum coverage per person in case of estimated WPI of from 31% to less than 81%.
After providing advance indemnity, insurers may request MVIF to reimburse the advance payment if the accident is an insurance exclusion or not covered by insurance.
What are the applications for claim for compulsory civil liability insurance of motor vehicle owners in Vietnam?
Pursuant to Article 13 of Decree 67/2023/ND-CP stipulating applications for claim for compulsory civil liability insurance of motor vehicle owners shall compose of the following documents:
(1) Claim forms.
(2) Documents related to motor vehicles, vehicle operators (certified true copies or copies bearing confirmation of insurers after being compared with originals or photocopies)
- Vehicle registration certificates (or certified true copies and valid original receipts of credit institutions substituting for original vehicle registration certificates during the period in which the credit institutions hold original vehicle registration certificates) or proofs of vehicle title transfer and proofs of vehicle origins (in case vehicle registration certificates are not available).
- Driving licenses.
- ID cards, Citizen Identity Cards, passports or other personal documents of vehicle operators.
- Certificates of insurance.
(3) Documents proving damage to life and/or health (copies of health facilities or copies bearing confirmation of insurers after being compared with originals or photocopies). Depending on the extent of damage to life, one or some documents below may be included:
- Written proof of injury.
- Medical records.
- Excerpts of death certificates, death notices, written confirmation of police authorities or assessment results of forensic examining bodies in case victims decease while mounting vehicles or decease due to accidents.
(4) Documents proving property damage:
- Valid invoices and instruments or evidence proving repair and/or replacement of property damaged due to accidents (in case insurers repair and remediate the damage, the insurers are responsible for collecting such documents).
- Documents, invoices and instruments related to additional expenses incurred by motor vehicle owners to reduce the damage or follow instructions of insurers.
(5) Copies of relevant documents of police authorities collected by insurers in fatal accidents for third party and passengers or accidents required to be verified that they are solely caused by third party, including: notice of traffic accident investigation, verification, resolution results or notice of accident investigation and resolution results.
(6) Assessment records of insurers or persons authorized by insurers.
(7) Judicial decisions (if any).
Policyholders and the insured shall collect and submit the documents prescribed in Clauses 1, 2, 3, 4 and 7 of this Article. Insurers shall collect the documents prescribed in Clauses 5 and 6 of this Article.
Thus, the applications for claim for compulsory civil liability insurance of motor vehicle owners includes the above documents.
LawNet