Liability Insurance Limits of Mandatory Civil Liability Insurance for Motor Vehicle Owners
Based on Article 8 of Decree 03/2021/ND-CP (Effective from March 1, 2021), the insurance liability limit is specified as follows:
- The insurance liability limit is the maximum amount that the insurer may be required to pay for damage to the health, life, and property of third parties and passengers caused by motor vehicles in each accident occurring within the scope of indemnification.
- The financial regulation defines the insurance liability limits for compulsory civil liability insurance of motor vehicle owners.
Respectfully!
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