Principles of Participation in Mandatory Civil Liability Insurance for Motor Vehicle Owners

Based on Article 4 of Decree 03/2021/ND-CP (Effective from March 1, 2021), the principles of insurance participation are stipulated as follows:

- The insurance enterprise and policyholder implement the Mandatory Civil Liability Insurance of Motor Vehicle Owners according to the conditions, insurance premiums, and insurance liability levels stipulated in this Decree.

- For each motor vehicle, the liability for compensation under the Mandatory Civil Liability Insurance of Motor Vehicle Owners only arises according to a single insurance contract.

- In addition to participating in the mandatory civil liability insurance contract of motor vehicle owners according to the conditions, insurance premiums, and insurance liability levels stipulated in this Decree, the motor vehicle owner and the insurer may agree in the insurance contract to expand the insurance conditions, increase the insurance liability levels, and the corresponding supplementary insurance premiums. In this case, the insurer is responsible for separating the mandatory civil liability insurance of motor vehicle owners in the Insurance Certificate.

Respectfully!