Notaries must purchase professional liability insurance

Article 37 of the Law on Notarization 2014 stipulates:

The professional liability insurance for notaries is a mandatory type of insurance. The purchase of professional liability insurance for notaries must be maintained throughout the operational period of the notary practice organization.

Notary practice organizations are obliged to purchase professional liability insurance for notaries practicing in their organization.

Clause 1, Article 22 of Decree 29/2015/ND-CP also stipulates:

The insurance premium is the amount that the notary practice organization must pay to the insurer when purchasing professional liability insurance for the notaries within their organization.

Thus, notaries are not required to purchase professional liability insurance by themselves. This responsibility belongs to the notary practice organization. The payment of insurance premiums is also the responsibility of the notary practice organization. Therefore, notaries do not need to purchase or pay the premiums for this professional liability insurance themselves.

Respectfully!