This is one of the notable contents of the Decree No. 03/2021/NĐ-CP on compulsory civil liability insurance of motor vehicle users issued on January 15, 2021, replaces the Decree No. 103/2008/NĐ-CP of the Government of Vietnam.
Article table of contents
Specifically, according to the Decree No. 03/2021/NĐ-CP of the Vietnam Government, Insurance enterprises shall not compensate for following cases:
(1) Damage done intentionally by motor vehicle users, motor vehicle operators or victims of the accidents.
(2) Vehicle operators intentionally fleeing the scene after committing accidents without exercising civil responsibilities of motor vehicle users. Vehicle operators intentionally fleeing the scene after committing accidents and exercising civil responsibilities of motor vehicle users shall not be included under insurance exclusion.
(3) Operators who are not within adequate age range to operate motor vehicles as per road traffic laws; operators who do not carry legitimate, proper driving license (driving license with template number at the back inconsistent with the latest template number in information system for managing driving license) issued by competent authorities at the time of accidents or carry inappropriate driving license when operating motor vehicles which require specific driving license. In case driving license of operators are revoked or suspended, the operators are considered to be not carrying driving license.
(4) Damage that causes indirect consequences including: reduced commercial value, damage related to use and utilization of damaged assets.
(5) Damage to assets caused by operators who have alcohol in breath or blood, or use narcotics or other prohibited stimulants as per the law.
(6) Damage to assets which are lost or stolen as a result of the accidents.
(7) Damage to special assets including: gold, silver, precious stones, financial instruments namely money, antiques, precious fine arts, and cadavers.
(8) War, acts of terrorism, earthquake.
Thus, from March 01, 2021, in addition to the cases specified previously in the Decree No. 103/2008/NĐ-CP, in the near future, other cases such as underage drivers or over the age limit for motor vehicle operation as prescribed by law on road traffic, drivers who operate vehicles with alcohol in their blood or breath, using drugs and stimulants prohibited by law, will not be compensated by the insurance company.
More details at the Decree No. 03/2021/NĐ-CP of the Vietnam Government, takes effect from March 01, 2021.
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- Decree No. 03/2021/NĐ-CP
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