Change of Conditions for Insurance Agencies

09:42, 11/07/2024

This is the newly supplemented content stipulated in Circular 130/2015/TT-BTC amending and supplementing Circular 115/2013/TT-BTC dated August 20, 2013, of the Ministry of Finance guiding voluntary pension insurance and pension fund.

Conditions for Insurance Agents are as follows:

1. To implement retirement insurance products, the insurer may only use insurance agents who meet the following conditions:

- Hold an insurance agent certificate issued by a training institution approved by the Ministry of Finance;- Do not violate the insurer's professional ethics rules during their agency practice;- Have been trained and certified by the insurer as having completed the voluntary retirement insurance product training course.

2. The insurance enterprise is responsible for any damages or losses caused by its agents’ activities according to the agreement in the insurance agency contract.

Details can be found in Circular 130/2015/TT-BTC, effective from October 10, 2015, amending and supplementing Circular 115/2013/TT-BTC.

- Ngoc Duyen -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn