The form of Certificate of compulsory civil liability insurance of motor vehicle users (hereinafter referred to as “certificate of insurance”) in electronic version is designed by the insurance business, provided that the content must be ensured according to the new regulations from March 1, 2021.
Article table of contents
Electronic certificate of insurance is a completely new content specified in the new Decree No. 03/2021/ND-CP that currently Decree No. 103/2008/ND-CP and Decree No. 214/2013/ND-CP do not mention. According to the new Decree No. 03/2021/ND-CP of the Vietnam Government, upon purchasing compulsory civil liability insurance of motor vehicle users, motor vehicle users shall be issued with certificates of insurance by insurance enterprises after having adequately paid insurance premiums or agreed with the insurance enterprises on deadline for paying insurance premiums according to Ministry of Finance of Vietnam.
When issuing an electronic certificate of insurance, the insurance enterprise must comply with regulations of the Law on E-transactions of Vietnam, Decree No. 52/2013/NĐ-CP and Decree No. 130/2018/NĐ-CP of the Government of Vietnam. Concurrently, an electronic certificate of insurance must comply with the current provisions and include following details:
- Name, address and phone number (if any) of motor vehicle users.
- License plate or chassis number, engine number.
- Type of vehicle, payload, number of seats and use purpose in case of automobiles.
- Name, address and hotline number of insurance enterprises.
- Civil insurance liabilities for third party and passengers.
- Responsibilities of motor vehicle users and operators in case of accidents.
- Insurance duration, insurance premiums and payment deadline of insurance premiums.
- Date of issue of certificates of insurance.
- Number code and barcode registered, managed and used according to Ministry of Science and Technology of Vietnam to enable storage, transmission and extraction of ID information of insurance enterprises and basic contents of certificates of insurance.
Duration and effect of insurance specified on certificates of insurance:
- For motorcycles, motorized tricycles, mopeds (including electric mopeds) and similar vehicles: the minimum insurance duration is 1 year and the maximum insurance duration is 3 years.
- For remaining motor vehicles, the minimum insurance duration is 1 year and the maximum insurance duration shall conform to a valid period of periodic technical safety and environmental protection inspection which has more than 1 year of valid period.
- Foreign motor vehicles which temporarily import for re-export participate in traffic within Socialist Republic of Vietnam territory for less than 1 year; service life of motor vehicles is less than 1 year as per the law; temporarily registered motor vehicles: insurance duration shall be less than 1 year.
- In case motor vehicle users who have multiple vehicles participating in insurance at different times in a year wish to unify insurance participation time in the following year, insurance duration of these vehicles may be less than 1 year and equal to the remaining valid period of the first contract concluded in that year.
In case shift in ownership of motor vehicles takes place within the duration specified on certificates of insurance, all insurance benefits related to civil responsibilities of the former motor vehicle users shall remain valid for the new motor vehicle users.
Thus, from March 1, 2021, people can use the electronic certificate of insurance when participating in traffic without having to have a paper as current.
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Hai Thanh
- Key word:
- Decree No. 03/2021/ND-CP
