Law on insurance business 2000
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- Vietnam: When shall an insurance contract become null and void?
- 10:44, 09/01/2003
- The Law on insurance business 2000 of Vietnam was issued on December 09, 2000, consisting of 9 chapters and 129 articles. One of the notable contents of this document is the regulation on cases in which an insurance contract shall become null and void.
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- Vietnam: Rights and obligations of the insurance buyers
- 10:35, 02/04/2002
- Insurance buyers are organizations or individuals that enter into insurance contracts with insurance enterprises and pay premiums. An insurance buyer may also be concurrently the insured or the beneficiary.
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- General regulations on insurance contracts according to the Law on insurance business 2000 of Vietnam
- 10:20, 02/04/2002
- According to Vietnam’s regulations, an insurance contract is the agreement reached between the insurance buyer and an insurance enterprise whereby the insurance buyer shall have to pay premiums while the insurance enterprise shall have to pay insurance money to the beneficiary or the indemnity to the insured upon the occurrence of the insured event.
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- Types of insurance operation according to Vietnam’s current regulations
- 10:07, 25/01/2002
- The Law on insurance business 2000 of Vietnam shall govern the organization and operation of insurance business and define the rights and obligations of organizations as well as individuals participating in insurance.
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- Competing for customers by means of obstructing, inducing, buying off or intimidating employees or customers is strictly prohibited in Vietnam
- 10:30, 30/12/2001
- In Vietnam, insurance enterprises, insurance agents and insurance brokerage enterprises may engage in cooperation and lawful competition in insurance business.
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