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Law on business insurance
Law on business insurance
04 main changes in Circular 50/2022/TT-BTC on compulsory insurance in construction investment activities
On August 11, 2022, the Ministry of Finance issued Circular 50/2022/TT-BTC guiding some articles of Decrees 119/2015/CP & 20/2022/CP on compulsory construction insurance in construction activities that officially becomes effective from 1st October 2022 & replace current Circular 329/2016/TT-BTC with
Law on business insurance
04 main changes in Circular 50/2022/TT-BTC on compulsory insurance in construction investment activities
On August 11, 2022, the Ministry of Finance issued Circular 50/2022/TT-BTC guiding some articles of Decrees 119/2015/CP & 20/2022/CP on compulsory construction insurance in construction activities that officially becomes effective from 1st October 2022 & replace current Circular 329/2016/TT-BTC with
Law on business insurance
A “BOOST” TO DEVELOPMENT OF THE INSURANCE MARKET
On June 16, 2022, the 3rd meeting of the 15th National Assembly ratified the Law on Insurance Business 2022 which replaces the Law on Insurance Business 2000 (incl. its amendments in 2010 and 2019). The Law on Insurance Business 2022 will take effect on January 1, 2023.
Law on business insurance
Stricter rules on “Online” insurance in China
The China Banking and Insurance Regulatory Commission (“CBIRC”) issued Rules on Internet Insurance Business (“Rules”), which took effect on February 1st, 2021, to effectively defuse the risks and protect the consumers’ interest in the online platform....
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