THE MINISTRY OF FINANCE
Circular No. 101/2012/TT-BTC of June 20, 2012, providing some financial issues related to insurers and re-insurers implementing pilot agricultural insurance under the Prime Minister’s Decision No. 315/QD-TTg of March 1, 2011, on pilot agricultural insurance during 2011-2013
Pursuant to the 2000 Law on Insurance Business, the Law Amending and Supplementing a Number of Articles of the Law on Insurance Business, and their guiding documents;
Pursuant to the Government’s Decree No. 118/2008/ND-CP of November 27, 2008, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
Pursuant to the Prime Minister’s Decision No. 315/QD-TTg of March 1, 2011, on pilot agricultural insurance during 2011-2013;
At the proposal of the director of the Insurance Management and Supervision Department,
The Minister of Finance promulgates the Circular to provide some financial issues related to insurers and re-insurers selected to implement pilot agricultural insurance under the Prime Minister’s Decision No. 315/QD-TTg of March 1, 2011, on pilot agricultural insurance during 2011-2013 (Decision No. 315/QD-TTg).
Chapter I
GENERAL PROVISIONS
Article 1. Scope of regulation
This Circular provides some financial issues related to insurers and re-insurers implementing pilot agricultural insurance under Decision No. 315/QD-TTg as follows:
1. Making out agricultural insurance premium receipts of insurers;
2. Expenses of insurers and re-insurers participating in pilot agricultural insurance;
3. Accounting revenues from and expenses for pilot agricultural insurance activities of co-insurers;
