| THE MINISTRY OF FINANCE ------------------- No. 220/2010/TT-BTC | VIETNAM SOCIALIST REPUBLIC Independence – Freedom - Happiness ----------- Hanoi, December 30, 2010 |
CIRCULAR
GUIDING IMPLEMENTING COMPULSORY FIRE AND EXPLOSION INSURANCE REGIME
Pursuant to the Business Insurance Law No.24/2000/QH10 on December 9, 2000;
Pursuant to the Decree No 35/2003/ND-CP of April 4,2003 of the Government regulated of implementation details of the Fire Prevention and Fighting Law;
Pursuant to the Decree No.130/2006/ND-CP of November 8, 2006 of the Government regulated of the ompulsory fire and explosion insurance regime;
Pursuant to the Decree No.118/2008/ND-CP of November 27, 2008 of the Government regulated of the function, the obligation, the right, and the organization structure of the Ministry of Finance;
The Ministry of Finance directs the implementation of the compulsory fire and explosion insurance regime as follows:
Chapter 1
GENERAL REGULATION
Article 1: The scope of application
This Circular regulates of the compulsory fire and explosion insurance regime on the possession of establishments which is in threat of fire and explosion; the insurance enterprises’ responsibilities, establishments which are obligated to buy the insurance in the implementation of the compulsory fire and explosion insurance regime.
Article 2: Subjects of application
1. The insurance enterprises, the establishments, the organizations, and the individuals own possession which is in threat of fire and explosion as defined in the Appendix 1 of the Decree No 35/2003/ND-CP of April 4, 2003 of the Government on the implementation details in accordance with the law of fire prevention and fighting (commonly called as the Decree No.35/2003/ND-CP), are obligated to obey all articles of this Circular and other articles of any related law.
2. In case that offices, organizations, and the individuals owning establishments which are in threat of fire and explosion as defined at the Appendix 1 of the Decree No.35/2003/ND-CP, must assure to obey obligated fee levels when the threat of fire and explosion occurs in accordance with the board of fee levels in the Appendix 13 of this Circular.
