THE MINISTRY OF FINANCE
Circular No. 96/2013/TT-BTC dated July 23, 2012 of the Ministry of Finance amending and supplementing the Circular No. 121/2011/TT-BTC dated August 17, 2011 of the Ministry of Finance guiding a number of articles of the Decision No. 315/QD-TTG dated March 01, 2011 of the Prime Minister on the pilot provision of agricultural insurance during 2011- 2013 and the Circular No. 101/2012/TT-BTC dated June 20, 2012 stipulating some issues on finance for insurance enterprises, reinsurance enterprises implementing pilot of agricultural insurance under the Decision No. 315/QD-TTG dated March 01, 2011 of the Prime Minister on the pilot provision of agricultural insurance during 2011- 2013
Pursuant to the Law on Insurance Business No. 24/2000/QH10 dated December 09, 2010 and the Law No. 61/2010/QH12 dated December 06, 2011 of the National Assembly amending and supplementing a number of articles of the Law on Insurance Business and other guiding documents;
Pursuant to the Government’s Decree No. 118/2008/ND-CP, dated November 27, 2008 defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
Pursuant to the Decision No. 315/QD-TTg, of March 01, 2011 of the Prime Minister on implementing the pilot provision of agricultural insurance during 2011- 2013;the Decision No. 358/QD-TTg dated February 27, 2011 of the Prime Minister on amending and supplementing some of articles of the Decision No. 315/QD-TTG dated March 01, 2011 of the Prime Minister on the pilot implementation of 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 amending and supplementing the Circular No. 121/2011/TT-BTC dated August 17, 2011 of the Ministry of Finance guiding a number of articles of the Decision No. 315/QD-TTG dated March 01, 2011 of the Prime Minister on the pilot provision of agricultural insurance during 2011- 2013 (hereinafter as the Circular No.121/2011/TT-BTC) and the Circular No. 101/2012/TT-BTC dated June 20, 2012 stipulating some issues on finance for insurance enterprises, reinsurance enterprises implementing pilot of agricultural insurance under the Decision No. 315/QD-TTG dated March 01, 2011 of the Prime Minister on the pilot provision of agricultural insurance during 2011- 2013 (hereinafter as the Circular No. 101/2012/TT-BTC).
Article 1. To amend and supplement Point a, Clause 1, Article 11 of the Circular No. 121/2011/TT-BTC as follows:
“a. For sale expense, management expense, insurance commission, support expense and remuneration for local authorities to implement pilot agricultural insurance, insurers may use no more than 35% of rice and livestock insurance premium revenues (including premium amount supported by the state budget and premium amount paid by the insurance buyer); For aquaculture insurance, insurers may use not exceeding 25% of aquaculture insurance premium revenues (including premium amount supported by the state budget and
