| THE MINISTRY OF FINANCE ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------ |
| No: 23/2003/QD-BTC | Hanoi, February 25, 2003 |
DECISION
PROMULGATING THE REGULATION, PREMIUM TABLE AND COMPULSORILY INSURED LIABILITY LEVELS FOR MOTORIZED VEHICLE OWNERS’ CIVIL LIABILITY
THE MINISTER OF FINANCE
Pursuant to the October 28, 1995 Civil Code;
Pursuant to December 9, 2000 Insurance Business Law No. 24/2000/QH10;
Pursuant to the Government’s Decree No. 178/CP of October 28, 1994 defining the functions, tasks, powers and organizational apparatus of the Ministry of Finance;
Pursuant to the Government’s Decree No. 115/1997/ND-CP of December 17, 1997 on the regime of compulsory insurance for motorized vehicle owners’ civil liability;
Pursuant to the Government’s Resolution No. 13/2002/NQ-CP of November 19, 2002 on measures to check the rise in, and proceed to reduce, traffic accidents and congestion;
At the proposal of the director of the Department for Finance of Banks and Financial Institutions,
DECIDES:
Article 1.- To promulgate together with this Decision the Regulation, premium table and compulsorily insured liability levels for motorized vehicle owners’ civil liability.
