| THE GOVERNMENT ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------ |
| No: 118/2003/ND-CP | Hanoi, October 13, 2003 |
DECREE
PROVIDING FOR THE SANCTIONING OF ADMINISTRATIVE VIOLATIONS IN THE FIELD OF INSURANCE BUSINESS
THE GOVERNMENT
Pursuant to the December 25, 2001 Law on Organization of the Government;
Pursuant to the December 9, 2000 Law on Insurance Business;
Pursuant to the July 2, 2002 Ordinance on Handling of Administrative Violations;
At the proposal of the Minister of Finance,
DECREES:
Chapter I
GENERAL PROVISIONS
Article 1.- Regulation subjects and application scope
1. The sanctioning of administrative violations in the field of insurance business shall apply to individuals, agencies and organizations (hereinafter referred collectively to as individuals and organizations) that intentionally or unintentionally violate the legislation on insurance business activities, which are not crimes and, according to law provisions, must be administratively sanctioned.
