Decree 174/2024/ND-CP on xem bóng đá trực tiếp vtv2 regulations for sanctioning administrative violations in xem bóng đá trực tiếp vtv2 field of insurance business in Vietnam
Has xem bóng đá trực tiếp vtv2 Decree 174/2024/ND-CP on xem bóng đá trực tiếp vtv2 regulations for sanctioning administrative violations in xem bóng đá trực tiếp vtv2 field of insurance business in Vietnam been issued yet?
On December 30, 2024, xem bóng đá trực tiếp vtv2 Government of Vietnam issuedNghị định 174/2024/NĐ-CPstipulating administrative violations, completed administrative violations, and ongoing administrative violations; forms of penalties, penalty levels, and remedial measures for each administrative violation; subjects to be sanctioned; sanctioning authority, specific fines according to each title, and xem bóng đá trực tiếp vtv2 authority to make records of administrative violations in xem bóng đá trực tiếp vtv2 field of insurance business.
Administrative violations in other fields related to xem bóng đá trực tiếp vtv2 insurance business not specified inNghị định 174/2024/NĐ-CPare to be handled according to xem bóng đá trực tiếp vtv2 provisions of those documents.
Nghị định 174/2024/NĐ-CPshall come into effect from February 15, 2025.
Decree 174/2024/ND-CP on xem bóng đá trực tiếp vtv2 regulations for sanctioning administrative violations in xem bóng đá trực tiếp vtv2 field of insurance business in Vietnam (Image from xem bóng đá trực tiếp vtv2 Internet)
What are xem bóng đá trực tiếp vtv2 forms of penalties and remedial measures in xem bóng đá trực tiếp vtv2 field of insurance business in Vietnam?
Based on Article 3 ofDecree 174/2024/ND-CPstipulating forms of penalties and remedial measures:
Article 3. Forms of Penalties and Remedial Measures
- For each administrative violation in xem bóng đá trực tiếp vtv2 field of insurance business, organizations and individuals are subjected to xem bóng đá trực tiếp vtv2 principal form of penalty, which is a fine.
- A warning applies to individuals aged between 14 and under 16 who commit violations as specified in this Decree.
- Monetary fines for individuals and organizations:
a) xem bóng đá trực tiếp vtv2 level of monetary fines for administrative violations outlined in this Decree is xem bóng đá trực tiếp vtv2 level for individuals, except for cases specified in Article 9, Article 10, Clause 2 of Article 11, Article 12, Article 14, Clause 2 of Article 15, Article 16, Clause 2 of Article 18, Article 20, Article 21, Clause 2 of Article 22, Article 24, Article 25, point b, point c Clause 1 and point c Clause 2 of Article 27, Article 28, Article 33, Clause 1 Article 38, Article 40 of this Decree which only apply to organizations;
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xem bóng đá trực tiếp vtv2 principal form of penalty for each administrative violation in xem bóng đá trực tiếp vtv2 field of insurance business is a fine.
A warning applies to individuals aged between 14 and under 16 who commit administrative violations in xem bóng đá trực tiếp vtv2 field of insurance business. Additional form of penalty: Temporary suspension of operation.
Additionally, xem bóng đá trực tiếp vtv2 following remedial measures are enforced:
- Required to restore xem bóng đá trực tiếp vtv2 original condition.
- Required to publish or publish conformably or notify or required to correct information;
- Required actuaries to perform their duties fully in accordance with xem bóng đá trực tiếp vtv2 law; required insurers, reinsurance enterprises, foreign branches in Vietnam, and mutual organizations providing microinsurance to use actuaries to perform duties fully in accordance with xem bóng đá trực tiếp vtv2 law;
- Required to provide policyholders with documents during xem bóng đá trực tiếp vtv2 conclusion of insurance contracts that have not expired at xem bóng đá trực tiếp vtv2 time xem bóng đá trực tiếp vtv2 violation is detected;
- Required to clearly and fully explain to policyholders about insurance benefits, exclusion clauses, rights, and obligations of policyholders of insurance contracts that have not expired at xem bóng đá trực tiếp vtv2 time xem bóng đá trực tiếp vtv2 violation is detected;
- Required to provide policyholders with proof of conclusion of insurance contracts that have not expired at xem bóng đá trực tiếp vtv2 time xem bóng đá trực tiếp vtv2 violation is detected;
- Required to notify xem bóng đá trực tiếp vtv2 Ministry of Finance about xem bóng đá trực tiếp vtv2 provision of services and insurance products in xem bóng đá trực tiếp vtv2 online environment;
- Required to conform with xem bóng đá trực tiếp vtv2 law;
- Required to cease using individuals directly performing insurance brokerage activities, insurance agents;
- Required to submit xem bóng đá trực tiếp vtv2 License for establishment and operation or License for establishing foreign representative offices in Vietnam;
- Required to return xem bóng đá trực tiếp vtv2 appropriated money.
What are xem bóng đá trực tiếp vtv2 prohibited acts in insurance business in Vietnam?
Based on Article 9 ofInsurance Business Law 2022, prohibited acts in insurance business include:
- Conducting insurance business, reinsurance business, reinsurance cession, and insurance brokerage without an establishment and operation license.
- Conducting insurance business, reinsurance business, reinsurance cession, and insurance brokerage activities that are beyond xem bóng đá trực tiếp vtv2 scope of xem bóng đá trực tiếp vtv2 granted license.
- Insurance agency activities, ancillary insurance service activities that do not meet xem bóng đá trực tiếp vtv2 operational conditions as stipulated by law.
- Engaging in fraudulent acts including:
+ Colluding with beneficiaries to settle claims and pay insurance money unlawfully;
+ Forging documents, deliberately falsifying information in claim dossiers and insurance payment requests;
+ Forging documents, deliberately falsifying information to deny claims and insurance payments when an insurance event has occurred;
+ Intentionally causing harm to one's own property and health to receive insurance benefits.
- Threatening, coercing to enter into insurance contracts.
