Minister of Finance Ho Duc Phuc has just responded to voters’ petitions to consider abolishing the regulation on compulsory attendance. insurance civil liability for motorbikes and motorbikes. Voters believe that insurance should only be encouraged because currently, the procedure for making compensation when an incident occurs is very complicated.
According to the Minister of Finance, the regulation to buy compulsory civil liability insurance for motorbikes and motorbikes is necessary and in accordance with the law, meeting practical needs to protect interests and safety. common society, in line with the general trend in the world.
An accident involving a motorbike – Photo: LDO
On the legal basis, the purchase of compulsory civil liability insurance for motorcycle and motorbike owners is permitted in accordance with the provisions of the Law on Insurance Business and the Law on Road Traffic.
In fact, the Ministry of Finance said that according to statistics, the number of traffic accidents caused by 2-wheelers, mopeds and mopeds accounts for about 70% of the total number of road traffic accidents.
Consequences of traffic accidents have caused damage not only to the victim (in terms of health, life, property) but also to the vehicle owner (compensation payment, business interruption damage, expenses) legal fees), affecting the whole society.
Therefore, in order to promote the role, social significance and humanity of motor vehicle owners’ civil liability insurance, since 1988, the Government has also regulated this type of insurance as a type of insurance. mandatory and in turn issue Decrees related to this issue. The Ministry of Finance said that many countries around the world have also implemented this type of insurance in a mandatory form.
On the basis of summarizing and evaluating the actual implementation over the past time, in order to reduce procedures, strengthen the work of advance payment, settlement of insurance claims and facilitate the implementation of civil liability insurance. of motor vehicle owners, the Government issued Decree No. 03/2021 to replace Decree No. 103/2008, thereby amending and supplementing regulations on compensation advance, reducing compensation documents. , that is the work of settlement of compensation.
According to the Ministry of Finance, Decree No. 03 also clearly stipulates the responsibility of providing insurance claim documents of the parties, and the time limit for compensation payment.
Decree 03 on compulsory insurance of civil liability of motor vehicle owners stipulates that the documents have been simplified, creating favorable conditions for the payment of insurance claims. Accordingly, if the accident is not fatal, the parties do not need to collect documents from the police agency, the enterprise only needs to make a record of assessment to determine the cause and extent of damage before proceeding to pay compensation. Usually with the agreement of the policyholder.
When an accident occurs, within the scope of the insurance liability, the insurance enterprise must indemnify the insured for the amount that the insured has indemnified or will have to compensate the damage sufferer.
Within 3 working days from the date of receiving the notice of the insurance buyer or the insured about the accident, the insurance enterprise must advance compensation for damage to health and life. The advance level is from 10-70% of the insurance liability level as prescribed.