Headlines 14/12/2022 14:07 CH

New regulation of Vietnam on domestic and foreign insurance training institutions

Minh Hân

On November 16, 2022, the Minister of Finance of Vietnam promulgated Circular No. 69/2022/TT-BTC on guidelines on insurance certificates, insurance agent certificates, insurance brokerage certificates, and certificates of insurance auxiliary services.

According to the Circular, regulations on domestic and foreign insurance training institutions are as follows:

- Domestic insurance training institutions include:

+ Training institutions established by state agencies: Institutes, academies, and universities.

+ Training institutions of or affiliated with units established by state agencies.

+ Other training institutions with legal status legally established for operations in Vietnam.

- Foreign insurance training institutions include:

+ Training institutions of or affiliated with insurance management and supervision agencies; or training institutions authorized by insurance management and supervision agencies to provide training and issue certificates in the insurance sector.

+ The ASEAN Insurance Training and Research Institute (AITRI); the Society of Actuaries, which is an official member of the international Society of Actuaries.

+ Training institutions of nations that have mutual recognition agreements on insurance certificates with Vietnam.

+ Training institutions of foreign insurers and foreign reinsurers.

+ Other international training institutions, such as IIC, IRM, RMIA, etc.
See more details in Circular No. 69/2022/TT-BTC, which comes into force as of January 1, 2023 and replaces Circular No. 125/2018/TT-BTC and Circular No. 65/2019/TT-BTC.

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Above are the summary and notification of new documents for customers of THU VIEN PHAP LUAT. For more information, please send an email to info@thuvienphapluat.vn.

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