Compulsory fire insurance Oriental medicine

No.: 130/2006/ND-CP stipulates compulsory fire insurance

This Decree regulates the regime compulsory fire insurance for the property of the base there is danger of fire or explosion; the liability of the insurer, the facility to purchase fire insurance, compulsory in the implementation modes of fire insurance, compulsory Oriental medicine

This Decree shall apply to:

1. Bodies, organizations and individuals are the basis of the danger of fires prescribed in Appendix 1 of Decree 35/2003/ND-CP dated April 4th in 2003 detailing the Government’s implementation of some articles of the law on fire and fire.
2. The insurer is allowed to fire insurance business, compulsory under the provisions of the law.


Agencies, organizations, individuals subject to compulsory fire insurance, have to buy insurance in the insurance business are business fire insurance, compulsory Oriental medicine operating in Vietnam Since fires are dangerous.

2. the State encourages the agencies, organizations and individuals not subject to compulsory fire insurance, Oriental medicine prescribed in this Decree buy fire insurance, explosion on a voluntary basis and in accordance with the legal provisions related.

The amount of fire insurance, compulsory minimum

The amount of fire insurance, compulsory minimum value calculated into money according to the market value of the property must join compulsory fire insurance, at the time of the insured. The case does not determine the market value of the property, the amount of fire insurance, compulsory by the parties to the agreement

The property must join compulsory fire insurance, including:
1. The home, buildings and equipment;
2. Machines and equipment;
3. Types of goods, supplies and other assets.

The property on the insured when the value of the property to calculate the amount and be recorded in the contract of insurance.

1. The insurer’s business is The licensing financial establishment and operations of insurance casualty.
2. The buyer’s insurance agencies, organizations and individuals to own or manage or use the basis of the danger of fire, explosion and was named in the certificate of insurance

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