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Legal Document
Title: Decision on Maintaining Insurance Reserve and Debt Repayment no. 3059/MoF, dated 27 September 2018
Type: Decision
Responsible Agency: Ministry of Finance
Issuing Date: 2019-04-08
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This Decision sets forth the criteria for maintaining the insurance reserve to comply with international standards, to ensure the reserves are sufficient and consistent with business conditions, to prescribe the conditions of repayment capacity by the insurance company in accordance with international payment standards, to protect the benefits of insurance buyers by obtaining enough excess of assets to compensate for the damages resulted from the insurance contract, and to compose the fines and measures for violators under this decision.





Download Lao:Decision on Maintaining Insurance Reserve and Debt Repayment no. 3059/MoF, dated 27 September 2018