THE MINISTRY OF FINANCE
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom – Happiness
Ha noi, January 16th, 2004
ISSUING THE RULES AND BRACKET OF INSURANCE INDEMNITIES FOR LABORERS IN CONSTRUCTION AND INSTALLATION ENTERPRISES
THE MINISTER OF FINANCE
Pursuant to Law No. 24/2000/QH10 of December 9, 2000 on Insurance Business;
Pursuant to the Government’s Decree No. 42/2001/ND-CP of August 1, 2001 detailing the implementation of a number of articles of the Law on Insurance Business;
Pursuant to the Government’s Decree No. 77/2003/ND-CP of August 1, 2003 prescribing the functions, tasks, powers and organizational structure of the Ministry of Finance;
Pursuant to the Government’s Decree No. 52/1999/ND-CP of July 8, 1999 promulgating the Regulation on Construction and Investment Management;
Pursuant to the Government’s Decree No. 07/2003/ND-CP of January 30, 2003 amending and supplementing the Government’s Decree No. 52/1999/ND-CP of July 8, 1999 promulgating the Regulation on Construction and Investment Management;
Pursuant to the Finance Ministry’s Circular No. 76/2003/TT-BTC of August 4, 2003 guiding investment and construction insurance;
At the proposal of the Director of the Insurance Department,
Article 1.- To issue together with this Decision the Rules and Bracket of insurance indemnities for laborers in construction and installation enterprises.
Article 2.- This Decision takes effect 15 days after its publication in the Official Gazette.
Article 3.- The director of the Insurance Department, the director of the Office of the Finance Ministry and the heads of concerned units shall have to inspect and supervise the implementation of this Decision.
FOR THE MINISTER OF FINANCE
Le Thi Bang Tam
OF INSURANCE INDEMNITIES FOR LABORERS IN CONSTRUCTION AND INSTALLATION ENTERPRISES
(Issued together with the Finance Minister’s Decision No. 14/2004/QD-BTC of January 16, 2004)
Article 1.- Interpretation of terms and phrases
Under this Insurance Rules, the following terms and phrases shall be construed as follows:
1. Laborers mean those who are aged at least full 15, have working capacity and have entered into labor contracts.
2. Labor accidents mean accidents which cause injury to any part or function of laborers’ bodies or their death, occur in the laboring process and are associated with the performance of jobs or tasks.
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