📋 Tender Overview
The car owner is an individual who has purchased mandatory civil liability insurance for cars, valid from May 1, 2025 to April 30, 2026. On July 10, 2025, the car owner established a one-member LLC and on July 20, 2025, re-registered the car in the companys name and was issued a new license plate. However, the registration certificate is still valid and the license plate is still the old license plate. The car owner wishes to continue using the previously purchased insurance. Mr. Nguyen Long (Hung Yen) asked, is the old civil liability insurance still valid in this case? Regarding this issue, the Ministry of Finance has the following opinion: In Clause 1, Article 2 and Clause 1, Article 4 of Decree No. stipulating that motor vehicle owners participating in traffic and operating on the territory of the Socialist Republic of Vietnam must have compulsory insurance for civil liability of motor vehicle owners. Buy compulsory insurance at businesses Insurers are allowed to implement insurance operations in accordance with the law. According to Clause 3, Article 9 of Decree No. 67/2023/ND-CP, during the valid period stated on the Insurance Certificate, if there is a transfer of ownership of a motor vehicle, the old motor vehicle owner has the right to terminate the insurance contract according to the provisions of Article 11 of this Decree. Pursuant to Points a, b and c, Clause 2, Article 10 of Decree No. 67/2023/ND-CP, Insurance certificate owned by the insurance enterprise design and must include the following contents: - Name, address, phone number (if any) of the motor vehicle owner; - Vehicle license plate, chassis number, engine number; - Vehicle type, tonnage, number of seats, and purpose of use for cars. According to Article 11 of Decree No. 67/2023/ND-CP, in case a motor vehicle has its vehicle registration certificate and license plate revoked according to regulations of the Minister of Public Security, the insurance contract will terminate from the time the vehicle registration certificate and license plate are revoked. The insurance enterprise is responsible for refunding the premium paid to the insurance buyer corresponding to the remaining term of the insurance contract from the time the insurance contract terminates. In Article 13 of Circular No. 24/2023/TT-BCA, it is stipulated that when transferring vehicle ownership or moving headquarters or residence from one province or centrally run city to another (hereinafter referred to as moving the original owner), the vehicle owner must carry out recovery procedures. at the agency managing the lake That car profile. Organizations and individuals receiving transfer of vehicle ownership and vehicle owners (in case of moving the original owner) shall carry out procedures for registration of title transfer and vehicle relocation at the vehicle registration agency according to the provisions of Article 4 of this Circular. Pursuant to Clause 6, Article 23 of Circular No. 24/2023/TT-BCA, cases of revocation of registration certificates and vehicle license plates include cases of vehicles undergoing registration procedures for title transfer and relocation. For the convenience of insurance enterprises and parties, Buy insurance to avoid disputes mortgage, the motor vehicle owner and the insurance company can negotiate and agree to terminate and re-issue the Insurance Certificate accordingly. We request you to refer to the above legal regulations and comply with the legal regulations.Chinhphu.vn
