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A specialized inspection of insurance businesses is expected in 2024

(HQ Online) - According to the expected plan in 2024, the Department of Insurance Management and Supervision (Ministry of Finance) will conduct specialized inspections of businesses in the insurance business field.


Accordingly, it is expected that there will be a specialized inspection on compliance with legal regulations on civil liability insurance of motorbike owners; Check compliance with legal regulations on how to cooperate in selling life insurance through credit institutions, ensuring customers' rights; Check the implementation of legal regulations on insurance brokerage activities, insurance auxiliary activities (if any) and management of capital, assets, and revenue at the enterprise.
In addition, according to the report of the Department of Insurance Management and Supervision, in 2024, the Department will continue to strengthen the implementation of periodic assessments of insurance enterprises, promptly detect violations to report to the Ministry for solutions. handling sentence.
At the same time, complete and submit to the Ministry of Finance to circulate inspection conclusions for insurance enterprises under the 2023 inspection plan that have completed inspection; Conduct inspections of insurance enterprises according to Decision No. 2598/QD-BTC dated November 27, 2023 on approving the inspection plan for enterprises in the insurance business field in 2024.
At the conference summarizing the work in 2023 and the direction of tasks in 2024 of the Department of Insurance Management and Supervision at the end of December 2023, Director Ngo Viet Trung said that in the coming time, the Department of Insurance Management and Supervision, Insurance supervision will continue to strengthen inspections, inspections and strictly handle administrative violations in the insurance business field to develop a healthy and sustainable market.
Previously, in 2023, the Department of Insurance Management and Supervision said that through inspection and examination work, the Department had promptly detected and corrected businesses with violations, recommended financial handling, Thereby, strictly handling violations, maintaining discipline, contributing to the healthy, safe and effective development of the insurance market.
Source: https://haiquanonline.com.vn/du-kien-kiem-tra-chuyen-de-cac-doanh-nghiep-bao-hiem-trong-nam-2024-182094.html&link=2