Insurance enterprises must send to the Vietnam Insurance Association information about insurance agency activities according to Clause 5, Article 58.Circular 67/2023/TT-BTC instructInsurance Business Law 2022, Decree 46/2023/ND-CP Guidance on the Law on Insurance Business issued by the Minister of Finance, specifically as follows:

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5. Report on insurance agency activities: insurance enterprises, branches of foreign non-life insurance enterprises, mutual organizations providing micro insurance shall prepare and submit quarterly and annually to Ministry of Finance and attached electronic copy as prescribed in Appendix XI issued with this Circular:

a) Report on the list of agents who violate legal regulations and have had their agency contracts terminated by insurance enterprises, branches of foreign non-life insurance enterprises, and mutual organizations providing micro insurance. according to Form No. 1-DLBH. This report must be simultaneously sent to the Vietnam Insurance Association to notify other insurance enterprises, branches of foreign non-life insurance enterprises, and mutual organizations providing micro insurance;

b) Report on the implementation of insurance agency activities of credit institutions and foreign bank branches to life insurance enterprises according to Form No. 02-DLBH;

c) Report on insurance agent training activities according to Form No. 03-DLBH;

d) Report the list of insurance agents according to Form No. 04-DLBH.

6. Report on insurance products: Within the first 15 days of each month, insurance enterprises and branches of foreign non-life insurance enterprises shall report to the Ministry of Finance the list of newly deployed products, Stop implementing in the preceding month (if any).

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According to the above regulations, a report on the list of agents violating legal regulations whose agency contracts have been terminated by insurance enterprises must be simultaneously sent to the Vietnam Insurance Association to notify insurance enterprises. Other known dangers.

Therefore, when life insurance businesses cut Code Insurance agent must report to the Vietnam Insurance Association.