Aviation Insurance Corporation Joint Stock Company was found to have committed multiple violations in handling mandatory motor vehicle insurance claims in 2023
Aviation Insurance Corporation Joint Stock Company was found to have committed multiple violations in handling mandatory motor vehicle insurance claims in 2023. The company processed 2,017 claims totaling over VND 108 billion, yet 12.7% were settled late, with delays ranging from 302 to 607 days, far exceeding the legal timeframe. Inspectors also found that VNI demanded unauthorized documents, underpaid death compensations, and failed to notify victims about their entitled compensation. Authorities urged the firm to promptly review and strictly comply with all claim procedures and legal obligations.
Aviation Insurance Corporation Joint Stock Company was found to have committed multiple violations in handling mandatory motor vehicle insurance claims in 2023. The company processed 2,017 claims totaling over VND 108 billion, yet 12.7% were settled late, with delays ranging from 302 to 607 days, far exceeding the legal timeframe. Inspectors also found that VNI demanded unauthorized documents, underpaid death compensations, and failed to notify victims about their entitled compensation. Authorities urged the firm to promptly review and strictly comply with all claim procedures and legal obligations.
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