rauocMiion(PCPC 81299" (d) Seivlcet luxilluy to iuuniue (including broking aad«aency tervipa) (PCPC 1140) % (A None (3) None, excepl: Tte establishment ofbnncl^es depends on the processof fonnulation of Inunnce Businett Law. Syean after the dateor entry intoforce of the Agreementjoint ventures with Vietnamese partners wiio are authonzcd to provide insurance services may be established The capital contribution from the US side tbaJl not exceed 50% of the legal capital of thejoint venture i yean after thedate ofentry intoforce of the Agreement companieswith lOOH U.S. invested capital may be csublishcd. Services supplying companies with US invested capital shult not be allowed to provide insurance ageni services Service applying companies with U S. invested cnpilal shall not be allowed to engage in statutory insurance business: motor vehicle third partyliability, insurancein consuuction and installation, insurance foroil and gas projects, and insurajKe for projecu and construction of high danger to public security and environment. This limitaiion shall be eliminated for joint ventures 3 years after the dale of entry into force of Ihe Agreement, and for companies with lOOV. US invested capital 6 years after the date of entry into force of the AgrccinciK With respect to reinsurance, joint venture companies, compames with 100%U.S.-owned capital and branches of insurance companies of the US, shall reinsure with the Reinsurance Company of Vietnam with the miniroum proportion of 20%, and S years after the entry intothe force of tile Agreement this limitation shall be abolished (4>Unbound except asindicated in Horiionlal commiunenis (2)'None (3) None CKCcpt for statutory insurance bu<iincss W Unbound except as indicated in Hon/antal commitments l^-i. to O o l-H o -J
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