Promulgated: July 12 2006
Effective: September 1 2006
Interpreting authority: China Insurance Regulatory Commission (CIRC)
Applicability: The term "branches and sub-branches of insurance companies" refers to branches, central sub-branches, sub-branches and business departments established by insurance companies in accordance with the law (Article 2).
The term "senior management personnel" refers to the following personnel who have decision-making powers or significant influence over the operation and management activities of an insurance institution:
1. general managers, deputy general managers and assistants to general managers of the head office, branches and central sub-branches;
2. the secretary to the board of directors, person in charge of legal compliance, the chief actuary and the person in charge of finance of the head office;
3. managers of sub-branches and business departments; and
4. persons in charge having the same...
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