China Insurance Regulatory Commission, Measures for the Administration of the Capital Guarantee Funds of Insurance Companies
中国保险监督管理委员会保险险公司资本保证金管理办法
Insurance companies required to deposit capital guarantee funds in more than one bank.
Issue: December 2011/January 2012
CLP Reference: 3910/11.07.07
Promulgated: 07 July 2011
Effective: 07 July 2011
Keywords (click to search):
capital guarantee funds
insurance companies
deposit bank
discharge debts
liquidation
Issued: July 7 2011
Effective: as of date of issuance
Applicability: For the purposes of these Measures, the term “capital guarantee funds” means the funds equivalent to 20% of an insurance company’s total registered capital that, pursuant to the Insurance Law, an insurance company is required to...
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