Insurance

A stricter, but more equal game for insurance investment
New measures tighten the administration of investment into the insurance sector, but now foreign participants can expect equal treatment with domestics on shareholding ratio requirements. And for the first time, the new rules address horizontal competition

Measures for the Administration of the Equity of Insurance Companies [Full Text Translation]
保险公司股权管理办法
The CIRC may release a major shareholder from the restriction on shareholding percentage if it satisfies certain provisions.

Tentative Measures for the Graded Regulation of Establishments of Insurance Companies [Full Text Translation]
保险公司分支机构分类监管暂行办法
The Measures classify establishments of insurance companies into four grades based on the companies’ risk positions and impose regulatory measures accordingly.

China Insurance Regulatory Commission, Measures for the Administration of the Equity of Insurance Companies [Legislation Digest]
中国保险监督管理委员会保险公司股权管理办法
Shareholding restriction on single shareholders of insurance companies relaxed.

Measures for the Administration of the Information Disclosure of Insurance Companies [Full Text Translation]
保险公司信息披露管理办法
The Measures specify the information that an insurance company is required to disclose as well as the method and time of disclosure.

China Insurance Regulatory Commission, Tentative Measures for the Graded Regulation of Establishments of Insurance Companies [Legislation Digest]
中国保险监督管理委员会保险公司分支机构分类监管暂行办法
Establishments of insurance companies classified into four grades for regulation.

China Insurance Regulatory Commission, Measures for the Administration of the Information Disclosure of Insurance Companies [Legislation Digest]
中国保险监督管理委员会保险公司信息披露管理办法
Insurance companies required to disclose seven types of information.

China Insurance Regulatory Commission, Provisions on the Administrative Penalty Procedure [Legislation Digest]
中国保险监督管理委员会行政处罚程序规定
Market access prohibition is now an administrative penalty for the insurance industry.

China in-house interview: Managing risks, step by step
Shenzhen-based James Jun Yao, chief legal officer at Ping An Insurance, speaks with CLP about the various stages of risk management

Ruling the expanding insurance group kingdom
A new set of measures has been released to regulate domestic insurance companies as their appetite grows for more business operations. As their scope widens, foreign players are presented with a range of investment opportunities

Measures for the Administration of Insurance Group Companies (Trial Implementation) [Full Text Translation]
保险集团公司管理办法 （试行）
The Measures set forth provisions on the establishment, scope of business, corporate governance, capital management, information disclosure and oversight in connection with insurance group companies.

China Insurance Regulatory Commission, Measures for the Administration of Insurance Group Companies (Trial Implementation) [Legislation Digest]
中国保险监督管理委员会保险集团公司管理办法 (试行)
CIRC sets forth the measures for the establishment of insurance group companies.

Ministry of Finance, Provisions on the Accounting Treatment of Insurance Contracts [Legislation Digest]
财政部保险合同相关会计处理规定
Accounting treatment of hybrid insurance contracts clarified.

China Banking Regulatory Commission, Measures for the Administration of Pilot Projects for the Investment by Commercial Banks in the Equity of Insurance Companies [Legislation Digest]
中国银行业监督管理委员会商业银行投资保险公司股权试点管理办法
CBRC sets out certeria criteria for a commercial bank to take an equity interest in an insurance company.

Measures for the Administration of Pilot Projects for the Investment by Commercial Banks in the Equity of Insurance Companies [Full Text Translation]
商业银行投资保险公司股权试点管理办法
The Measures set forth the criteria for a commercial bank to take an equity interest in an insurance company and specify the requirements on different aspects of risk management.