China Insurance Regulatory Commission and State Administration for Industry and Commerce, Administration of the Sales Service Departments of Insurance Companies Measures

中国保险监督管理委员会、国家工商行政管理总局保险公司营销服务部管理办法

Restrictions on business scope, staffing and geographical location of sales service departments of insurance companies.

2 minute read March 31, 2002 at 11:58 PM
By
clpstaff and clp articles

Promulgated: February 1 2002

Effective: March 1 2002

Interpreting authority: China Insurance Regulatory Commission and State Administration for Industry and Commerce

Applicability: For the purposes of the Measures, a "sales service department" means an organization set up by an insurance company or its branch with approval from an agency of China Insurance Regulatory Commission (CIRC) and registered with the industry and commerce administration, which exercises management control of its sales personnel and provides insurance services to its customers (Article 2).

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