Issued: February 21 2002
Effective: February 20 2002
Applicability: Large-scale commercial insurance means insurance for large-scale industrial or commercial enterprises (Item One). Master policy means an insurance policy that covers the geographically diversified properties or liabilities of the same legal person (Item Four).
China Insurance Regulatory Commission, Questions Relevant to Large-scale Commercial Insurance Business and Master Policy Business Circular
中国保险监督管理委员会关于大型商业保险和统括保单业务有关问题的通知
After the PRC accession to WTO, the threshold for a "large-scale commercial enterprise" is gradually lowered.
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