Reinsurance: New Area Open for Foreign Investment

October 31, 2002 | BY

clpstaff &clp articles

The Reinsurance Provisions finally complete the legal framework for foreign investment in the reinsurance sector in China.

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By Yongfu Li Chief Representative and Simon Xi Zhang Legal Assistant, Allen & Overy Beijing

The Reinsurance Provisions follow thePRC Insurance Law, which was promulgated on June 30 1995, and was recently amended by the National People's Congress on October 28 2002 (the