Shedding New Light on the Regulation of Representative Offices in China of Foreign Insurance Institutions

February 29, 2004 | BY

clpstaff &clp articles

Repealing its 1999 predecessor, the new Procedures improves upon the 'foreign insurance institutions' definition, administrative examination and approval, and prudential regulations.

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By Dr. Xu Guojian Partner & Lu Guoming & Pek-Siang Tee, Legal Assistant Boss & Young, Shanghai

The CIRC promulgated the 1999 Procedures on November 26 1999. The 1999 Procedures