By Stuart Valentine and Ben Leung, Clifford Chance, Hong Kong
The China Insurance Regulatory Commission (CIRC) promulgated theAdministration of Insurance Companies Provisions on May 13 2004 (the 2004 Provisions).
New Provisions Govern the Administration of Insurance Companies
The Administration of Insurance Companies Provisions became effective on June 15 2004. They are applicable to domestic insurance companies, and are generally applicable to foreign-invested insurance companies.
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