China Insurance Regulatory Commission, Operational Guidelines for the Board of Directors of Insurance Companies
中国保险监督管理委员会保险公司董事会运作指引
October 15, 2008 | BY
clpstaff &clp articlesGuidelines issued to restrict boards of insurance companies in their delegation of powers.
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Issued: July 8 2008
Effective: October 1 2008
Interpreting Authority: China Insurance Regulatory Commission
Applicability: These Guidelines apply to insurance companies and insurance asset management companies with a board of directors, that are established in accordance with the law in China. Where there are other provisions in laws, administrative regulations or regulatory provisions on wholly state-owned insurance companies, foreign-invested insurance companies or listed insurance companies, such provisions shall prevail (Article 2).