A clearer road for insurers

April 16, 2009 | BY

clpstaff &clp articles

China's revised insurance law clarifies many important details for insurance companies and gives more power to the regulator to deal with errant foreign institutions. By Chen Xin and Maarten Roos, Wang Jing & Co Shanghai Office.

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China's insurance law (中华人民共和国保险法) has been amended to introduce new provisions on insurance business in China, new rules for insurers, the insured and beneficiaries when dealing with insurance contracts