China Insurance Regulatory Commission, Measures for the Administration of the Capital Guarantee Funds of Insurance Companies

中国保险监督管理委员会保险险公司资本保证金管理办法

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Insurance companies required to deposit capital guarantee funds in more than one bank.

Issued: July 7 2011
Effective: as of date of issuance

Applicability: For the purposes of these Measures, the term “capital guarantee funds” means the funds equivalent to 20% of an insurance company's total registered capital that, pursuant to the Insurance Law, an insurance company is required to set aside after its establishment and may not use except to discharge its debts when it is being liquidated (Article 3).

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