National Financial Regulatory Administration, Circular on Matters Relating to the Insurance Agency Business of Commercial Banks
国家金融监督管理总局关于商业银行代理保险业务有关事项的通知
May 26, 2024 | BY
Susan MokA branch of a bank may be allowed to sign an insurance agency agreement
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Issued: April 28, 2024
Effective: as of date of issuance
Main contents: Where a commercial bank acts as an agent for Internet insurance business, telemarketed insurance business or other insurance business, there shall not be any limit on the number of insurance companies with which (sub-)branches and outlets at any level may cooperate (Article 2).
In principle, where an insurance company proposes to cooperate with a commercial bank in insurance agency business, the