Insurance Law

CBIRC defines affiliated transactions of banks and insurance companies

Private banking or insurance institutions shall establish a Party organizational structure

New rules are set out for banking and insurance permits

Foreign insurance group companies and non-insurance financial institutions may become shareholders of foreign-invested insurance companies

CBIRC adds more specifics to the evaluation of directors and supervisors of banks and insurance companies

The Draft strengthens governance of independent directors

CBIRC diversifies assessment of insurance companies’ solvency

China and European Union agree major investment deal; New York Stock Exchange begins process of delisting three Chinese telecom giants; and CBIRC issues draft clarifying market access rules for foreign insurers

CBIRC removes the record filing requirement regarding the investment management capabilities of insurance companies

Insurance companies bear legal liability for authorized acts of their agents