Exit mechanism created for insurance companies.
The Measures set forth the conditions for a transferee of insurance business and the procedure for such transfer.
Pilot variable annuity projects launched in Beijing, Shanghai, Guangdong, Shenzhen and Xiamen.
The Measures detail the two management models of variable annuities and set forth requirements in respect of allocations to the liability reserve and information disclosure.
Insurance companies require Rmb200 million to commence business.
CIRC strengthens regulation of the agricultural insurance business.
Draft regulation will allow more financial institutions to become insurance brokers
Criteria should be met for selecting bancassurance cooperation counterparties.
CIRC revises establishment criteria for insurance asset management companies.