Amends regulations regarding insurance company investment, terms and rates approval, insurance agent authority and liability, as well as insurer liability.
October 31, 2002
Insurance Law
The Reinsurance Provisions finally complete the legal framework for foreign investment in the reinsurance sector in China.
October 31, 2002Issued: December 6 2001Effective: January 1 2002Interpreting authority: China Insurance Regulatory Commission (CIRC)Applicability: For the purposes of…
October 02, 2002Promulgated: August 23 2002Effective: October 1 2002Main contents: Article 3 of the Regulations states that according to State provisions no tax or fee…
October 02, 2002Issued: June 1 2002Main contents: The Circular states that business tax and deed tax will not be levied on the transfer of ownership of immovable property…
July 02, 2002Clarifies the application of "time of work", "area of work" and "on the way to or from work".
June 02, 2002Prohibits reserves, funds or future expenses withdrawal (except for bad debt) for taxation purposes.
May 02, 2002Restrictions on business scope, staffing and geographical location of sales service departments of insurance companies.
March 31, 2002Principles governing the separate account arrangement, valuation date and measurement of income revenue and expenses of investment-linked products.
March 31, 2002After the PRC accession to WTO, the threshold for a "large-scale commercial enterprise" is gradually lowered.
March 31, 2002