Establishment of Reinsurance Companies Provisions

再保险公司设立规定

The Reinsurance Provisions finally complete the legal framework for foreign investment in the reinsurance sector in China.

(Promulgated by the China Insurance Regulatory Commission on, and effective as of, September 17 2002.)

（中国保险监督管理委员会於二零零二年九月十七日发布，自发布之日起施行。）

Article 1: These Provisions are formulated in accordance with the PRC Insurance Law and the PRC Administration of Foreign-invested Insurance Companies Regulations in order to promote the development of the reinsurance market and regulate the establishment of reinsurance companies.

Article 2: For the purposes of these Provisions, the term "reinsurance company" shall mean a company that is established with the approval of the China Insurance Regulatory Commission (CIRC) and is registered according to law to specially engage in reinsurance business.

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