China Insurance Regulatory Commission, Matters Relevant to the Taking Out of Occupational Liability Insurance by Insurance Agency (Brokerage) Institutions Circular

中国保险监督管理委员会关于保险代理 (经纪) 机构投保职业责任保险有关事宜的通知

March 31, 2005 | BY

clpstaff &clp articles &

Issued: March 10 2005Main contents: Insurance agency (brokerage) institutions may apply for an exemption from paying deposits when taking out occupational…

Clp Reference: 3910/05.03.10 Promulgated: 2005-03-10

Issued: March 10 2005

Main contents: Insurance agency (brokerage) institutions may apply for an exemption from paying deposits when taking out occupational liability insurance if they comply with certain conditions as set out in the Circular (Section One). The validity and continuity of the insurance policy shall be maintained throughout the term of the insurance agency (brokerage) institution. Termination or discontinuation of an occupational liability insurance policy for any reason shall be reported to the China Insurance Regulatory Commission immediately.
Related legislation: PRC Insurance Law (Amended), Feb 28 2009, CLP 2009 No.3 p35; Insurance Agencies Provisions, Nov 16 2001, CLP 2002 No.1 p9 and Insurance Brokerages Provisions, Nov 16 2001, CLP 2002 No.1 p9

clp reference:3910/05.03.10promulgated:2005-03-10

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]