China Insurance Regulatory Commission, Circular on Issues Relevant to the Engagement in the Enterprise Annuity Business by Old-age Pension Insurance Companies

中国保险监督管理委员会关于养老保险公司经营企业年金业务有关问题的通知

November 30, 2007 | BY

clpstaff &clp articles &

Old-age pension insurance companies allowed to conduct enterprise annuity business throughout China.

Clp Reference: 3910/07.09.26 Promulgated: 2007-09-26

Issued: September 26 2007

Main Contents: Paragraph Two of Article 13 of the Provisions for the Administration of Insurance Companies that requires insurance companies to establish a branch when extending business to another province, autonomous region or municipality directly under the central government shall not apply to old-age pension insurance companies engaging in the enterprise annuity business. Such companies may conduct enterprise annuity business throughout the country.

Related Legislation: Provisions for the Administration of Insurance Companies, May 13 2004, CLP 2004 No.6 p.6

clp reference:3910/07.09.26promulgated:2007-09-26

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