China Insurance Regulatory Commission, Operational Guidelines for the Board of Directors of Insurance Companies

中国保险监督管理委员会保险公司董事会运作指引

October 15, 2008 | BY

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Guidelines issued to restrict boards of insurance companies in their delegation of powers.

Issued: July 8 2008
Effective: October 1 2008
Interpreting Authority: China Insurance Regulatory Commission

Applicability: These Guidelines apply to insurance companies and insurance asset management companies with a board of directors, that are established in accordance with the law in China. Where there are other provisions in laws, administrative regulations or regulatory provisions on wholly state-owned insurance companies, foreign-invested insurance companies or listed insurance companies, such provisions shall prevail (Article 2).

Where the Tentative Measures for the Administration of Independent Directors of Insurance Companies contain special provisions on independent directors, such provisions shall prevail (Article 89).

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