China Insurance Regulatory Commission, Circular on Matters Relevant to the Implementation of the «Provisions for the Administration of the Solvency of Insurance Companies»

中国保险监督管理委员会关于实施《保险公司偿付能力管理规定》有关事项的通知

December 18, 2008 | BY

clpstaff &clp articles &

Criteria for assessing solvency of insurance companies elaborated

Clp Reference: 3910/08.10.21 Promulgated: 2008-10-21

Issued: October 21 2008

Main Contents: The Circular elaborates matters concerning the Provisions for the Administration of the Solvency of Insurance Companies such as:

(1) criteria for assessing minimum capital;

(2) consolidated assessment of the branches in China of foreign insurance companies;

(3) time for submission of quarterly solvency reports; and

(4) total assets for the purpose of calculating the percentages of the application of capital.

Related Legislation: Provisions for the Administration of the Solvency of Insurance Companies , Jul 10 2008, CLP 2008 No.9 p.55

clp reference:3910/08.10.21prc reference:保监发〔2008〕89号promulgated:2008-10-21

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