China Insurance Regulatory Commission, Circular on Strengthening the Administration of Investment-type Insurance Business of Property Insurance Companies

中国保险监督管理委员会关于加强财产保险公司投资型保险业务管理的通知

December 18, 2008 | BY

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Stricter criteria for sale of investment-type insurance by property insurance companies

Issued: November 20 2008
Effective: As of date of issuance

Applicability: The term “investment-type insurance products of property insurance companies” refers to insurance products that combine the functions of insurance and funds application. Property insurance companies manage the investment funds for the investment-type insurance products paid by the principal, withdraw insurance premiums and bear insurance liability according to the method stipulated by the contract, and pay the principal and the insured party the investment money and the returns derived. The principal and the insured party must be natural persons and not legal persons (Article 1).

Main Contents: Property insurance companies that sell investment-type insurance products shall fulfil the following criteria:

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