PRC Insurance Law (Amended)

中华人民共和国保险法 (修订)

April 16, 2009 | BY

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Insurance companies allowed to invest in stocks and immovable property.

Revised on April 24 2015. Latest revision can be found at:
http://www.chinalawandpractice.com/Article/3455598/PRC-Insurance-Law-Revised-in-2015.html

Promulgated: February 28 2009
Effective: October 1 2009

Main Contents: The amended Law states that if the proposer deliberately, or due to gross negligence, fails to perform its obligation of disclosure which failure could influence the insurer on its decision as to whether or not to agree to insure or whether or not to raise the premium rate, the insurer shall have the right to terminate the insurance contract.

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