China Insurance Regulatory Commission, Provisions for the Administration of the Reinsurance Business

中国保险监督管理委员会再保险业务管理规定

September 04, 2010 | BY

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Policy to level investment field for foreign insurers.

Clp Reference: 3900/10.05.21 Promulgated: 2010-05-21 Effective: 2010-07-01

Promulgated: May 21 2010
Effective: July 1 2010

Main contents: The revised Provisions remove the statutory reinsurance requirement and the requirement to send reinsurance offers to domestic companies first. Relevant reporting and information disclosure requirements are also revised.

Related legislation: PRC Insurance Law, Jun 30 1995, CLP 1995 No.8 p.16; and PRC Regulations for the Administration of Foreign-invested Insurance Companies, Dec 12 2001, CLP 2002 No.1 p.39

Repealed legislation: Provisions for the Administration of the Reinsurance Business, Oct 14 2005

clp reference:3900/10.05.21promulgated:2010-05-21effective:2010-07-01

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