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

clpstaff &clp articles

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Repealed legislation: Provisions for the Administration of the Reinsurance Business, Oct 14 2005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:3900/10.05.21
promulgated:2010-05-21
effective:2010-07-01

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]