China Insurance Regulatory Commission, Circular on Further Regulating Access to the Insurance Intermediary Market

中国保险监督管理委员会关于进一步规范保险中介市场准入的通知

July 12, 2012 | BY

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Market access threshold of insurance intermediaries raised to Rmb50 million.

Clp Reference: 3910/12.06.12 Promulgated: 2012-06-12

Issued: June 12 2012

Main contents: The permissions for the establishment of all insurance professional intermediary firms is suspended, other than applications for the establishment of insurance agencies and brokerages with registered capital of at least Rmb50 million, and (sub-) branches thereof, invested in by insurance intermediary service group companies, motor vehicle production, sale, repair and maintenance enterprises, bank and postal enterprises and insurance companies, and of (sub-) branches of nationwide insurance agencies and brokerages, which shall continue to be accepted.

clp reference:3910/12.06.12promulgated:2012-06-12

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