China Insurance Regulatory Commission, Measures for the Administration of the Scopes of Business of Insurance Companies by Level

中国保险监督管理委员会保险公司业务范围分级管理办法

July 16, 2013 | BY

CLP Temp &

Only certain insurance companies are allowed to engage in non-basic businesses.

Clp Reference: 3910/13.05.02 Promulgated: 2013-05-02 Effective: 2013-05-02

Issued: May 2 2013

Effective: as of date of issuance

Main contents: The Measures divide the businesses of insurance companies into basic businesses and extended businesses (Article 4). New property or personal insurance companies may only apply for basic businesses (Article 9). With minimum registered capital of Rmb200 million, they may apply for one type of basic business. An additional type of basic business would require at least Rmb200 million more of registered capital (Articles 10 & 11).

Related legislation: Provisions for the Administration of Insurance Companies, Sep 25 2009, CLP 2009 No.11 p.44

clp reference:3910/13.05.02 issued:2013-05-02 effective:2013-05-02

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