General Office of the China Insurance Regulatory Commission, Measures for the Administration of Capital Supplementation by Insurance Companies (Draft for Comments)

中国保险监督管理委员会办公厅保险公司资本补充管理办法 (征求意见稿)

December 18, 2014 | BY

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Issued: November 6 2014Main contents: Insurance companies may use various methods to supplement their actual capital, including but not limited to:(1)…

Promulgated: 2014-11-06

Issued: November 6 2014

Main contents: Insurance companies may use various methods to supplement their actual capital, including but not limited to:

(1) common shares;

(2) preference shares;

(3) capital reserve;

(4) retained profits;

(5) debt-type capital instruments;

(6) contingent capital;

(7) policy liability securitisation products; and

(8) non-traditional reinsurance (Article 12).

An insurance company shall formulate a three-year rolling capital plan which shall be subject to the deliberation and approval of its board of directors (Article 88).

promulgated:2014-11-06

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