China Banking and Insurance Regulatory Commission, Provisions for Oversight of Insurance Agents

中国银行保险监督管理委员会保险代理人监管规定

December 11, 2020 | BY

Susan Mok

Insurance companies bear legal liability for authorized acts of their agents

Promulgated: November 12, 2020

Effective: January 1, 2021

Main contents: The minimum registered capital of a dedicated insurance agency whose territory of operations is not limited to the province, autonomous region, municipality directly under the central government or city with independent development plans in which it is registered shall be Rmb50 million.

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