National Financial Regulatory Administration, Circular on Matters Relating to the Insurance Agency Business of Commercial Banks

国家金融监督管理总局关于商业银行代理保险业务有关事项的通知

May 26, 2024 | BY

Susan Mok

A branch of a bank may be allowed to sign an insurance agency agreement

Issued: April 28, 2024

Effective: as of date of issuance

Main contents:  Where a commercial bank acts as an agent for Internet insurance business, telemarketed insurance business or other insurance business, there shall not be any limit on the number of insurance companies with which (sub-)branches and outlets at any level may cooperate (Article 2).

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