National Financial Regulatory Administration, Circular on Matters Relevant to Strengthening and Improving the Oversight of Internet Property Insurance Business

国家金融监督管理总局关于加强和改进互联网财产保险业务监管有关事项的通知

October 21, 2024 | BY

Susan Mok

NFRA specifies the conditions for engaging in online property insurance business

Issued: July 17, 2024

Applicability: For the purposes of this Circular, the term "insurance institution" includes property insurance companies (including mutual insurance organizations and internet insurance companies) and Insurance Intermediaries.

For the purposes of this Circular, the term "insurance intermediary" includes dedicated insurance agencies, insurance brokers, insurance adjusters and sideline agencies of commercial banks.

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