Insurance Law

Market access prohibition is now an administrative penalty for the insurance industry.

Insurance companies required to disclose seven types of information.

Establishments of insurance companies classified into four grades for regulation.

The Measures classify establishments of insurance companies into four grades based on the companies' risk positions and impose regulatory measures accordingly.

The CIRC may release a major shareholder from the restriction on shareholding percentage if it satisfies certain provisions.

The Measures specify the information that an insurance company is required to disclose as well as the method and time of disclosure.

Shenzhen-based James Jun Yao, chief legal officer at Ping An Insurance, speaks with CLP about the various stages of risk management

CIRC sets forth the measures for the establishment of insurance group companies.

The Measures set forth provisions on the establishment, scope of business, corporate governance, capital management, information disclosure and oversight in connection with insurance group companies.