Insurance Law

The Provisions set out the temporary framework for insurance asset management companies on establishment, change, termination, business scope, operation rules and risk control.

The Opinions acknowledge the significance of vigorously development in the capital markets, outline reform ideologies, and provide directions for future liberalization.

Guidance is given to identify, appraise, manage and control risks encountered during the process of insurance funds utilization.

Insurance companies are now allowed to invest in convertible corporate bonds.

Establishing an enterprise pension and the payment of fees.

Administration of occupational safety insurance, and qualification of related insurance claims.

Focus on the establishment, termination and liquidation of foreign-invested insurance companies and their branch organizations.

Replaced the provisions of the same name promulgated by the CIRC on January 13 2000 and amended on March 15 2002.

The Administration of Insurance Companies Provisions became effective on June 15 2004. They are applicable to domestic insurance companies, and are generally applicable to foreign-invested insurance companies.