China will promulgate an amended insurance law as part of a broad-ranging programme of post-WTO accession legislative renovation. An in-depth analysis of the pros and cons, and the implications for the China insurance market.
Amends regulations regarding insurance company investment, terms and rates approval, insurance agent authority and liability, as well as insurer liability.
Issued: December 6 2001Effective: January 1 2002Interpreting authority: China Insurance Regulatory Commission (CIRC)Applicability: For the purposes of…
Promulgated: August 23 2002Effective: October 1 2002Main contents: Article 3 of the Regulations states that according to State provisions no tax or fee…
Issued: June 1 2002Main contents: The Circular states that business tax and deed tax will not be levied on the transfer of ownership of immovable property…