Measures for Supervision and Administration of Insurance Sale Practitioners
Measures for Supervision and Administration of Insurance Sale Practitioners
Measures for Supervision and Administration of Insurance Sale Practitioners
Order of the China Insurance Regulatory Commission [2013] No. 2
January 6, 2013
The Measures for Supervision and Administration of Insurance Sale Practitioners were discussed and ratified at the president meeting of China Insurance Regulatory Commission on December 21, 2012 and are hereby promulgated and shall take effect as of July 1, 2013.
Chairman: Xiang Junbo
Measures for Supervision and Administration of Insurance Sale Practitioners
Chapter I General Provisions
Article 1 These Provisions are formulated with the purpose to strengthen the management of the insurance sales practitioners, protect the lawful rights and interests of the applicants and insurants, maintain the insurance market order, and promote the healthy development of insurance industry.
Article 2 The term "insurance sales practitioners" as mentioned in these Measures refers to individuals who sell insurance products for insurance companies, including the insurance salespersons of insurance companies and the insurance salespersons of insurance agencies.
Article 3 The China Insurance Regulatory Commission (hereinafter referred to as the "CIRC") shall conduct uniform supervision over the insurance sale practitioners with the authorization of the law and the State Council.
The local branches of the CIRC shall exercise their duties of supervision and administration within the power authorized by the CIRC.
Article 4 The insurance sales practitioners shall be qualified for the conditions as stipulated by the CIRC, obtain the qualification certificates issued by the CIRC, and obtain the practicing certificates issued by the insurance companies or insurance agencies they are attached to before they begin to practice.
Article 5 The insurance sales practitioners shall, upon conducting insurance sales, observe the provisions of the laws, administrative regulations and the provisions of the CIRC.
Chapter II Practicing Qualification
Article 6 The persons involving in insurance sales shall pass the qualification examination for the insurance sales practitioners organized by the CIRC (hereinafter referred to as "Qualification Exam") and acquire the Qualification Certificate for the Insurance Sales Practitioner (hereinafter referred to as the "Qualification Certificate").
Article 7 The persons enrolling for the qualification exam shall be equipped with at least education degree of college and shall have full capacity of civil conducts.
No application for enrollment of the persons under any one of following circumstances will be accepted:
1. Conceal relevant information or provide false materials;
2. Conceal relevant information or provide false materials, with the exam results declared void, which does not exceed 1 year;
3. Violate the examination disciplines severely, with the exam results being declared void, which does not exceed 3 years;
4. Obtain the qualification certificates by means of fraud, bribery and other illegal means, with their qualification certificate being deregistered, which does not exceed 3 years;
5. Have been declared by the financial supervision authority for prohibiting to enter the industry in a certain period and such period does not expire;
6. Have been punished with criminal liabilities and the completion of the execution of the punishment does not exceed 5 years;
7.
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