Circular on Printing and Distributing the Assessment Measures for Risk-based Case Supervision of Bureaus of the China Insurance Regulatory Commission (for Trial Implementation)
Circular on Printing and Distributing the Assessment Measures for Risk-based Case Supervision of Bureaus of the China Insurance Regulatory Commission (for Trial Implementation)
Circular on Printing and Distributing the Assessment Measures for Risk-based Case Supervision of Bureaus of the China Insurance Regulatory Commission (for Trial Implementation)
Bao Jian Ji Cha [2013] No. 643
September 2, 2013
All bureaus of the China Insurance Regulatory Commission,
In order to improve the level of risk-based supervision over insurance cases, and effectively prevent and resolve case risks, the China Insurance Regulatory Commission has formulated the Assessment Measures for Risk-based Case Supervision of Bureaus of the China Insurance Regulatory Commission (for Trial Implementation) which is hereby printed and distributed to you for earnest compliance and implementation.
Assessment Measures for Risk-based Case Supervision of Bureaus of the China Insurance Regulatory Commission (for Trial Implementation)
Chapter I General Provisions
Article 1 These Measures are formulated in order to improve the level of risk-based supervision over insurance cases, and effectively prevent and resolve case risks.
Article 2 Insurance cases to be assessed in accordance with these Measures shall include two types, namely cases within the insurance industry and cases beyond the insurance industry.
Cases within the insurance industry refer to the cases placed on file for investigation and punishment by public security and judicial organs whereby insurance companies, insurance intermediaries and insurance practitioners, independently, jointly or in league with external personnel, commit acts of misappropriation, embezzlement, fraud, commercial bribery, illegal fund raising, money laundering, pyramid selling and other acts in violation of the Criminal Law during practices. Cases beyond the insurance industry refer to the cases processed by public security and judicial organs in accordance with the law whereby entities or individuals outside the insurance industry are suspected of being involved in insurance fraud, illegal establishment of insurance institutions, illegal operation of insurance business, as well as money laundering and illegal fund raising by using the insurance industry, etc.
Article 3 In the assessment of risk-based supervision over insurance cases, the principles of combining qualitative analysis and quantitative analysis, combining performance of duties and actual effects of performance, and combining self-assessment by bureaus of the China Insurance Regulatory Commission ("CIRC") and assessment by the CIRC shall be adhered to.
Article 4 Parties subject to assessment under these Measures are bureaus of the CIRC.
Chapter II Assessment Contents and Score Allocation
Article 5 The assessment, with a total score of 120 points, shall be divided into three aspects: performance of duties, regional risk status and incentives and restraints.
Article 6 The assessment of the performance of duties shall deal with the work of the bureaus of the CIRC in basic management, risk prevention and warning education, risk disposition, supervision and accountability, rectification and improvement, and shall have a total score of 80 points. It shall specifically include the following four aspects:
1. In terms of basic management, the setting of position duties, construction of systems and mechanisms, information processing and risk analysis, archives management, etc.
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