Interim Administrative Provisions on Insurance Statistics
Interim Administrative Provisions on Insurance Statistics
Interim Administrative Provisions on Insurance Statistics
Order of the China Insurance Regulatory Commission [2004] No. 11
September 29, 2004
The Interim Administrative Provisions on Insurance Statistics, which were reviewed and adopted at the Chairman's executive meeting of the China Insurance Regulatory Commission on September 27, 2004, are hereby issued, and shall come into force as of November 1, 2004.
Chairman
Attached: Interim Administrative Provisions on Insurance Statistics
Chapter I General Provisions
Article 1 These Provisions have been formulated in accordance with the Statistics Law of the People's Republic of China, the Insurance Law of the People's Republic of China, the Implementing Rules of the Statistics Law of the People's Republic of China and other relevant laws and administrative regulations with a view to strengthening the administration of insurance statistics and ensuring the authenticity, completeness, accuracy and timeliness of statistical information on insurance.
Article 2 The term "insurance statistics" as used in these Regulations refers to the following activities:
1. The carrying out of statistical surveys, the collection, processing and analysis of information reflecting the operating status of insurance institutions in accordance with the law, the provision of statistical information and statistical advisory opinion, and the supervision and administration of insurance statistics by the China Insurance Regulatory Commission (hereinafter referred to as "the CIRC") and its local offices; and
2. The carrying out of statistical surveys, the collection, processing and analysis of information reflecting its own operating status in accordance with the law, the provision of statistical information and statistical advisory opinion, and the administration of its own insurance statistical work by an insurance institution.
Article 3 The term "statistical information" as used in these Provisions refers to reports,report forms, documents and materials reflecting the operating status of the insurance institution that submits such information to the CIRC or any of its local offices in accordance with the law,including statistical data reflecting its financial and business status, analyses of its operating status and other statistical materials specified by the CIRC.
Article 4 The fundamental statistical functions of the CIRC and its local offices shall include the collection, review, aggregation, analysis and release of statistical information on insurance institutions in accordance with the law, the making of statistical forecasts,the provision of references and bases for decision making in the supervision and administration of insurance activities, and the promotion of the healthy development of the insurance industry.
The fundamental statistical functions of insurance institutions shall include the completion of all insurance statistical work in accordance with the law, the analysis of statistics and the making of statistical forecasts, and the prompt submission of relevant statistical information on insurance in a truthful, complete and accurate manner.
Article 5 Insurance statistical work shall be carried out in accordance with the principles of objectivity, scientific methodology, consistency and timeliness.
Article 6 Insurance statistical work shall be administered on the basis of a centralized administrative system with hierarchical accountability.
The CIRC shall be responsible for the supervision and administration of insurance statistical work nationwide and for the administration of statistical information produced by the insurance industry nationwide. Local offices of the CIRC shall be responsible for the supervision and administration of insurance statistical work within their respective areas of jurisdiction and for the administration of statistical information produced by the insurance industry within their respective areas of jurisdiction.
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