Circular on Issuing the Interim Measures for the Administration of Concurrent-business Insurance Agency
Circular on Issuing the Interim Measures for the Administration of Concurrent-business Insurance Agency
Circular on Issuing the Interim Measures for the Administration of Concurrent-business Insurance Agency
Bao Jian Fa [2000] No.144
August 4, 2000
The insurance regulatory offices of Beijing Municipality, Shanghai Municipality and Guangzhou City, the preparatory groups of all insurance regulatory offices and all insurance companies,
In order to further strengthen the management of the insurance intermediary market, regulate the acts of concurrent-business insurance agencies, and maintain the order of the insurance market, the China Insurance Regulatory Commission has formulated the Interim Measures for the Administration of Concurrent-business Insurance Agency, which are hereby issued to you for your earnest implementation. Please report any issue arising in the implementation thereof, if any, to the China Insurance Regulatory Commission in a timely manner.
It is hereby notified.
Interim Measures for the Administration of Concurrent-business Insurance Agency
Chapter I General Provisions
Article 1 With a view to strengthening the management of concurrent-business insurance agents, regulating acts of concurrent-business insurance agencies, maintaining the order of the insurance market and promoting the healthy development of insurance business, the Interim Measures for the Administration of Concurrent-business Insurance Agency (hereinafter referred to as the "Measures") are formulated in accordance with the Insurance Law of the People's Republic of China.
Article 2 The concurrent-business insurance agents refer to the entities that handle the insurance business on behalf of the insurer as entrusted by the insurer while engaging in their own business.
Article 3 The concurrent-business insurance agents that engage in the insurance agency business shall comply with the relevant laws, regulations and administrative rules of the State and follow the principles of voluntariness and good faith.
Article 4 The legal liabilities arising from the acts of the insurance agency business by concurrent-business insurance agents within the scope authorized by the insurer shall be borne by the insurer.
Chapter II Management of Qualification for Agency
Article 5 The declaration for qualification for concurrent-business insurance agent and changes in the relevant contents shall be reported by the principal insurance company to the China Insurance Regulatory Commission (hereinafter referred to as the "CIRC") for approval.
Article 6 The application for qualification for concurrent-business insurance agency shall meet the following conditions:
1.
......
Bao Jian Fa [2000] No.144
August 4, 2000
The insurance regulatory offices of Beijing Municipality, Shanghai Municipality and Guangzhou City, the preparatory groups of all insurance regulatory offices and all insurance companies,
In order to further strengthen the management of the insurance intermediary market, regulate the acts of concurrent-business insurance agencies, and maintain the order of the insurance market, the China Insurance Regulatory Commission has formulated the Interim Measures for the Administration of Concurrent-business Insurance Agency, which are hereby issued to you for your earnest implementation. Please report any issue arising in the implementation thereof, if any, to the China Insurance Regulatory Commission in a timely manner.
It is hereby notified.
Interim Measures for the Administration of Concurrent-business Insurance Agency
Chapter I General Provisions
Article 1 With a view to strengthening the management of concurrent-business insurance agents, regulating acts of concurrent-business insurance agencies, maintaining the order of the insurance market and promoting the healthy development of insurance business, the Interim Measures for the Administration of Concurrent-business Insurance Agency (hereinafter referred to as the "Measures") are formulated in accordance with the Insurance Law of the People's Republic of China.
Article 2 The concurrent-business insurance agents refer to the entities that handle the insurance business on behalf of the insurer as entrusted by the insurer while engaging in their own business.
Article 3 The concurrent-business insurance agents that engage in the insurance agency business shall comply with the relevant laws, regulations and administrative rules of the State and follow the principles of voluntariness and good faith.
Article 4 The legal liabilities arising from the acts of the insurance agency business by concurrent-business insurance agents within the scope authorized by the insurer shall be borne by the insurer.
Chapter II Management of Qualification for Agency
Article 5 The declaration for qualification for concurrent-business insurance agent and changes in the relevant contents shall be reported by the principal insurance company to the China Insurance Regulatory Commission (hereinafter referred to as the "CIRC") for approval.
Article 6 The application for qualification for concurrent-business insurance agency shall meet the following conditions:
1.
......