Circular of the China Insurance Regulatory Commission on Issuing the Administrative Measures for the Capital Security Deposits of Insurance Companies
Circular of the China Insurance Regulatory Commission on Issuing the Administrative Measures for the Capital Security Deposits of Insurance Companies
[Lexis China Comments]
According to the Circular of the National Financial Regulatory Administration on Issuing the Administrative Measures for Capital Margin of Insurance Companies (Jin Gui [2025] No. 18), this document has been repealed.
Circular of the China Insurance Regulatory Commission on Issuing the Administrative Measures for the Capital Security Deposits of Insurance Companies
Bao Jian Fa (2015) No.37
April 3, 2015
To Insurance Companies:
In order to further strengthen the supervision and regulation of the capital security deposits of insurance Companies, protect the interests of policy holders and safeguard the smooth and healthy development of the insurance market, according to the spirit of the Decision of the State Council on Issues concerning Cancelling and Adjusting a Batch of Administrative Examination and Approval Items (Guo Fa [2015] No.11), the China Insurance Regulatory Commission revised the original Administrative Measures for the Capital Security Deposits of Insurance Companies. The revised Administrative Measures for the Capital Security Deposits of Insurance Companies (hereinafter referred to as "the Measures") are hereby issued to you for your compliance and implementation.
Administrative Measures for the Capital Security Deposits of Insurance Companies
Chapter I General Provisions
Article 1 To strengthen the administration of the capital security deposits of insurance Companies and safeguard the smooth and healthy development of the insurance market, the Measures are formulated according to the Insurance Law of the People's Republic of China (hereinafter referred to as "the Insurance Law").
Article 2 The insurance company referred to herein shall mean a commercial insurance company approved to be established by insurance regulators and registered according to law.
Article 3 The capital security deposits referred to herein shall mean funds equal to 20% of total registered capital of an insurance company which are set aside after its establishment according to provisions of the Insurance Law and which may not be used unless for settling debts during the liquidation of the insurance company.
Article 4 China Insurance Regulatory Commission (hereinafter referred to as "CIRC") shall supervise and regulate the capital security deposits of insurance companies according to law, and the set-aside, deposit and disposal of capital security deposits as well as other acts of insurance companies shall be consistent with provisions hereof.
Article 5 Insurance companies shall set aside and deposit capital security deposits in full amount and in a secure and steady manner.
Chapter II Deposit
Article 6 Insurance companies shall choose two or more commercial banks as the deposit bank of capital security deposits.
......
According to the Circular of the National Financial Regulatory Administration on Issuing the Administrative Measures for Capital Margin of Insurance Companies (Jin Gui [2025] No. 18), this document has been repealed.
Circular of the China Insurance Regulatory Commission on Issuing the Administrative Measures for the Capital Security Deposits of Insurance Companies
Bao Jian Fa (2015) No.37
April 3, 2015
To Insurance Companies:
In order to further strengthen the supervision and regulation of the capital security deposits of insurance Companies, protect the interests of policy holders and safeguard the smooth and healthy development of the insurance market, according to the spirit of the Decision of the State Council on Issues concerning Cancelling and Adjusting a Batch of Administrative Examination and Approval Items (Guo Fa [2015] No.11), the China Insurance Regulatory Commission revised the original Administrative Measures for the Capital Security Deposits of Insurance Companies. The revised Administrative Measures for the Capital Security Deposits of Insurance Companies (hereinafter referred to as "the Measures") are hereby issued to you for your compliance and implementation.
Administrative Measures for the Capital Security Deposits of Insurance Companies
Chapter I General Provisions
Article 1 To strengthen the administration of the capital security deposits of insurance Companies and safeguard the smooth and healthy development of the insurance market, the Measures are formulated according to the Insurance Law of the People's Republic of China (hereinafter referred to as "the Insurance Law").
Article 2 The insurance company referred to herein shall mean a commercial insurance company approved to be established by insurance regulators and registered according to law.
Article 3 The capital security deposits referred to herein shall mean funds equal to 20% of total registered capital of an insurance company which are set aside after its establishment according to provisions of the Insurance Law and which may not be used unless for settling debts during the liquidation of the insurance company.
Article 4 China Insurance Regulatory Commission (hereinafter referred to as "CIRC") shall supervise and regulate the capital security deposits of insurance companies according to law, and the set-aside, deposit and disposal of capital security deposits as well as other acts of insurance companies shall be consistent with provisions hereof.
Article 5 Insurance companies shall set aside and deposit capital security deposits in full amount and in a secure and steady manner.
Chapter II Deposit
Article 6 Insurance companies shall choose two or more commercial banks as the deposit bank of capital security deposits.
......