Provisions on the Regulatory Duties of Dispatched Offices of the China Insurance Regulatory Commission
Provisions on the Regulatory Duties of Dispatched Offices of the China Insurance Regulatory Commission
Provisions on the Regulatory Duties of Dispatched Offices of the China Insurance Regulatory Commission
Order of the China Insurance Regulatory Commission [2016] No. 1
January 11, 2016
The Provisions on the Regulatory Duties of Dispatched Offices of the China Insurance Regulatory Commission, which were adopted upon deliberation at the office meeting of the Chairman of the China Insurance Regulatory Commission on December 17, 2015, are hereby issued and shall come into effect as of March 1, 2016.
Chairman: Xiang Junbo
Provisions on the Regulatory Duties of Dispatched Offices of the China Insurance Regulatory Commission
Article 1 These Provisions are formulated in accordance with laws and administrative regulations including the Insurance Law of the People's Republic of China with a view to defining the regulatory duties of dispatched offices, refining the supervision and management of the insurance industry and promoting the healthy development of the insurance industry.
Article 2 For the purpose of these Provisions, "dispatched office" refers to a regulatory administration dispatched by the China Insurance Regulatory Commission (hereinafter referred to as the "CIRC") to each province, autonomous region, municipality directly under the Central Government or city specifically designated in the state plan.
For the purpose of these Provisions, "insurance company branch" refers to a branch, central sub-branch, sub-branch, business office, marketing service office or exclusive agency legally established by an insurance company.
For the purpose of these Provisions, "insurance intermediary" refers to a legally established insurance agency, insurance broker, insurance loss adjuster or any branch thereof.
Article 3 The CIRC shall implement vertical leadership over and unified management of its dispatched offices.
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Order of the China Insurance Regulatory Commission [2016] No. 1
January 11, 2016
The Provisions on the Regulatory Duties of Dispatched Offices of the China Insurance Regulatory Commission, which were adopted upon deliberation at the office meeting of the Chairman of the China Insurance Regulatory Commission on December 17, 2015, are hereby issued and shall come into effect as of March 1, 2016.
Chairman: Xiang Junbo
Provisions on the Regulatory Duties of Dispatched Offices of the China Insurance Regulatory Commission
Article 1 These Provisions are formulated in accordance with laws and administrative regulations including the Insurance Law of the People's Republic of China with a view to defining the regulatory duties of dispatched offices, refining the supervision and management of the insurance industry and promoting the healthy development of the insurance industry.
Article 2 For the purpose of these Provisions, "dispatched office" refers to a regulatory administration dispatched by the China Insurance Regulatory Commission (hereinafter referred to as the "CIRC") to each province, autonomous region, municipality directly under the Central Government or city specifically designated in the state plan.
For the purpose of these Provisions, "insurance company branch" refers to a branch, central sub-branch, sub-branch, business office, marketing service office or exclusive agency legally established by an insurance company.
For the purpose of these Provisions, "insurance intermediary" refers to a legally established insurance agency, insurance broker, insurance loss adjuster or any branch thereof.
Article 3 The CIRC shall implement vertical leadership over and unified management of its dispatched offices.
......