The State Council has ordered the Foreign Enterprise
Representative Institution Registration and Administration
Regulations (Order of State Council No. 584) to come into force on
March 1st, 2011. This new regulation alters the rules for a foreign
insurance institution to register a representative office in China,
and it regulates the activities that a foreign insurance
institution representative office can engage in once it is properly
It establishes that after a foreign insurance institution has
received approval from the China Insurance Regulatory Commission to
open a foreign representative office the institution has 90 days to
register the representative office with the State Administration of
Industry and Commerce. Failure to properly register a
representative office or failure to adhere to the Chinese
government's requirements for the activities that a foreign
representative office can engage in will result in a fine of up to
RMB 500,000 ($76,000 US dollars) being levied against the
representative office, and this illegal activity could hinder a
foreign insurance institution's ability to expand its
activities in the Chinese market in the future.
If you have any questions about your representative office's
registration and the scope of activities it can engage in within
China please contact us immediately.
If you would like detailed information on the China Insurance
Regulatory Commission's approval and registration requirements
to set up a foreign representative office please contact us.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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The failure of a party to call a witness does not necessarily give rise to an adverse inference being drawn in accordance with Jones v Dunkel (1959) 101 CLR 298. An unfavourable inference is drawn only if evidence otherwise provides a basis on which that unfavourable inference can be drawn.
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