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Searching Content indexed under Insurance Laws and Products by Yuan Min ordered by Published Date Descending.
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Not Your Average Assignment of Contracts: New Provisional Measures Governing Transfers of Insurance Business
China Insurance Regulatory Committee has created provisional measures to regulate insurance transfers.
China
30 Sep 2011
2
New Disclosure and Methodology Requirements--New Reinsurance Provisions Broaden Offerings to International Reinsurers
The CIRC is looking at revising the Provisions on the Administration of the Reinsurance Business.
China
9 Aug 2011
3
The China Insurance Regulatory Commission has Announced that it will Pilot Allowing Insurance Funds to Invested in Affordable Housing Development Projects in Shanghai
Last Sunday during a press conference held during the National People's Congress, China Insurance Regulatory Commission (CIRC) Chairman Wu Dingfu announced that the CIRC is currently creating its policy for the use of insurance premium funds to invest government subsidized affordable housing projects. He specifically stated that China does not have a legal barrier to insurance companies investing insurance funds in affordable housing projects, and he also said that the CIRC plans making Shanghai
China
13 Mar 2011
4
The China Insurance Regulatory Commission has Announced that it will Create a Pilot Insurance Exchange Project in Shanghai
During a press conference held last week during the National People's Congress, China Insurance Regulatory Commission (CIRC) Chairman Wu Dingfu announced that the CIRC will set up an insurance exchange in Shanghai as part of the Chinese government's goal of making Shanghai an international finance centre.
China
13 Mar 2011
5
The China Insurance Regulatory Commission has Announced that it is Requiring its Local Offices to Issue Written Instructions for its Enforcement Staff to Reduce Illegal Activities in Bank Assurance Insurance Policy Sales
On February 18th, 2011 the China Insurance Regulatory Commission ("CIRC") Chairman Wu Dingfu made an announcement that the CIRC will be focusing more attention on regulating bank assurance based insurance policy sales. He noted that insurance purchasers are being given misleading advice about the best insurance policies for for their needs when they are consulting with insurance agents at Chinese banking institutions. The Chairman stated that protecting insurer purchasers interests is one of the
China
3 Mar 2011
6
The Shanxi Provincial China Insurance Regulatory Commission has Provided a Report on the Success of its Insurance Industry Transparency Project
Recently, the Shanxi Provincial China Insurance Regulatory Commission ("CIRC") provided a report on the results of its insurance industry transparency project. The overall goal of the project was to promote the stable, secure, and sustained development of the insurance industry in Shanxi province by meshing together government regulation, internal insurance ocmpany protocols, insurance industry self-regulation, and public participation in the insurance industry.
China
24 Feb 2011
7
China Implements New Rules for Registering Foreign Representative Offices
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 registered.
China
20 Feb 2011
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