By Yuan Min, Wang Jianzhao , and Kirby Carder, King & Wood Insurance Department, Beijing Office 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… Continue Reading
Tag Archives: insurance company
The China Insurance Regulatory Commission has Announced that it will Create a Pilot Insurance Exchange Project in Shanghai
Posted in InsuranceBy Yuan Min, Wang Jianzhao , and Kirby Carder, King & Wood Insurance Department, Beijing Office During a press conference held last week during the National People’s Congress, China Insurance Regulatory Commission (CIRC) Chairman Wu Dingfu annouced that the the CIRC will set up an insurance exchange in Shanghai as part of the Chinese government’s… Continue Reading
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
Posted in InsuranceBy Yuan Min, Wang Jianzhao , and Kirby Carder, King & Wood Insurance Department, Beijing 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… Continue Reading
The Shanxi Provincial China Insurance Regulatory Commission has Provided a Report on the Success of its Insurance Industry Transparency Project
Posted in InsuranceBy Yuan Min, Wang Jianzhao and Kirby Carder, King & Wood Insurance Department 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… Continue Reading
China Implements New Rules for Registering Foreign Representative Offices
Posted in InsuranceByYuan Min, Wang Jianzhao , and Kirby Carder, King & Wood Insurance Department, Beijing The State Council has ordered the Foreign Enterprise Representative Institution Registration and Administration Regulations (Order of State Council No. 584) (《外国企业常驻代表机构登记管理条例》) to come into force on March 1st, 2011. This new regulation alters the rules for a foreign insurance institution to… Continue Reading