China Insurance Regulatory Commission On The Revision Of The Insurance Agency Regulations On Decision

Original Language Title: 中国保险监督管理委员会关于修改《保险专业代理机构监管规定》的决定

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Read the untranslated law here: http://www.chinalaw.gov.cn/article/fgkd/xfg/gwybmgz/201311/20131100393565.shtml

China insurance regulatory Commission on the revision of the insurance agency regulations on decision

    (April 27, 2013, China insurance regulatory Commission [2013] 7th release come into force on the date of promulgation) China insurance regulatory Commission decides on the insurance agency regulations read as follows: One of the seventh paragraph is amended as: "the establishment of insurance agency companies, the minimum amount of the registered capital of RMB 50 million Yuan, except as otherwise stipulated by the Circ.

    ”

    Second, by deleting article 12th.

    Purposes from the date of publication of this decision.

    Insurance professional agency of the corresponding changes in the regulations in accordance with this decision and publish it again.

    Report: insurance agencies regulation 2013 (revised) (September 25, 2009 2009 5th China insurance regulatory Commission, released on April 27, 2013, China insurance regulatory Commission [2013] 7th release come into force on the date of promulgation of the China insurance regulatory Commission on amendments to the insurance agency decision amendments to regulations)

    Chapter I General provisions

    First in order to standardize the insurance agency business, protect the legitimate rights and interests of the insured, maintain market order and promoting the healthy development of the insurance industry, according to the People's Republic of China insurance (hereinafter referred to as the Insurance Act) and other laws and administrative rules and regulations, this provision is enacted.

    Second insurance agency in these rules refers to the delegate under the insurance companies, insurance brokerage, insurance companies authorized to Transact insurance business exclusively within the scope of the institutions, including insurance companies and their branches.

    People's Republic of China set up insurance agencies, shall conform to the China insurance regulatory Commission (hereinafter referred to as the CIRC) eligibility conditions under, business insurance agent license (hereinafter licence).

    The third insurance agency shall comply with laws, administrative regulations and the relevant regulations of the China insurance regulatory Commission, the principles of voluntariness, honesty and fair play.

    Fourth Chinese insurance under the Insurance Act and authorized by the State Council, insurance professional agency to perform supervisory duties.

    Agency of the China insurance regulatory Commission, perform his supervisory duties within the scope of authority of the Circ.

    Chapter access

    Section I establishment

    Article fifth unless otherwise prescribed by the China insurance regulatory Commission, insurance agency shall take the following form:

    (A) the limited liability company;

    (B) limited.

    Established by article sixth insurance company, subject to the following conditions:

    (A) shareholders, sponsors in good standing, the last 3 years has no record of serious violations;

    (B) the registered capital of the People's Republic of China Act (hereinafter referred to as the Act) and the minimum limit;

    (C) comply with the relevant provisions of the Constitution of the company;

    (D) the Chairman, the Executive Directors and senior managers in accordance with the prescribed qualifications;

    (E) have a sound organizational structure and management system;

    (Vi) there is commensurate with the scale of permanent residence;

    (VII) commensurate with the business of business, financial, and computer hardware and software;

    (H) the laws, administrative regulations and other conditions stipulated by the Circ.

    Article seventh insurance agency, the minimum amount of the registered capital of RMB 50 million Yuan, except as otherwise stipulated by the Circ.

    Insurance company's registered capital must be paid in cash.

    Eighth article in accordance with the law and administrative regulations cannot be investment units or individuals, does not sponsor or shareholder insurance agency.

    Employees of insurance companies insurance agent companies, shall notify the insurance companies; insurance companies, insurance intermediaries, directors or senior managers of insurance agent companies, shall be in accordance with the relevant stipulations of the shareholders of the company law or the consent of the general meeting of shareholders.

    Nineth insurance agency should be included in the name of "insurance agent" or "insurance" typeface and font size shall not be the same as the existing insurance intermediaries, except otherwise stipulated by the Circ.

    Article tenth established insurance company, all shareholders or all the promoters should be appointed representative or jointly entrusted agent applying to the China insurance regulatory Commission. 11th insurance agency affiliates include branch, Business Department.

    Insurance agent company applying for the establishment of a branch shall satisfy the following conditions:

    (A) the integrity of the internal control system;

    (B) meet the requirements of this provision of the registered capital;

    (C) the functioning of existing institutions, and no major violation within 1 year prior to the application;

    (D) the Chief to be appointed in accordance with the prescribed qualifications;

    (E) the branches have to be established to meet the requirements of business premises and other business-related facilities.

    12th China insurance regulatory Commission after receiving the insurance agency an application, you can risk the applicant suggests that talks on applications for the establishment, inquiries, understanding of proposed branch of the market development strategy, business development, internal control systems, personnel structure and other related matters.

    Circ may organization site acceptance according to actual needs.

    13th China insurance regulatory Commission approved the establishment of insurance agencies according to law, shall issue licenses to applicants.

    Upon receipt of the license of the applicant, shall, in accordance with the relevant provisions of industrial and commercial registration, license before they can practice.

    Insurance agent license within 90 days of the date, without a legitimate reason not to register with the Administrative Department for industry and commerce, their licenses lapse.

    14th insurance agency established by law, shall from the date of registration in the 20th, written reports, China insurance regulatory Commission.

    15th Division, merger or change of an insurance agency company organization shall be approved by the China insurance regulatory Commission.

    16th of an insurance agency in any of the following circumstances, it should be since the date of the event in the 5th, CIRC written report:

    (A) the change of name or branch name;

    (B) change of domicile or branch business premises;

    (C) the sponsor, major shareholders change name or title;

    (D) change of major shareholders;

    (E) changing registered capital;

    (F) ownership structure changes;

    (G) amend the company's articles;

    (H) revocation of branches.

    17th an insurance professional agency changes related to licensing contents, shall be returned to the original license and obtain a new license, and in accordance with the relevant provisions of the administrative measures for insurance licenses for announcements.

    Article 18th insurance agent license is valid for 3 years, insurance agent shall, on the expiry of 30th to the China insurance regulatory Commission to seek an extension. Insurance Agency for renewal of the license of the company, the China insurance regulatory Commission licenses prior to the expiry of the insurance agency 3 years before the business of the company to conduct a comprehensive review and evaluation, and make a decision on whether to approve an extension license.

    Decides not to continue, and shall state the reasons in writing.

    Insurance Agency shall, from the date of receipt of the decision in the 10th to surrender the original certificate of the CIRC; approve the extension of validity, should receive a new license.

    Section II qualifications

    Article 19th insurance agency in these rules refers to the following senior management personnel:

    (A) the insurance company's General Manager, Deputy General Manager or managers with the same terms of reference;

    (B) the insurance company Branch Chief.

    Article 20th insurance agency to be appointed Chairman, Executive Directors and senior management officers shall meet the following conditions, and approved by the China insurance regulatory Commission:

    (A) University degree or above;

    (B) holders of qualification certificates stipulated by the Circ;

    (C) engaged in economic work for more than 2 years;

    (D) have management capabilities required to perform their duties, be familiar with insurance laws, administrative regulations and the relevant provisions of China insurance regulatory Commission;

    (E) the honest and trustworthy, of good character.

    Engaged in financial work for more than 10 years, is not subject to the preceding paragraph (a) the restrictions served as senior managers of financial institutions for more than 5 years or management positions for more than 10 years, may not be subject to subparagraph (b) limits.

    147th article 21st company law article or in any of the following circumstances shall not act as insurance agency Chairman and Executive Directors or senior managers:

    (A) as was revoked licenses for illegal insurance companies or insurance intermediaries the directors, supervisors or senior management personnel, and on the personal responsibility of the revoked license or direct leadership responsibilities, from the date the license was revoked less than 3 years;

    (B) for violation of law or discipline financial institutions by financial regulators to cancel the qualification of the directors, supervisors or senior management personnel, cancellation is not more than 5 years from the date of qualification;

    (C) is prohibited within a certain period by financial regulators in the financial world, the term is not full;

    (D) supervised by the financial institutions a warning or a fine of not more than 2 years;

    (E) is subject to judicial organs and discipline inspection and supervision departments or financial regulator survey;

    (Vi) other circumstances as stipulated by the Circ.

    22nd without the shareholder meeting or the shareholder General Assembly agreed that the insurance professional agency directors and senior managers of institutions shall not be in conflict of interest in part-time positions.

    Article 23rd insurance agency complained to Circ Chairman, Executive Directors and senior management the qualification approval application, shall fill in the application form, submit the relevant materials.
Insurance can be a professional agency to be appointed by the CIRC Chairman, Executive Directors and senior management personnel to inspect or conversation.

    Article 24th insurance agency Chairman, Executive Directors and senior managers of insurance agency internal transfer, part-time or lower-level positions at the same level without approved qualifications again.

    Insurance Agency from Chairman and Executive Director, senior management positions or agreeing to resign, the qualifications automatically invalidated.

    Insurance professional agency appointment and removal of the Chairman, Executive Directors and senior managers, it should be since the date of the decision in the 5th, written reports, China insurance regulatory Commission.

    25th insurance agency Chairman, Executive Director and Senior Manager indicted for alleged involvement in economic crimes, insurance agency shall from the date of the filing of the suit within 5th and closing date of the 5th in the written report to the Circ. Article 26th insurance agency in exceptional circumstances to appoint interim head, shall from the date of appointment decisions within 5th written reporting to the Circ.

    Interim Head of time shall not exceed 3 months.

    Chapter III rules

    Section I General provisions

    27th insurance agency licenses should be placed at domicile or place of prominent positions.

    28th insurance agency can operate the following insurance agency business:

    (A) sales of insurance products;

    (B) Agency premiums;

    (C) the insurance agent business exploration and settlement of losses;

    (D) other business approved by the China insurance regulatory Commission.

    29th insurance professional acting in the place of incorporation of the company outside the province, autonomous region, or municipality directly under the activities of insurance agents, branches should be established.

    Insurance company branch location of a business area shall not exceed the province, autonomous region, or municipality.

    Article 30th insurance agency employees shall comply with the conditions stipulated by the CIRC, holds qualification certificates stipulated by the Circ.

    Insurance practitioners in these rules refers to the insurance agency, engaged in the sale of insurance products or related loss survey, claims and other business people.

    31st an insurance agent for insurance institutions in China should be on the Agency's legal and operational knowledge of training and education.

    Insurance Agency employees not less than 80 hours of pre-service training, induction year after receiving training and education of time shall not be less than 36 hours, received his legal training and education of professional ethics of the time which shall not be less than 12 hours.

    Article 32nd insurance agency shall set up account books record insurance agency business income and expenses.

    Insurance agents collected premiums, should open an independent collection of premium accounts are settled.

    33rd insurance agency shall establish a complete specification of the business records, business records shall include at least the following:

    (A) the basic situation of agents selling insurance policies, including the insurer, the insured, the name or names of the insured, insurance agency product name, amount, insurance, payment methods, etc;

    (B) the premium collection and delivery agent of insurance companies;

    (C) amount of insurance agent commissions and charges;

    (Iv) other business-critical information.

    Insurance Agency of record shall be true and complete.

    Article 34th insurance agency shall properly manage and use agent insurance companies offer a variety of documents and materials after termination of the agency relationship, should be the remaining 30th documents and materials delivered by agents insurance companies. 35th insurance agency to engage in the insurance business, shall, together with the principal-agent contract agent insurance companies sign a written, legally agreed rights and obligations of both parties and other matters.

    Principal-agent contract shall not violate laws, administrative regulations and the relevant regulations of the China insurance regulatory Commission.

    Article 36th insurance agency shall draw up a specification for customer notification, and presented to the customer in conducting its business.

    Customer notification shall at least include the insurance agency and agent of the insurer's name, place of business, scope of business, contact and other basic issues.

    Insurance Agency and its directors, senior managers and agents related to insurance companies, or agency relationship exists, it should be explained in the customer notification.

    37th insurance agency shall provide clear prompt insurance contract exempt from liability or exclusion, surrender and other expenses, cash value, hesitate to articles.

    Article 38th insurance company shall apply for registration within 20th of insurance against professional liability insurance payment or deposit.

    Insurance Agency shall insure professional liability insurance or paid after the date of deposit in the 10th, will copy of professional liability insurance policy or guarantee deposit agreement copy of deposit accounted for copies of original documents submitted to the China insurance regulatory Commission.

    39th insurance agency company insurance against professional liability insurance, you should ensure that the insurance remains in force.

    Insurance companies insure professional liability insurance policy limits of compensation for an accident shall not be less than RMB 1 million Yuan, limit of indemnity in aggregate of one-year insurance policy shall not be less than 5 million Yuan, but shall not be less than twice times the operating income last year of insurance agencies.

    Professional liability insurance indemnity reached RMB 50 million Yuan and can no longer increase the compensation amount of professional liability insurance.

    40th deposit margin of insurance agency companies, should the registered capital of 5% deposit insurance agents increase the registered capital of the company, there should be a corresponding increase in margin; insurance agency of margin deposit amounted to RMB 1 million, you can no longer increase margin.

    Insurance company's security should be based on bank deposit payment or any other form approved by the China insurance regulatory Commission. Security deposit in the form of deposits paid, should be stored in the bank accounts. Margin deposits shall be stipulated in the agreement: "without the written approval of the China insurance regulatory Commission, insurance companies are not allowed to use or dispose of margin. Obligations of the Bank does not review, should be used within the margins of the insurance agency bear joint and several liability for the debts of the company.

    ”

    41st professional insurance agent shall not use margin, but except in the following circumstances:

    (A) reduction of the registered capital;

    (B) the licence cancelled;

    (C) the insured eligible professional liability insurance;

    (D) other circumstances as stipulated by the Circ.

    Section II prohibited conduct

    42nd insurance agency shall forge, alter, lease, lend, transfer of licenses.

    43rd insurance agency business may not go beyond the scope of the provisions article 28th of the range.

    44th insurance agency to engage in the insurance business shall not exceed the agent of the insurer's business scope and operating areas; engage in the insurance business involving different coinsurance, remote underwriting business and master policy, otherwise provided by the China insurance regulatory Commission, from its provisions.

    45th insurance specializing in insurance agents and their employees acting in the course of business shall not be any of the following cheat policyholders, insured, beneficiary or the insurer's actions:

    (A) concealment or fabrication and important information relating to the insurance contract;

    (B) misleading sales;

    (C) counterfeiting, modification of insurance contracts, selling fake insurance documents, or provide false documents for the parties to an insurance contract;

    (D) the obstacles induced by policyholders to fulfil the obligation, or it does not fulfil the obligation;

    (E) the fictitious insurance agent or fabricate surrender personal insurance Commission;

    (F) false claims;

    (G) the collusion with the applicant, the insured or a beneficiary defrauds;

    (VIII) other dishonest acts of the insured, the insured, beneficiary or the insurance company.

    46th insurance specializing in insurance agents and their employees acting in the course of business shall not be any of the following acts:

    (A) the use of executive power, shareholder advantage or professional convenience, as well as any other illegal means, to force, induce or restrict the insured enters into an insurance contract or other legitimate business activities of insurance intermediaries;

    (B) misappropriation, interception, misappropriation of Golden insurance, surrender, or pensions;

    (C) given or promised to the insurance companies and their staff, an applicant, an insured or a beneficiary interests outside of the contract;

    (D) use of business facilities for other institutions or individuals seeking improper interests;

    (E) disclose in the course of business aware of the insured, the insured, the beneficiary or the insurance company trade secrets and personal privacy.

    47th insurance agency may with fabricating and spreading false facts or other means to damage the business reputation of competitors, not false advertising, false advertising or unfair competition actions disturb the market order.

    48th insurance agency may with illegal insurance or insurance intermediary business, institution or individual insurance agent business.

    49th insurance agency may buckle insurance commissions.

    50th insurance agency may replace the insured to sign insurance contracts.

    51st insurance agency is allowed to pay a fee or purchase an insurance product as a condition of hiring business people, not promised unreasonably high returns, shall not be directly or indirectly to the development the number of paid or sales in China as the main basis.

    Market withdrawal of the fourth chapter

    52nd insurance agency any of the following circumstances, CIRC isn't renewed the license validity period:

    (A) the expiry date of the license, no renewal;

    (B) ceases to comply with the provisions other than article sixth on the conditions established by the company;

    (C) the internal management, not operating properly;
(D) there are significant violations, does not have a valid rectification;

    (E) is not required to pay regulatory fees.

    53rd insurance agent for a license has expired, the continuation not valid according to law by the CIRC, or permits withdrawn, cancelled or revoked by law, shall organize liquidation according to law or the insurance agency business by clearing, settlement reporting to the CIRC or settlement reports.

    54th Insurance Agency Division or merger of the company to be dissolved, or according to the shareholders ' meeting, shareholders ' resolution for dissolution, or as specified in the articles of dissolution occurs, should be approved by the China insurance regulatory Commission and then disbanded.

    55th insurance agency companies dissolved, shall from the date of dissolution resolution in the 10th to the China insurance regulatory Commission to submit two copies of the following materials:

    (A) an application for dissolution;

    (B) the dissolution resolution of the general meeting of shareholders or shareholders;

    (C) liquidation and liquidation of Heads of organizations and their programmes;

    (D) other materials stipulated by the Circ.

    After the completion of liquidation, insurance agent shall submit to the China insurance regulatory Commission liquidation report.

    56th professional insurance agent company disbanded, found in the liquidation has been unable to repay debts and assets are insufficient to pay off the debt or the apparent lack of liquidity, it shall be filed for bankruptcy, liquidation and debts, in accordance with the statutory insolvency procedures.

    57th insurance agency is revoked business licenses, is dissolved, ordered to close down or declared bankrupt by court, it shall set up a group, in accordance with the statutory procedures for liquidation and settlement reporting to the Circ.

    Article 58th insurance agent for one of the following to exit the market, CIRC cancellation of licenses according to law, and make an announcement:

    (A) the expiry date of the license, the China insurance regulatory Commission isn't renewed in accordance with law;

    (B) the permit is withdrawn, revoked or cancelled by law;

    (C) insurance agency companies dissolved, revoked license, revoked, is ordered to close or is declared bankrupt according to law;

    (D) other circumstances as stipulated by laws and administrative regulations.

    Cancelled insurance professional license agent shall be promptly returned to the original license.

    59th insurance agency affiliates has any of the following circumstances, cancellation of licenses according to law by the CIRC, and make an announcement:

    (A) their insurance agent license is written off according to law;

    (B) is owned insurance agency revoked;

    (C) is ordered to close down or revoked according to law;

    (D) the permit is withdrawn, revoked or cancelled by law;

    (E) the provisions of laws and administrative regulations shall be revoked licenses of other cases.

    Cancelled license branches originals shall be returned to the license in a timely manner.

    Fifth chapter of supervision and inspection

    60th insurance agency shall, in accordance with relevant regulations of the China insurance regulatory Commission timely, accurate, complete and submit the relevant reports, statements, documents and information submitted to the China insurance regulatory Commission requirements related to the electronic text.

    Insurance agencies submit reports, reports and information should be made by legal representatives, principals or their authorized signature, and affix the seal of the institution.

    61st insurance agency shall keep business records, account books, business ledgers, and Commission income the original receipts and other relevant information, retention calculated from the date of termination of the insurance contract, the insurance period by 1 year of not less than 5 years, during more than 1 year of insurance shall not be less than 10 years.

    62nd insurance agency shall be required to deliver the regulatory fees to the account specified by the Circ.

    63rd insurance agency shall, within 3 months after the end of each fiscal year the company hired the accounting firm of the company's assets, liabilities, profits and other financial audit and related audit report submitted by the Circ.

    Circ as needed, you can demand a specific external audit report from insurance agents.

    64th China insurance regulatory Commission, according to regulatory needs, insurance can be a professional agency of the Chairman and Executive Directors or senior management staff to monitor the conversation, requires a description of the major issues in their business activities.

    65th Circ insurance agency to conduct an on-site inspection in accordance with law, including, but not limited to the following:

    (A) institution set up, whether the change is approved according to law or to fulfil their reporting obligations;

    (B) the capital is true, full;

    (C) deposit extraction and the use of compliance;

    (D) the professional liability insurance compliance;

    (E) the legality of the business;

    (Vi) financial situation is good;

    (G) report to the China insurance regulatory Commission, reports and data are timely, complete and true;

    (H) the internal control system is perfect, and the effective implementation;

    (I) appointing the Chairman, Executive Directors and senior management of compliance;

    (10) in China have effectively fulfilled their regulatory responsibilities;

    (11) the external announcement is timely, true;

    (12) computer configuration and system health is good.

    66th insurance agency of China insurance regulatory Commission investigation for the following reasons, was ordered to stop by during the investigation, the China insurance regulatory Commission has the right to some or all of your business:

    (A) the alleged serious violations of insurance laws and administrative regulations;

    (B) there is significant risk from operating activities;

    (C) do not operate properly.

    67th insurance agency shall be in accordance with the following requirements with the CIRC inspection work, and may not refuse or interfere with the Chinese insurance regulatory Commission shall supervise and check:

    (A) relevant documents and materials as required, without delay, transfer or concealment;

    (B) managers, financial officers and employees shall be required to be present to explain the situation and answer the questions.

    68th insurance agency any of the following circumstances, the CIRC may be listed as key targets:

    (A) business or financial transactions;

    (B) failing to submit reports, statements or providing false reports, statements, documents and information;

    (C) the alleged significant violations or a China insurance regulatory Commission on administrative penalties;

    (D) the CIRC deems it necessary to focus on other cases.

    69th in on-site inspections, the CIRC may, delegate accounting firms and other intermediary organs to provide related services; commissioned the Agency to provide services, shall sign a written trust agreement.

    Commitments should be informed of any check by the CIRC insurance agency.

    70th professional insurance agents think the inspectors violate laws, administrative regulations and the relevant regulations of the China insurance regulatory Commission, can contribute to the CIRC report or complaint.

    Insurance Agency is entitled to the China insurance regulatory Commission administrative measures administrative reconsideration or administrative litigation.

    The sixth chapter legal liability

    71st has not been approved, any establishment of insurance agents, or without a license and illegally engage in insurance business, be banned by CIRC, confiscate the illegal income and illegal gains more than 1 time penalty of 5 times, no less than 50,000 yuan of illegal income or the illegal income, fines of between 50,000 yuan and 300,000 yuan.

    72nd administrative license applicants to conceal the situation or provide false information to apply for the establishment of insurance agencies or other administrative licensing, inadmissible or not approved by the CIRC, and give a warning, the applicant may not apply again in 1 year the administrative license.

    73rd licensee through fraud, bribery or other improper means to establish insurance agency or to obtain permission from the China insurance regulatory Commission on administrative, be revoked according to law by the CIRC, on the licensee in a warning and a fine of 10,000 yuan applicants allowed to re-apply in 3 of the administrative license.

    74th an insurance professional agent without approval to set up branches or change the Organization, by the China insurance regulatory Commission ordered corrective action and penalty of between 50,000 yuan and 10,000 yuan; for the Agency in charge and other personnel directly responsible for and give a warning and a fine of between 10,000 yuan and 30,000 yuan.

    75th article insurance professional agent institutions without approved merged, and Division, and dissolved, or occurred 16th article by column matters not by provides report of, by China Circ ordered corrected, give warning, no illegal proceeds of, at 10,000 yuan following fine, has illegal proceeds of, at illegal proceeds three times times following of fine, but highest shall not over 30,000 Yuan; on the institutions directly is responsible for of competent personnel and other responsibility personnel, give warning, at 10,000 yuan following fine.

    76th insurance professional Agency employed do not have qualification, qualification of personnel, by the China insurance regulatory Commission ordered corrective action and penalty of between 100,000 yuan and 20,000 yuan; for the Agency in charge and other personnel directly responsible for and give a warning and fined a maximum of between 50,000 yuan and 10,000 yuan.

    77th insurance specializes in Agency leasing, lending or transfer of licences, by the China insurance regulatory Commission ordered corrective action and penalty of between 100,000 yuan and 10,000 yuan in serious cases, closed for rectification or revoke the permit on the institution in charge and other personnel directly responsible for and give a warning and fined a maximum of between 50,000 yuan and 10,000 yuan.

    78th insurance agency has one of the following, by the China insurance regulatory Commission ordered corrective action and give a warning and no illegal proceeds, fines of between 10,000 yuan, has illegally obtained, fined not more than three times the illegal income, but shall not exceed a maximum 30,000 Yuan:

    (A) beyond the approved business scope, management engaged in business activities in the region;

    (B) exceeds proxied business scope, management of insurance companies engaged in business activities in the region;

    (C) illegal insurance or insurance intermediary business, unit or individual insurance business;
(Iv) management, insurance companies not according to stipulations in the delivery of a variety of documents and materials.

    79th insurance agency has one of the following, by the China insurance regulatory Commission ordered corrective action and fined a maximum of 20,000 yuan and 100,000 yuan in serious cases, closed for rectification or revoke the permit on the institution in charge and other personnel directly responsible for and give a warning and fined a maximum of between 100,000 yuan and 10,000 Yuan:

    (A) the deposited security or unauthorized use of margin not according to stipulations;

    (B) does not requires insurance against professional liability insurance or does not maintain the continuity and effectiveness of professional liability insurance;

    (C) in accordance with stipulations set up special account books record business income and expenses.

    80th insurance agency in violation of the provisions of article 36th, was not made according to the rules, produces customer notification, by the China insurance regulatory Commission ordered corrective action and give a warning to fines of between 10,000 yuan; for the Agency in charge and other personnel directly responsible for and give a warning, fines of between 10,000 yuan.

    81st insurance agents and their employees have to the article 45th, 46th, one of the circumstances listed, by the China insurance regulatory Commission ordered corrective action and fines of between 50,000 yuan and 300,000 yuan in serious cases, to revoke a permit; for the Agency in charge and other personnel directly responsible for and give a warning and fined a maximum of between 100,000 yuan and 30,000 yuan.

    82nd insurance agencies and their employees to conduct insurance agent business to take advantage of the Executive will seek illegal interests in insurance agency business, given a warning by the CIRC, fines of between 10,000 yuan.

    83rd insurance agency in violation of the provisions of article 47th, granted by the China insurance regulatory Commission warned that no illegal proceeds, fines of between 10,000 yuan, has illegally obtained, fined not more than three times the illegal income, but shall not exceed a maximum 30,000 yuan; for the Agency in charge and other personnel directly responsible for and give a warning, fines of between 10,000 yuan.

    84th insurance agency in violation of the provisions of article 51st, CIRC in a warning and a fine of 10,000 yuan; for the Agency in charge and other personnel directly responsible for and give a warning, fines of between 10,000 yuan.

    85th article insurance professional agent institutions not by this provides submitted or custody about report, and report, and file or information of, or not by provides provides about information, and information of, by China Circ ordered deadline corrected; late not corrected of, at 10,000 yuan above 100,000 yuan following fine; on the institutions directly is responsible for of competent personnel and other responsibility personnel, give warning, and at 10,000 yuan above 50,000 yuan following fine.

    86th of an insurance agency in any of the following circumstances, by the China insurance regulatory Commission ordered corrective action and fines of between 100,000 yuan and 500,000 yuan in serious cases, may limit the scope of business, shall be ordered to stop accepting new business or revoke license; directly responsible for the Agency in charge and other personnel, given a warning and a fine below 50,000 yuan and 100,000 Yuan:

    (A) prepare or provide a false report, report, document or information;

    (B) refuse or obstruct the supervision and inspection.

    87th insurance agency has one of the following, by the China insurance regulatory Commission ordered corrective action and give a warning and no illegal proceeds, fines of between 10,000 yuan, has illegally obtained, fined not more than three times the illegal income, but shall not exceed a maximum 30,000 yuan; for the Agency in charge and other personnel directly responsible for and give a warning, fines of between 10,000 Yuan:

    (A) pay regulatory fees not according to stipulations;

    (B) in accordance with stipulations placed at the residence or place of business licenses;

    (C) surrender their license not according to stipulations;

    (D) without a permit in accordance with the provisions for registration of change or fails to apply for continuation of the license;

    (E) managing business archives not according to stipulations;

    (Vi) not complying with the requirement to use separate accounts to collect insurance premiums;

    (VII) the interim head of the actual term in excess of the prescribed period;

    (VIII) not the provisions of this notice;

    (I) from the sat button in your insurance agents commissions;

    (J) the applicant signed the contract.

    88th 166th in violation of the Insurance Act to section 172, if the circumstances are serious, the CIRC may directly responsible to the head of personnel and other persons directly responsible to withdraw qualification or qualifications.

    89th in violation of provisions of laws and administrative regulations, the circumstances are serious, the CIRC may prohibit the persons concerned until a certain time for life to enter the insurance industry.

    90th insurance professional directors, officers or employees of the Agency, was found during the original work after separation of insurance regulatory violations should be investigated for responsibility according to law.

    91st Circ found insurance agency suspected of evading taxes, illegal fund-raising, pyramid schemes, money-laundering, and so on, need to be governed by other bodies, should be transferred to other authorities or.

    Violation of these provisions, constitute a crime, the CIRC should be reported to the judicial authorities or transferred.

    The seventh chapter by-laws

    92nd insurance intermediaries in these rules refers to insurance agencies, insurance brokerage and insurance assessment institutions and their branches.

    93rd by the China insurance regulatory Commission approved the establishment of foreign-owned insurance agency applies the provisions of our participation in the relevant provisions of international treaties and the China insurance regulatory Commission, to apply its provisions.

    Partnership insurance agency establishment and management in the light of these provisions, otherwise provided by the China insurance regulatory Commission, to apply its provisions.

    94th article this provides various forms required by the format developed by the China insurance regulatory Commission.

    95th article of the provisions in the relevant period divided by years, months, and other, are based on working days, excluding holidays.

    Referred to in this provision the "upper" and "lower" are included in this figure.

    96th article of the regulations come into force on October 1, 2009, the China insurance regulatory Commission promulgated on December 1, 2004, the provisions on the administration of insurance agents (CIRC 2004 of 14th) repealed simultaneously. 97th before the implementation of the provisions of article insurance agency established by law continues to exist, does not contain all the prescribed conditions, specific measures prescribed separately by the China insurance regulatory Commission.