First in order to clear agency regulatory responsibilities, improve supervision and administration of the insurance industry, and promote the healthy development of the insurance industry, according to the People's Republic of China insurance law and other laws and administrative rules and regulations, this provision is enacted.
Second agency in these rules refers to the China insurance regulatory Commission (hereinafter referred to as the CIRC) assigned to each authority of the provinces, autonomous regions, municipalities, separately listed cities.
Insurance company branches in these rules, refers to the insurance company legally established branch, branch, branch, Business Department, marketing services and exclusive institutions.
Insurance intermediaries in these rules, refers to the establishment of insurance agencies, insurance brokerage, insurance assessment institutions and branches of these institutions. Third local Office of the China insurance regulatory Commission on the implementation of vertical, unified management.
The Agency directly accountable to the China insurance regulatory Commission, according to the China insurance regulatory Commission authorized to perform supervisory duties.
The CIRC and the provinces (autonomous regions and municipalities) Authority may authorize the supervisory branch to perform supervisory duties, the monitoring stations directly to their home province (autonomous regions and municipalities) regulatory Council.
Article fourth agencies perform their supervisory duties, shall abide by the law, the principle of openness, fairness and protect market order and protection of policyholders, insured persons and beneficiaries of insurance consumers, such as legal rights and interests.
Article fifth within the agencies responsible for the insurance company branches and market entry, exit, and supervision of insurance intermediaries.
Sixth within the agencies responsible for the insurance company branches and insurance intermediaries, insurance licensing, service and replacement.
Article seventh insurance company branches within the agency responsible for the qualification of senior management approval and supervision, responsible for monitoring the insurance company head of marketing services within.
Eighth insurance intermediaries within the agencies responsible for the Chairman, Executive Directors and senior management of the qualification approval and supervision, and insurance sales professionals, insurance brokerage practitioners and insurance assessment practitioners regulation.
Nineth branches on the area of insurance products sales regulation, claims and other services, on the area of branches of insurance companies insurance, insurance rates, as well as on the implementation of the insurance product information disclosure Regulation.
Agency of the tenth on the area of insurance intermediary business, financial, information disclosure, security and professional liability insurance for supervision.
11th article sent institutions is responsible for area within following regulatory work: (a) consumers interests protection; (ii) petition and reported processing, Government information public; (three) anti-money-laundering, and anti-insurance fraud, and anti-illegal fund-raising, and case risk management; (four) investigation illegal business commercial insurance business or illegal engaged in insurance agent business, and insurance brokers business; (five) insurance information security management; (six) insurance credit system construction.
12th within the agencies responsible for audits, management of insurance statistics, investigation of local insurance market conditions and trends, and timely reporting to the CIRC has major issues that may affect the normal operation of the local insurance market.
13th agencies under the provisions of the China insurance regulatory Commission, and perform related duties as solvency regulation.
14th within the Agency are responsible for the area of the following agencies on-site inspection and off-site supervision: (a) the branches of insurance companies and insurance intermediaries, (ii) to implement on-site examination and off-site monitoring other bodies; (c) the local Office of the China insurance regulatory Commission authorized or entrusted to conduct inspections and off-site supervision of other agencies.
15th provision agencies according to the China insurance regulatory Commission, to regulate the matters related to the insurance companies incorporated within the jurisdiction.
16th dispatched institutions under the provisions of the China insurance regulatory Commission, impose administrative penalties or take other regulatory measures.
Arranged in the 17th district improve regulatory branch of the Agency shall perform the following duties: (a) the administrative reconsideration of the regulatory branch of the respondent within the jurisdiction, (ii) the areas supervisory branch within comments is not satisfied with the complaint review, (iii) admissibility branch on the area of supervision of insurance consumer complaint handling decisions taken by objections to verify applications.
18th other provisional agency should work with financial regulators and relevant government departments to establish a division of collaboration mechanism.
19th agency guidance and supervision according to law within the jurisdiction branch of insurance companies and insurance intermediaries training of senior managers.
Agency to guide and supervise the area insurance industry association, the Trade Association of insurance intermediaries, the Insurance Institute and other industry organizations.
20th supervisory duties of the Agency of the China insurance regulatory Commission otherwise provides, from its provisions.
21st article of the CIRC is responsible for interpretation. 22nd article of the regulations come into force on March 1, 2016. The China insurance regulatory Commission on June 30, 2004, issued by the local Office of the China insurance regulatory Commission supervision regulations (the China insurance regulatory Commission (2004), 7th) repealed simultaneously.
