China Justice Observer

中司观察

EnglishArabicChinese (Simplified)DutchFrenchGermanHindiItalianJapaneseKoreanPortugueseRussianSpanishSwedishHebrewIndonesianVietnameseThaiTurkishMalay

China to Strengthen Regulation on Administrative Licensing and Filing of Insurance Intermediaries

Thu, 16 Dec 2021
Categories: China Legal Trends

On 5 Nov. 2021, China Banking and Insurance Regulatory Commission issued the “Measures of Implementation for Administrative Licensing and Archival Filing of Insurance Intermediaries” (hereinafter “the Measures”, 保险中介行政许可及备案实施办法), which shall come into effect on 1 Feb. 2022.

With a total of 88 articles in six chapters, the Measures clarifies the scope, working conditions, application materials and application procedures for administrative licensing and archival filing of insurance intermediaries.

The administrative licensing of insurance intermediaries mentioned in the Measures include licensing for operating insurance agency business, licensing for operating insurance brokerage business, filing for operating insurance assessment business, and approval of qualifications of senior managers in professional insurance agencies and brokerage institutions.

Statistics show that, at the end of 2019, there had been 2,687 insurance intermediaries, over 30,000 part-time insurance agencies, and approximately nine million insurance marketers. Among the 2,687 insurance intermediaries, there are five insurance intermediary groups, 1,794 insurance agencies, 498 insurance brokerage institutions and 390 insurance assessment companies.

This huge group will be regulated by the Measures.

 

 

Cover Photo by wendy on Unsplash

Contributors: CJO Staff Contributors Team

Save as PDF

Related laws on China Laws Portal

You might also like

IOMed Settles First Case, Resolving China-Singapore Maritime Dispute

The newly established International Organization for Mediation (IOMed) has successfully resolved its inaugural case—a maritime charter dispute between Chinese and Singaporean parties—marking a major milestone for the world’s first government-backed global mediation body.

China Overhauls Arbitration Law for Global Alignment

Having entered into force on March 1, 2026, China’s first comprehensive revision of its 1995 Arbitration Law has introduced ad hoc arbitration, strengthened interim relief, and aligned the legal framework more closely with international standards.

Chinese Judgments Go Global: Emerging Systemic Challenges and Confidence Deficit

This post analyzes the historic rise in cross-border judgment enforcement involving China, specifically focusing on the persistent challenges hindering the recognition of Chinese judgments abroad. It identifies two primary obstacles—emerging legal hurdles regarding systemic due process and a "confidence deficit" among Chinese creditors—and argues that addressing these is essential to sustaining the framework of mutual recognition.