Three types of life insurance shall be reported to the China insurance regulatory Co30i36ion approval

Reporter Ding Bing of China insurance regulatory Commission 19th measures for administration of the personal insurance company insurance clauses and insurance rates (exposure draft) (hereinafter referred to as the way). The approach provides that insurance companies should be fair and reasonable to develop life insurance clauses and premium rates, the corporation responsible for the insurance clauses and insurance rates insurance regulatory Commission for approval or for the record. Where "Department of social insurance coverage in the public interest", "types of compulsory insurance by law" and "China insurance regulatory Commission provisions such as the development of new life insurance-insurance of" insurance terms and rates of the three types of life insurance should be submitted to the China insurance regulatory Commission for approval before use. Beyond that, the other line only shall be submitted to the China insurance regulatory Commission records. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture approach under provisions, insurance company to insurance regulatory Commission submissions insurance terms and premium rate record Shi, should submitted life insurance terms and premium rate record submissions material list table under, and insurance terms, and insurance rates table, and this company total fine is Division signed of related fine is report, and this company total fine is Division statement book, and this company legal responsibility people statement book and the insurance regulatory Commission provisions of other material. Except above material outside, for dividends insurance, and investment links insurance and universal insurance, approach under also requirements insurance company submitted financial management approach, and business management approach, and information disclosure management system and products manual presentation, which dividends insurance also should submitted dividend calculation and distribution approach, and income distribution and costs sharing principles, investment links insurance and universal insurance is be submitted including sales channel, and sales regional management approach, content of sales management approach. Concern is that the way insurance companies did not apply for approval in accordance with the provisions of the insurance clauses and insurance rates provides the appropriate liability in the case, that is, "the China insurance regulatory Commission ordered corrections, $ 300,000 of at least $ 50,000 of the fine is serious, you can limit the scope of its business, ordered to stop accepting new business or revoked business license. "The feedback deadline on June 6, 2011.