Capital risk and enterprise security supervision to develop new rules

⊙ Reporter Liu Yufeng Lu Xiaoping 0 edit in order to further regulate insurer capital margin management, strengthen capital security regulation, administrative measures on the China insurance regulatory Commission yesterday issued a capital margin of the insurance companies (draft for soliciting opinions), specifically insurance companies capital margin can only be deposited in the net assets of not less than 20 billion yuan of national Chinese-funded commercial banks, storage period shall not be shorter than one year. So-called capital guarantee, means in accordance with the provisions of the Insurance Act, insurance companies set up in accordance with the extraction of the total registered capital of 20%, apart from debt when the liquidation of insurance companies not to use of funds. 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 in fact, because currently market funds surface relative tension, insurance funded capital margin became Bank pull deposits absorption raised fertile soil, insurance company capital margin store in people concerned of situation more has occurs, for insurance market smooth, and health development buried Xia hidden. Therefore, the proposed draft, insurance company capital margin should be deposited in the insurance companies corporate domicile, municipalities, cities or designated capital city of the banks, the Bank shall not have a related party relationship with our company. Furthermore, deposit insurance company in a Bank for a single currency can only open a special account for capital margin. Capital margin deposits during storage, such as deposit Bank does not comply with the measure, or there may have a significant adverse impact on capital margin of safe storage (for example, was punished by regulators for event of a major illegal event, insufficient capital adequacy ratio, and so on), the insurance company shall promptly report to the China insurance regulatory Commission, and capital margin rolled over to comply with the provisions of the Bank. Under the draft, each capital margin deposits must not be less than RMB 10 million Yuan (or equivalent foreign currency). Insurance companies to increase registered capital (working capital) less than RMB 50 million Yuan (or equivalent foreign currency), in accordance with the actual amount of capital increase and 20% deposit of a sum of capital deposit. In addition, the insurance deposit capital margin should be signed and intends to hold the Bank's head office or branch level the capital margin agreement. Without the approval of the China insurance regulatory Commission, the parties be allowed to revoke or change.