Insurance insurance solvency of enterprises below 150% can apply for subordinated debt

Every reporter Huang Junling from Beijing yesterday (May 18), prepared by the State Council Legislative Affairs Office announced the China insurance regulatory Commission the insurance of subordinated term debt management procedures (draft for soliciting opinions) (hereinafter referred to as the draft), the consultation deadline is May 30. The daily economic news reporter upon enquiry found that the China insurance regulatory Commission, released in 2004 compared to the draft of the interim measures for the insurance of subordinated term debt management is the biggest change, allows insurance companies to subordinated debt to raise to early redemption after five years, and allowed creditors to transfer to qualified investors. 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 under views draft, insurance company pay ability adequate rate below 150% or is expected future two year pay ability adequate rate will below 150% of, can application raised secondary debt. Raise one can set foreclosure on subprime, redemption time should be set in the subordinated debt to raise five years later, the early redemption of subordinated debt under contract, you must ensure that after the redemption insurance company solvency ratio of not less than 100%, but subordinated debt contracts shall not require creditors with subordinated debt in back to the right of sale. Meanwhile, the draft also provided for the creditor may transfer of subordinated debt to other qualified investors. Statistics, issue subordinated debt has become one of the principal means of improving solvency of insurance companies. Only this year, successively huaan casualty, life, Taikang allowed to issue subordinated debt in a century, and just yesterday, Thai life insurance regulatory Commission also approved the letter to raise $ 450 million application for 10-year subordinated debt. "Manuscript statement" without the daily economic news authorized use, offenders. If you want to reprint or learn more about the highlights, log's official website: