CBIRC clarifies rules for mutual agency of insurance companies

In order to further regulate the mutual agency business of insurance companies, the Intermediary Department of the China Banking and Insurance Regulatory Commission (CBIRC) issued the Notice on Issues Related to the Mutual Agency Business of Insurance Companies to the banking and insurance regulatory bureaus and insurance companies this week.

It clarifies the specific requirements of insurance companies for mutual agency.

Mutual agency service of insurance companies is an integral part of the insurance agency and an important sales channel for insurance companies.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/29/cbirc-clarifies-rules-for-mutual-agency-of-insurance-companies/.

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