Reply on Issues Concerning the Foreign-Funded Insurance Firms' Establishment of Sales Service Department
Bao Jian Ting Han  No. 445
Dalian Insurance Regulatory Bureau,
Your bureau asking for Instruction on Issues Concerning Heng An Standard Life Insurance’s Application for Establishment of Sales Service Department (Lian Bao Jian Fa  No. 174) was received, which is, through deliberation, hereby replied as follows:
The Rules on the Administration of Insurance Companies fails to specify the division of functions of China Insurance Regulatory Commission and its detached agency on the examination and approval of the establishment of an insurance company’s branch. In accordance with Article 18 of the Rules on the Administration of Insurance Companies, the detached agency may approval of the establishment of the sales service department only if one applicant itself can meet the relevant requirements.
China Insurance Regulatory Commission
December 18, 2009