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Cbcirc regulates that non licensed Internet insurance institutions shall not carry out Internet insurance business

via:CnBeta     time:2020/9/29 7:00:24     readed:71

In order to effectively prevent and resolve risks, protect consumers' rights and interests, and promote the high-quality development of Internet insurance business, the China Banking and Insurance Regulatory Commission has drafted the "Internet insurance business supervision measures (Draft)". A few days ago, we asked for public opinions.The measures strengthen the principle of licensed operation, that is, Internet insurance business should be carried out by insurance institutions established according to law, and other institutions and individuals are not allowed to carry out Internet insurance business.

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The Internet insurance business of an insurance institution shall not exceed the business scope specified in its license (filing form). The insurance institutions mentioned in the measures include insurance companies (including mutual insurance organizations and Internet insurance companies) and insurance intermediaries. (reporter Huang Xiaoli)

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