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Index

Regulation of Insurance in China,The


Page 1367

Index

Index

  • Accidental injury insurance 400
  • Accountability, internal control 305
  • Account segregation 1044
  • Accumulation period 1062
  • Acquisition of a listed company 625
  • Acquisition of shares of a listed company 819
    • disclosure of capital use information 819821
  • Actual capital 548
  • Actuary
    • insurance clauses and premium rates for property insurance 365366
    • personal insurance 405406
    • regulation of 449451
  • Adjusters 922n21
  • Administration of Insurance Security Fund 536
  • Administrative licensing
    • insurance institutions 143144
    • insurance permits and 145148
    • principles of 144145
    • provisions on implementation procedures 148157
    • scope of 146148
    • types and content of insurance permits 148
  • Administrative Licensing Law of China 157 , 162 , 351 , 403 , 403n182
  • Administrative regulations by State Council 42 47
    • agriculture insurance 4344
    • compulsory motor vehicle traffic accident liability insurance 44
    • deposit insurance regulation 4445
    • foreign-funded insurance companies 4243
    • opinions on development of insurance industry 4547
  • Admitted assets 538n37 , 548
  • Admitted liabilities 538n37 , 548
  • Advertising or selling insurance, See also Information notification
    • administration of salespersons 470475
    • conduct of salespersons 468475
    • information notification in sales process 475479
    • products 468
    • prohibited conduct of salespersons 469
    • regulation the conduct of insurers 467483
    • supervision and administration of salespersons 468470
  • Advisory mediation 1308n168
  • Affiliated transactions, disclosure of capital use information 816 818
  • Affiliates 816
  • Affiliation 661
  • Agency
    • authority of agent 828831
    • Contract Law of the Civil Code 828, 831832, 835
    • duties of insurance intermediaries 831
    • establishment of insurance intermediaries 834
    • general principles 828835
    • General Provisions of the Civil Code 828n14, 828829, 831, 835
    • liabilities of insurance intermediaries 832833
    • power and authority 828829
    • prohibited conduct 832834
    • ratification 829831
    • right of insurance intermediaries 832
    • termination of 835
    • transfer of agency 831
    • types of authority 829
  • Agents 825 , See also Insurance agents

  • Page 1368

    Agriculture and Animal Husbandry Insurance Company, 20 , 22 , 1091
  • Agriculture insurance, 19 , 1087 1088 , See also Crop insurance; Self-regulation of agriculture insurance
    • breeding insurance 1087, 1092
    • business operating rules 10981100
    • catastrophe risk reserves of 11131116
    • catastrophe risk-spreading mechanisms 1096, 1158
    • categories 1087
    • claims handling 11191121
    • contracts 10961098
    • contracts clauses and premium rates 11081111
    • coordinated advancement 1094
    • definition 1087
    • development in China 10901093, 11561158
    • drafting of clauses on products (Central Treasury) 11111113
    • free will 1094
    • further development 11321138
    • government guidance 1094
    • grassroots service network 1096
    • improving service capacity 11331134
    • insurance premium subsidies and tax preference 1095
    • insurance underwriting 11161118
    • legal liability 11001101
    • main targets 1133
    • market operation 1094
    • optimizing operating mechanism 11341135
    • organization and implementation 11371138
    • overview of regulatory framework 10881090
    • PICC Corn Insurance Clauses 1149, 11521153, 1156
    • Pilot Programme for catastrophe 11261128
    • Pilot Programme for grain crops 11281132
    • plantation insurance 1087
    • planting insurance 1092
    • premium subsidies by governments 11231126
    • principles of 10931095
    • qualification for insurance company conducting 11011108
    • regulation of 4344
    • self-regulation 11381149
    • social role of 10
    • State Council’s regulation of 10931101
    • strengthening construction of infrastructure 11361137
    • typical crop insurance clauses 11491156
    • underwriting and claim handing 11161123
  • Agriculture insurance plus 1135
  • Agriculture-related insurance 1101
  • American Insurance Assurance Co., Ltd. 412
  • American International Assurance Co., Ltd. (AIA) 21 , 1268
  • Ancillary risks insurance
  • Annual asset allocation plan 761
  • Annual information 326
  • Annuity insurance 399 , 400
  • Annuity plan 1036
  • Anti-fraud mechanism, internal control 305
  • Arbory Group Ltd. v West Craven Insurance Services, 893 , 893n54
  • Articles of Association
  • Assessment principles, asset and liabilities 550
  • Assessment report, internal control 306 307
  • Asset allocation, see Insurance asset allocation management
  • Asset and liability management, insurance companies 285 286
  • Asset classification
    • basic requirements for 813814
    • core definitions of 803804
    • equity assets 809812
    • fixed-income assets 805809
    • goals of five-grade risk-based 804805
    • organization and implementation of 814815

    • Page 1369

      principles of risk-based 804
    • real estate assets 812813
    • risk-based 803
    • supervision and administration of 815
    • supplementary provisions 815816
  • Asset management fees 1070
  • Asset securitization products 583
  • Assets Appraisal Law of China 919 , 938 , 938n99 , 952 , 954 , 960
  • Auditing, See also Internal audit of insurance companies
    • audit report 220222
    • directors and senior managers of insurance companies 218223
    • internal audit of insurance companies 223234
    • leaving-office audit 218
    • organization and implementation of 219220
    • special audit 219
  • Authentication, internal control 308
  • Bancassurance business
  • Bank deposits
    • assignment of responsibilities and authorization approval 784
    • control of investment implementation 785786
    • insurance funds in 584585
    • insurance funds utilization 574
    • internal control of insurance funds 783786
    • investment research control and decision-making 784785
    • post-investment management 786
  • Banking and insurance consumer complaints, term 1296
  • Banking and insurance institutions See also Protection of consumers
    • administration 1294
    • corporate governance 12861288
    • decision implementation 1290
    • departments for consumer rights and interests 12881290
    • information disclosure 12931294
    • internal evaluation 12911292
    • review mechanisms 1291
    • specialized committees 1295
    • supervision 1290, 1294
    • system and mechanisms for consumer protection 12841285
  • Banking and Insurance Regulatory Bureau (BIRB), 149 150 , 152 , 312 313 , 423 424 , 426 , 1106 1107
    • relevant work requirements 425
  • Banking and Insurance Regulatory Sub-Bureau 149 150 , 152
    • Banking Supervision and Administration Law of China 74, 149, 310, 314
  • Banking Supervision Law of China 873 , 1296 , 1303
  • Bargaining power, insurance regulation 7 9
  • Basic information 326 , 343
  • Basic management, internal control activity 298 301
  • Beijing Insurance Intermediary Association (BIIA) 1320 , 1327 1329
    • Articles of Association 1329
    • functions and business scope 13281329
    • missions of 1328
  • Beneficiary 651
    • infrastructure project investment 651652
    • rights after investment 651652
  • Board of directors , See also Directors of insurance companies; Meetings rules for board of directors
    • Articles of Association 202204, 206, 208
    • audit committee 198
    • Company Law 202, 204, 206n194195, 208
    • compliance duties 245
    • construction of 196198
    • duties and functions 196
    • functions of board of supervisors 198
    • independent director system 197
    • internal control duties 303304
    • management of equity matters 341342
    • nomination and remuneration committee 198
    • professional committee and 208209
    • related-party transactions 259, 260262
    • rules on meetings 209215
    • secretary of 216217
    • special committee 197198
    • working bodies of 216217
  • Board of supervisors
    • functions of 198
    • internal control duties 304

  • Page 1370

    Bonds See also Investment in bonds
    • insurance funds utilization 574575
  • Bornhuetter-Ferguson method (B-F method), 566 , 566n130 , 982
  • Branch offices
    • administrative measures for market access of 95
    • compliance management 243n365, 243244
    • formation of 9098
    • management of 9495
    • requirements for formation by Insurance Companies Provisions 9195
    • requirements for formation by Insurance Law 9091
    • supervision of market service departments 9698
  • Breeding insurance 1091 , 1124
    • Ministry of Finance on 1092
    • premium subsidies by government 1125
  • British Insurance Brokers’ Association (BIBA) 884 , 884n8
  • Brokers, reinsurance business 463
  • Business, See also Regulation of insurance business
    • regulation of insurer’s 12
  • Business commencement check
    • check assessment mechanism 89
    • follow-up evaluation and long-term regulation 90
    • insurance companies 8790
    • interview assessment 89
    • preparation planning 8788
    • shareholders’ qualification conditions 8889
  • Business management, agriculture insurance 1121 1122
  • Business management personnel 489n95
  • Business operation
    • evaluating insurance companies 527530
    • evaluation classes 528
    • evaluation frequency 529
    • evaluation indicators 528529
    • evaluation methods 529
    • evaluation of subjects 528
    • evaluation results 529530
  • Business rules, bancassurance 861 871
  • Business units, internal control duties 304
  • Capital guarantee funds 560 564
  • Catastrophe insurance, See also Earthquake catastrophe insurance
    • China’s natural disasters 11591160
    • China Urban and Rural Residential Building Earthquakes Catastrophe Insurance Pool (CECIP) 1162, 1164, 1167, 11711174, 1176, 11871188
    • definition 1159
    • implementation plan for urban and rural housing in earthquakes 11631170
    • implementation principles 11641165
    • legal framework for 11601162
    • pilot programme 1163
  • Catastrophe risk management 1140
  • Catastrophe risk reserves
  • Catastrophe risk-spreading mechanism
  • Causation 892
  • Central Treasury, drafting clauses of agriculture insurance subsidized by 1111 1113
  • Chain Ladder Method (CLM) 566 , 566n129
  • Chang Cheng Insurance Brokers Ltd. 883
  • Changjiang Pension Insurance Company 24
  • Cheating 485
  • Chief compliance officer 246 249
  • China Agricultural Insurance Reinsurance Pool 1130n232 , 1131
  • China Banking and Insurance Regulatory Commission (CBIRC), 2n3 , 10n24 , 15 , 26n80 , 28 , 35 , 38
  • China Banking Association 1285 , 1295
  • China Communist Party 1091 , 1124
  • China Consumer Association 525
  • China Earthquake Administration (CEA) 1163 , 1166
  • China Export & Credit Insurance Corporation 21
  • China Financial Futures Exchange 611
  • China Financing Guarantee Association 1295
  • China Insurance Consumer Confidence Index (CICCI) 1268
  • China Insurance Information Technology Management Co., Ltd., 525 , 526 , 527 , 1065
  • China Insurance News Joint-Stock Company 525
  • China Insurance Regulatory Commission (CIRC), 2n3 , 23 , 25 , 26 , 38
    • administrative licensing 143144
    • agriculture insurance 1088, 10901092, 10981099, 11011102, 1108, 1111, 1116
    • basic services of personal insurance business 494, 494n112
    • catastrophe insurance 1161, 1163
    • claim settlement 520
    • commercial motor vehicle insurance 373374, 380, 384, 392393, 395396
    • compliance management 243
    • comprehensive risk management 275
    • corporate governance 165, 309
    • customer protection 1270, 1272, 1278, 13041305, 1309
    • departments of 54
    • development of 5255
    • disclosure of capital use information 816, 818819, 821
    • entrusted investment 692693, 693n598
    • equities of insurance companies 330
    • Guiding Opinion on Regulating Corporate Governance 195
    • information disclosure 433, 435
    • insurance asset custody business 703
    • insurance asset management companies 678679
    • insurance clauses and premium rates 361362
    • insurance funds utilization 578580
    • insurance regulatory authority 826
    • internal audit rules 223224
    • internal control of insurance companies 289
    • liability for misleading sales of personal insurance 488
    • motor vehicle insurance 1191n8, 1199m 1202n55, 1204, 1215, 1218, 1221
    • mutual insurance 1253

    • Page 1373

      notification and life insurance application 479
    • personal insurance product design 430431
    • product development process 420
    • proportional regulation 686
    • regulating insurance sales practice 512, 514
    • regulatory agency 4950
    • reinsurance business 452
    • related-party transactions 254n410
    • risk management 269
    • rules for implementing Measures 2004 568
    • salary management 234, 241
    • solvency supervision 533536
  • China Insurance Security Fund Co., Ltd.(CISFCL), 681 , 1168 , 1170 , 1265
  • China Life Health Insurance Company 24
  • China Life Insurance Company 21
  • China Life Pension Insurance Company 24
  • China Life Property & Casualty Insurance 1268
  • China Micro-Credit Companies Association 1295
  • China Pacific Insurance (Group) Company Limited 22
  • China Pacific Life Insurance Company Limited 22
  • China Pacific Property Insurance Company Limited 22
  • China Reinsurance Corporation 21
  • China Risk-Oriented Solvency System (C-ROSS), 13 , 26 , 532 , 533 , 534 , 535 , 570 , 1243 See also Solvency regulation
    • actual capital 548
    • assets and liabilities assessment principles 550
    • basis for supervision 544
    • characteristics of system 542543
    • composition of framework 542547
    • documentary framework of 553554
    • economic values assessment and 543544
    • emerging markets 543
    • framework of second generation solvency regulation system 541553
    • impact of 554555
    • improving implementation mechanism 558
    • improving supervision rules 556558
    • integrated risk rating 552
    • interrelationship of pillars 546547
    • liquidity regulation 551552
    • market discipline mechanism 546
    • measurement of quantitative capital requirements 551
    • minimum capital 549
    • name of system 542
    • principles of quantitative capital requirements 550551
    • public disclosure 553
    • qualitative supervisory requirements 545546
    • quantitative capital requirements 544545
    • risk classification 549550
    • risk management requirements and evaluation 552
    • second phase of construction of 555560
    • solvency adequacy indicators 547
    • strengthening supervision cooperation 558559
    • supervision of insurance groups 547
    • supervisory pillars 544547
    • technical principles 547553
    • time schedule 559
    • working mechanism 559560
  • China Securities Regulatory Commission (CSRC) 23 , 580
  • China Trustee Association 1285 , 1295
  • China United Insurance Company 1131
  • China United Property Insurance Company 1091
  • China Urban and Rural Residential Building Earthquakes Catastrophe Insurance Pool (CECIP), 1162 ,

    Page 1374

    1164 , 1167 , 1171 1174 , 1176 , 1187 1188
  • Chinese Communist Party 18 , 71 , 183 , 310 , 1160 , 1161
  • Chinese Insurance Contracts (Zhen) 1
  • Chinese law, philosophical traditions of 33 34
  • CISFCL see China Insurance Security Fund Co., Ltd. (CISFCL)
  • Cixi Longshan Rural Mutual Assistance Association 1253
  • Claim management, reinsurance contract 462
  • Claims control clause
    • claim management 462
    • reinsurance contract 459
  • Claims cooperation clause
    • claim management 462
    • reinsurance contract 459
  • Claims handling
  • Classification standards, definitions of 803 804
  • Client 617
  • Collective trust funds, insurance funds investment 682 683
  • Commercial bank 858
  • Commercial Banks Law of China 310
  • Commercial motor vehicle insurance 1189
    • adjustment of premium rates 393395
    • administration of clauses and premium rates 374380
    • basic principles 380381
    • guiding opinions on implementation of comprehensive reform 396398
    • improving supervision of clauses and rates 382383
    • major objectives 381
    • mechanism for formation of clauses 381
    • mechanism for formation of rates 382
    • organizing and implementing reform 383384
    • pilot implementation stage 389
    • pilot preparation stage 388389
    • plan for pilot report of clauses and premium rates 384392
    • principles for determining clauses and rates 374376
    • promoting pilot report of clauses and premium rates 392393
    • reform of administrative system for clauses and premium rates 380384
    • regulation of insurance clauses and premium rates 373398
    • regulatory requirements for premium rates 395396
    • requirements for determining and implementing clauses 376377
    • requirements for determining and implementing premium rates 377378
    • supervision and administration of clauses and rates 378380
    • supervision and management 389391
    • Work Plan objectives 384
    • Work Plan procedures 388389
    • Work Plan tasks 385388
    • work requirements 391392
  • Committee 1286
  • Common defects, term 307
  • Common expenses, critical illness insurance 126
  • Communication Bank of China 20
  • Company Law of China
    • board of directors 202, 204, 206n194195, 208
    • director, supervisor or senior office of insurance companies 166, 167
    • formation of insurance company 82, 84, 84n24
    • insurance asset management companies 741
    • insurance intermediaries 834
  • Competition, China’s insurance market (1992–2001) 21 22
  • Complaints, see Consumers’ complaints
  • Compliance 244
  • Compliance management of insurance companies 243 253
    • board of director duties 245
    • chief compliance officer and department 246249
    • duties of department 248249
    • external supervision of compliance 252253
    • general manager duties 246
    • management 249252
    • supervisors duties 245246
  • Compliance risk 244
  • Composite risk rating 29 , 29n93
  • Comprehensive risk management
  • Compulsory Earthquake Insurance (CEI), Turkey 1186 1187
  • Compulsory motor vehicle insurance, See also Motor vehicle insurance, compulsory contract
    • doctrine of double insurance 1204n60
    • persons required to take 11941195
  • Compulsory Motor Vehicle Insurance Regulation 1197 , 1197n33
    • claims 12061208
    • duty of disclosure 1201n51
    • insured’s pre-contractual duty of disclosure 12001203
    • qualification of business undertaking 1202n55
    • scope of third-party victims 11981200
    • third-party rights against the insurers 12111212
  • Compulsory motor vehicle third-party liability insurance, 1194n23
  • Compulsory motor vehicle traffic accident liability insurance, 1194n23
  • Compulsory traffic insurance 326
  • Concealment 486
  • Concentration risks, regulatory proportions for 687 688
  • Conduct of insurance claims
    • regulation on 518524
    • regulatory requirements for handling claims 520524
    • statutory requirements for handling claims 519520
  • Conduct of insurance companies 465 , See also Information notification
    • advertising insurance products 468
    • advertising or selling products 467483
    • contents of notification information on application of life insurance 479483
    • guidelines for determining misleading sales of personal insurance 484488
    • guiding opinions on liability for misleading sales of personal insurance 488494
    • legal framework for regulation 466
    • notification of information in sales process 475479
    • prohibition of misconduct of insurers and their employees 483484
    • regulation 466467
    • regulation on salespersons 468475
  • Conference of Corporate Governance Training for Small and Medium-sized Banks and Insurance Companies, 328
  • Confidentiality, reinsurance business 461
  • Confucian, philosophy 34 , 34n2
  • Confucianism 33 34
  • Conservation
  • Constitution of PRC 34n2 , 35 , 36
  • Consumer disputes resolution, 1304 1318 , Protection of insurance consumers; See also Protection of insurance customers
  • Consumer protection, see Consumers’ complaints; Protection of insurance consumers
  • Consumers’ complaints
    • banking and insurance industries 12981300
    • handling 12951304
    • organization and management 1297
    • significance of Measures 2020 13031304
    • supervision and administration 13011303
    • working rules for handling 13001301
  • Continuous supervision 287
  • Cooperative insurance 15
  • Coordinated advancement, agriculture insurance 1094
  • Corn, crop insurance 1149 1150 , 1152 1154
  • Corporate governance 164
    • action plan (2020 to 2022) 327
    • assessment content and methods 310311
    • assessment grades 314, 328
    • assessment procedures and division of work 312313
    • assessment result and application 313314
    • evaluation of insurance company 309314

    • Page 1376

      insurance group companies and groups 314320
    • legal framework for, of insurance companies 164165
    • regulation of insurance companies 327329
    • regulatory assessment of 7274
  • Corporate governance structure
    • board of directors 196198
    • board of supervisors 198
    • information 343
    • management-level operations 199200
    • management of related-party transactions and information disclosure 200
    • obligations of major shareholders 195196
    • regulation of 195201
    • reports 217218
    • supervision and administration 201
  • Court-designated mediation 1310 , 1318
  • Court-entrusted mediation 1310 , 1318
    • procedure for 1313
  • Credit rating, investment funds in bonds 594 596
  • Credit risk 272 , 281 , 549
  • Credit risk management, investment funds in bonds 596 597
  • Critical illness, definition 1066
  • Critical illness insurance, See also Health insurance
    • accounting 10231025
    • basic principles 996997
    • Basic Standards for Insurance Companies (2016) 10161022
    • bidding qualifications 10131014
    • bid management 10041005
    • building of service competence 10161018
    • business management 10051007
    • client services 10201021
    • connection to medical security system 998
    • design of risk adjustment mechanism 10281029
    • files management 1022
    • financial management 10081009
    • fund management 1023
    • fundraising mechanism 997
    • Interim Measures for Bidding of Insurance Companies (2016) 10121016
    • Interim Measures of Financial Management (2016) 10221027
    • Interim Measures of Insurance Companies (2013) 10011012
    • Interim Measures of Insurance Companies’ Exit from Market (2016) 10301033
    • Interim Measures of Risk Adjustment of Insurance Companies (2016) 10271030
    • management and control of medical risks 1021
    • management of bidding flow 1014
    • management of bidding risks 10141015
    • management of data 1018
    • management of expenses 1026
    • market withdrawal 10111012
    • operation qualification 10021004
    • opinions of General Office of State Council 9961001
    • organization and implementation 1001
    • raising level of protection 997998
    • realization of risk adjustment 10291030
    • regulating conduct of medical services 1000
    • regulations 995
    • risk adjustment 10091010
    • risk adjustment circumstances 10271028
    • service and administration 1010
    • service evaluation 1022
    • service management 10071008
    • settlement services 10181020
    • social supervision 1001
    • standardizing services 9991000
    • submission of statements 10261027
    • supervision and administration 10151016
    • supervision and management 10001001
  • Crop insurance, See also Agriculture insurance
    • claims handling and settlement 11551156
    • exemptions from liability 1150
    • insurance period 1151
    • insured amount and deductible rate 11501151
    • insurer’s obligations 11511152
    • proposer’s and insured’s obligations 11521154
    • risks covered 1150
    • subject matter 11491150
  • C-ROSS, see China Risk-Oriented Solvency System (C-ROSS)
  • Cultural Revolution 17
  • Custodial institution
    • duties of 693
    • prohibited conduct of 693

  • Page 1377

    Custodian 653 , 716
    • functions of 653654
    • infrastructure project investment 653655
    • prohibited conduct 654655
    • termination conditions 654
  • Custodian, term 615
  • Custody business, regulation of insurance asset 703 706
  • Custody institution
    • functions of 703704
    • insurance asset custody business 705
    • insurance institution assisting 704705
    • regulatory compliance 705706
  • Custody of an insurance company’s stock assets 615
  • Custody of stock assets of insurance companies 614 620
    • custodian qualifications 615617
    • custody agreement 618620
    • oversight 620
    • selection of custodian 617
  • Daxinganling Forestry Group Corporation 1125 , 1125n213
  • Da Zhong Insurance Company 21
  • Debt investment plan 677
  • Deng Xiaoping 18
  • Deposit Insurance Regulation 44n47 , 44 45
  • Deposits 864
  • Direct equity investment, term 662
  • Direct liabilities, term 221
  • Direct loss 892
  • Directly liable persons 489 , 489n95
  • Directors of insurance companies
    • administration of auditing of 218223
    • appointment and dismissal of 202204
    • confirmation of satisfaction of office qualifications 173175
    • due diligence evaluation 207208
    • duties and obligations of 205207
    • legal liability 178179
    • office qualification examinations for 179182
    • office qualifications for 168173
    • principles for training 188
    • qualifications for appointment 204205
    • related-party transactions 259260
    • responsibilities of regulatory authorities 192194
    • supervision and administration 175178
    • trainees 188189
    • training content 189191
    • training of 187194
    • training organization and implementation 191192
  • Disability income insurance 400
  • Disability income loss insurance 975n48
  • Disclosure, related-party transactions 262 265
  • Disclosure of capital use information
    • acquisition of shares of listed company 819821
    • affiliated transactions 816818
    • CIRC regulations 816
    • investment in unlisted equities and real estate 821824
    • persons responsible for risks 818819
  • Disease insurance 399 , 400 , 975n48 , 977
  • Diversification, insurance funds utilization 574
  • Dividends 873n270
  • Domestic custody account 722 723
  • Domestic insurance 19
  • Domestic limited partnership 344
  • Earthquake, forecasts 1176 , 1176n72
  • Earthquake and War Damage Act 1944, New Zealand 1183
  • Earthquake catastrophe insurance, See also Catastrophe insurance
    • claims handling and settlement 11771178
    • compulsory, in Turkey 11851187
    • details of scheme 11651166
    • dispute resolution 1178
    • exemptions from liability 1175
    • general provisions of reserve 1171
    • implementation principles 11641165
    • implementation procedure 11681169
    • insurance liabilities 11741175
    • insurance subject matter 1174
    • insured amount and insurance premium 1175
    • insurer’s obligations 1176
    • layers of risk assumption 11801181
    • management of reserve fund 1173
    • measures for administration of special reserve fund 11711173
    • model insurance clauses for urban and rural housing 11741179
    • New Zealand Earthquake Commission 11831185
    • obligation of proposer and insured 11761177
    • operation modes 11661168

    • Page 1378

      practice at level of cities and counties 11811182
    • practice in Sichuan Province 11791183
    • reserve fund use 1172
    • security measures 11691170
    • setting aside reserve for 1172
    • special reserves 1168, 1188
    • system for urban and rural housing 11631170
  • Earthquake Commission (EQC)
  • Earthquake insurance reserve 1171
  • Economic capital 284
  • Economic Contract Law of PRC (1981) 38 , 38n23
  • Economic reform 16
  • Elderly housing reverse mortgage pension insurance 1052 1060 , See also Pension insurance
    • application for and confirmation of qualification for engaging 10551057
    • application materials for 1056
    • basic principles 10541055
    • expansion of pilot programme 10591060
    • guidelines on pilot programme of 1053–1959
    • pilot programme of 1039
    • product management 10561057
    • qualification conditions for pilot companies 10551056
    • requirements of conduct 10571059
    • significance of carrying out programme 10531054
  • Electronic return visit, life insurance 515 518
  • E-mail 867
  • Emergency response, insurance asset management companies 751 757
  • Endowment insurance 399
  • Endowment insurance companies 1040 1041
  • English law approach, damages 892
  • Enterprise (corporate) bonds, insurance funds investment 587 590 , 592
  • Enterprise annuity 1036
  • Enterprise Bankruptcy Law of China, 77 , 77n113 , 110 , 113 , 147 , 1266 , 1266n8
  • Enterprise insurance 19
  • Entrusted insurance funds investment
    • eligibility requirements for insurance company for 696698
    • investment managers 696
    • norms of 698700
    • risk control 700701
    • supervision and administration 701703
  • Entrusted investment 692
  • Entrusted management contracts, critical illness insurance 1024
  • Equities regulation 330 331
    • acquisition of equities 335338
    • behaviours of shareholders 339341
    • classifications 331
    • disclosure by insurance companies 349350
    • Equities Measures (2018) 350351
    • funds for acquiring equities 338339
    • management of equity matters 341342
    • qualifications of shareholders 332335
    • submission of materials to CBIRC 342345
    • supervision and administration 345349
  • Equity/equities, 809 , See also Investment in equities
    • investment in large-amount 821824
    • overseas investment with insurance funds 734
    • term 662
  • Equity assets 686 , 809
    • classification standards for 809812
    • investment instruments 691692
    • regulatory proportions for 687
  • Equity investment fund, overseas investment with insurance funds 735
  • Equity investments insurance funds utilization 575
  • Errors and omissions clause, reinsurance contract 459
  • European Solvency II system 13 , 532
  • Examinations, See Qualification examinations
  • Exchanges 686
  • Exclusion clauses 8
  • Executive director, term 208n207
  • Facilitative mediators 1308n166
  • Facultative reinsurance 454n398 , 454 455
    • claim management 462
    • term 454
  • Fanhua Insurance Adjusting Co., Ltd. 954 , 958 , 959

  • Page 1379

    Farmers, See also Agriculture insurance
    • agriculture insurance contracts 10961098
    • facilitating and benefiting insured 1134
  • Farmers’ Daily (journal) 1131
  • Fault 891
  • Financial accounting, internal control of insurance funds 778 779
  • Financial derivatives,, insurance funds utilization 575
  • Financial enterprise (corporate) bonds insurance funds investment 587 588
  • Financial information 343
  • Financial Service and Markets Act 2000 837
  • Fire Accident Investigation Regulations 2009 955
  • Fire Protection Law of China (2008) 955
  • Fixed income, overseas investment with insurance funds 734
  • Fixed-income assets 686
    • classification standards for 805809
    • investment instruments 691
    • term 805
  • Fixed return investment
    • assignment of responsibilities and authorization approval 787788
    • control of investment implementation 789790
    • internal control of insurance funds 787791
    • investment research control and decision–making 788789
    • post-investment management 790791
  • Flood Re, flood catastrophe scheme in UK 1160 , 1160n3
  • Follow the fortune clause
    • China Property and Casualty Insurance Company 460n419
    • reinsurance contract 460
  • Follow the fortunes clause, claim management 462
  • Follow the settlements clause, reinsurance contract 459 460
  • Foreign-funded insurance adjusters 921
  • Foreign-funded insurance brokers 895 , 917 , 917n189
  • Foreign-funded insurance companies
    • administrative regulation of 4243
    • Articles of Association 123, 133, 135, 138
    • compensation management 243
    • equity joint venture or wholly foreign–owned 128n6061
    • establishment of 122125
    • legal liability 129131
    • legislation RAFFIC for 120121
    • new changes in formation of 125126
    • regulation on administration of 121131
    • scope of the business 126127
    • supervision and administration 127128
    • termination and liquidation 128129
  • Foreign-funded life insurance 29
  • Foreign-funded property insurance 29
  • Foreign-funded reinsurance companies 29
  • Foreign insurance institutions
    • administration for representative offices of 134141
    • establishment of representative offices 135136
    • legal liabilities 140141
    • supervision and administration 137140
  • Foreign investors, loss adjusting business 953
  • Forest insurance 1124 , 1125
  • Formal proposal, term 210
  • Foshan Xingchan Insurance Adjusting Co., Ltd. 956
  • Four Modernizations 18 , 18n44
  • Free will, agriculture insurance 1094
  • Fulong Rural Insurance Mutual Cooperative 1253 , 1254
  • Fund borrowing, insurance funds utilization 575
  • Fund of funds (FOF) 735 , 735n791
  • Funds utilization 326 , See also Insurance funds utilization
    • equity acquisition 338339
    • internal control activity 302303
  • GAB Robins 920
  • General accounts 759
    • insurance asset allocation management 760762
  • General manager of insurance companies, compliance duties 246
  • General stock investment 625
  • Genetic testing 986
  • Geonet 1183
  • Government bonds, insurance funds investment 586 587
  • Government guidance, agriculture insurance 1094
  • Great Leap Forward (GLF) 17
  • Growth enterprise market (GEM), insurance funds investment in stocks of companies 621 623
  • Guangdong Province Forestry Insurance Claim Operation Regulations, 956

  • Page 1380

    Guaranteed renewal insurance clause 975
  • Guarantee insurance business on Internet platform 1243 1245
  • Guidelines on Consolidated Supervision of Insurance Groups 2014, 317 320
  • Guo Shuqing 328
  • Health care insurance 400
  • Health insurance, 399 400 975n48 , See also Critical illness insurance; Individual tax-preference health insurance
    • basic health security system 962
    • basic principles for accelerating development 967968
    • business operation and management 976
    • business with individual tax preferences 987995
    • challenges 1033
    • commercial 962, 963, 10331035
    • contractual provisions 482
    • critical illness 9951033
    • enrichment of commercial products 968
    • evaluation of reserves 981983
    • expanding supply of commercial 1034
    • expansion of coverage 968969
    • health management services and cooperation 983984
    • improvement of medical security systems 969970
    • innovation of science and technology 969
    • legal liability 984985
    • long-term care 1035
    • management of insurance products 976979
    • management of reinsurance 984
    • Measures for Administration of 974987
    • opinions of General Office of State Council (2014) 966974
    • overview of regulatory framework for commercial 963966
    • policy improvement and development 972974
    • promoting development 1035
    • promotion of level of management and service provision 970972
    • quality and efficiency of commercial 10341035
    • sales management 979981
    • significant changes of Measures 2019 985987
    • supplementary 962, 962n5
  • Healthy China Initiative 1035
  • Hefu Life Mutual Insurance Co. Ltd. 1254
  • Heilongjiang Sunlight Agricultural Mutual Insurance Company, 1253
  • Hero Mutual Property Insurance Corporation 1254
  • Hong Kong Growth Enterprise Market 740
  • Huaan Property Insurance Company 21
  • Huatai Insurance Company 21
  • Hybrid capital bonds 588
  • Independent accounting 1044
  • Independent accounts 759
    • insurance asset allocation management 762763
  • Independent directors
  • Independent supervisor
    • conditions of 655656
    • functions 656
    • infrastructure project investment 655657
    • institutions serving as 655
    • prohibited conduct 657
    • term 655
    • termination conditions 656657
  • Indirect equity investment, term 662
  • Indirect investment in infrastructure projects
  • Indirect loss 892
  • Indirectly liable persons 489 , 489n95
  • Individual tax-deferred commercial pension insurance, See also Pension insurance
  • Individual tax-deferred commercial pension insurance funds
  • Individual tax-preference health insurance 988 , See also Health insurance
    • business administration 990991
    • financial management 991
    • information disclosure 992993
    • information system management 992
    • matters concerning 994995
    • product management 989990
    • requirements for business operations 988989
    • supervision and administration 993
    • supplementary provisions 993
  • Information disclosure, See also Disclosure of capital use information
    • business information 323
    • equity 349350
    • financial accounting information 322
    • individual tax-preference health insurance 992993
    • infrastructure project investment 657659
    • insurance asset allocation management 762
    • insurance asset management companies 756757
    • insurance broker 899
    • insurance liability reserve information 322
    • Internet insurance 12371239
    • legal liability 444
    • management of materials 436437
    • overseas investment with insurance funds 727729
    • personal insurance products 428429
    • protection of consumers 12931294
    • rate adjustment for long-term medical insurance 448449
    • regulation of insurance products 432444
    • related-party transaction information 323
    • requirements for participating insurance products 442444
    • requirements for personal insurance products 434436
    • requirements for unit-linked insurance products 437440
    • requirements for universal insurance products 440442
    • risk management information 322323
    • solvency information 323
    • tax-deferred pension insurance 10751076
    • term 320
    • underwriting for agriculture insurance 11401141
  • Information disclosure by insurance companies 320 327
  • Information notification
  • Information registration, proportional investment 690
  • Information system, internal control of insurance funds 780 782
  • Infrastructure debt investment plans
    • conditions for debtor seeking financing 679
    • conditions of investment project 680
    • insurance funds investment 677682
    • Interim Provisions on administration 678681
    • project credit-worthiness requirements 680681
    • registration matters 681682
    • registration with CBIRC 678679
  • Infrastructure projects, , see Indirect investment in infrastructure projects ; Infrastructure debt investment plans
  • Infrastructure real estate, See also Investment in real estate
    • investment of insurance funds 629
  • Initial fees 1064 , 1070
  • Insurance 1330
    • definition of 3
    • nature of 25
    • social role of 1011
  • Insurance Act 2015 (UK) 888
  • Insurance adjusters, 825 826 919 920 , See also Insurance adjusters, Provisions of (2018); Insurance Adjusting, Basic rules for (2018)
  • Insurance adjusters, Provisions of (2018), 919 921 943 , See also Insurance Adjusting, Basic rules for (2018)
    • adjusters 922n21
    • business recordation 922927
    • general provisions 921922
    • industrial self-regulation 936937
    • insurance adjustment practitioners 922n16
    • legal liability 938943
    • market exit 935
    • operating conditions 922931
    • operation rules 931935
    • practitioners 927929
    • senior executives 929931
    • supervision and inspection 937938
  • Insurance Adjusting, Basic Rules for (2018), 919 , 943 953 , See also Insurance adjusters
  • Insurance adjusting report
    • business scope 955
    • factors affecting legal effect 953959
    • lacking factual or legal basis 957959
    • qualification of adjusters/practitioners 954955
    • reasonable evidence rebutting 959
    • standardization 957
    • violating laws or regulations 956
  • Insurance adjustment, See also Insurance adjusters, Provisions of (2018)
  • Insurance adjustment institutions 924 926 , 934n80
  • Insurance adjustment practitioners 922n16 , 927 929 , 932
  • Insurance agents
    • duties of 836842
    • duty in relation to after-sales service 842
    • duty regarding customer’s information 842
    • duty to collect premium 842
    • duty to deliver forms and policies in timely manner 841842
    • duty to explain content of insurance contract 836837
    • duty to guide proposer to fill proposal form 840841
    • formation of agency 843845
    • general rules 846849
    • imputation of knowledge from agent to insurer 837840

    • Page 1383

      legal liabilities 853856
    • market access 843846
    • market exit 850851
    • operation rules 846850
    • prohibited conduct 849850
    • regulation of 835836
    • senior management personnel qualification 845846
    • supervision and administration of 842856
    • supervisory inspection 851853
  • Insurance asset allocation management 757 764
    • capability 758759
    • classification of accounts and assets 759760
    • general accounts 760762
    • independent accounts 762763
    • Measures 2012 757759, 764
    • risk management 763
    • supervision and administration 764
    • term 757
  • Insurance asset custody business, regulation of 703 706
  • Insurance Asset Management Association of China (IAMAC), 15 16 , 676 , 822 , 1079
    • Articles of Association 1325, 1326
    • functions and responsibilities 13251326
    • mission of 1325
    • self-discipline convention for members 13261327
  • Insurance asset management companies (IAMC) 677 , 678 679
    • administration of 740757
    • alteration 746
    • business of scope 747
    • dissolution 746747
    • emergency 751752
    • emergency response 755756
    • establishment 742746
    • general requirements 741742
    • monitoring and precaution 754755
    • operational rules 747749
    • organizational management 752753
    • plan management 753754
    • prohibited conduct 749
    • report system 756757
    • risk control and supervision 750
    • supervision 757
  • Insurance asset management institutions 583n44
    • requirement of 695
  • Insurance asset management product 695
  • Insurance assets, See also Proportional investment
    • classification and definitions of 686
    • equity assets 691692
    • fixed-income assets 691
    • investment instruments in categories of 691692
    • liquid assets 691
    • management of internal control proportions 688689
    • real estate assets 692
    • setting regulatory proportions for classes 687
    • setting regulatory proportions for concentration risks 687688
    • setting risk monitoring proportions 688
    • supervision and administration of proportional investment 689690
  • Insurance Association of China (IAC), 15 16 , 27 , 56 , 525 , 820 , 822 , 1320
    • agriculture insurance 1088, 1111
    • Articles of Association 1323
    • commercial motor vehicle insurance 375, 381382, 385386, 393
    • communication 13231324
    • consumer protection 1295
    • equity 349
    • evaluation results 529
    • functions and duties 13221324
    • insurance clauses and premium rates for property insurance 368
    • Internet insurance 1241
    • long-term medical insurance 449
    • mission of 1322
    • motor vehicle insurance 1199, 12031204, 1208, 1222
    • relevant work requirements 425
    • reverse mortgage pension insurance 1057
    • safeguarding legal rights 1323
    • self-governance 1285
    • self-regulation of agriculture insurance 1138
    • self-regulation rules 5051
    • services 1323
    • structure of 13211322
    • tax-deferred pension insurance 1070
  • Insurance brokerage 883 , 897
  • Insurance brokerage practitioner 895
  • Insurance brokers 895
  • Insurance business, see Regulation of insurance business
  • Insurance clauses and premium rates
    • agriculture insurance 11081111
    • catastrophe insurance 11651166
    • commercial motor vehicle insurance 373398
    • naming rules 414
    • personal insurance 398412
    • property insurance 362373
    • regulatory requirements 361362
    • statutory requirements 360361
  • Insurance companies, 565n117 , See also Branch offices; Conduct of insurance companies; Disclosure of capital use information; Equities regulation; Overseas insurance institutions; Personal insurance companies; Salary management rules of insurance companies
    • agriculture insurance and qualifications to conduct 11011108
    • auditing of directors and senior managers 218223
    • avoiding use of intermediary channels for illegal activities 880881
    • business commencement check of 8790
    • business scope of 356
    • chief compliance officer 246249
    • Company Law 82, 84, 84n24, 8586
    • compliance management 243253
    • compliance policy 250251
    • compliance supervision of intermediaries 881
    • conduct of 13
    • corporate governance reports 217218
    • eligibility for entrusting insurance funds 696698
    • evaluation of business operation 527530
    • evaluation of service 524527
    • formation of 8290
    • formation of branch offices 9098
    • information disclosure by 320327
    • intermediary channel business management 878879
    • internal audit 223234
    • internal control 289309
    • legal framework for corporate governance of 164165
    • legal liabilities 222223
    • management of intermediary institutions 879880
    • modifying business scope 359360
    • non-insurance subsidiaries of 113114
    • office qualification examination for executives 169187
    • office qualifications for executives 168179
    • qualifications for equity investment 663665
    • related-party transactions 253268
    • requirements for establishment by Insurance Companies Provisions 8487
    • requirements for establishment by Insurance Law 8284
    • requirements of 694
    • risk management 268275
    • risk management environment 277278
    • salary management rules 234243
    • service quality 524527
    • service rating 526527
    • statutory requirements for directors, supervisors and senior officers of 165167
    • training of executives 187194
  • Insurance Companies Provisions 81
    • dissolution of insurance institutions 111112
    • requirement for formation of branch office by 9194, 92n60, 95n71
    • requirement for management of branch office by 9495
    • requirements for establishment of insurance company 8487

  • Page 1385

    Insurance Company Service Evaluation Board 524
  • Insurance contracts 1 , 864
    • accounting treatment for critical illness insurance 10241025
  • Insurance Core Principles (ICP) 575 , 1295
  • Insurance density 30
  • Insurance funds 571 572 , 716
  • Insurance funds utilization 571 572
    • bank deposits 584585
    • board of directors’ responsibility 707
    • channels for 581584
    • chief risk management officer 708709
    • common vehicles for 574575
    • current state 572573
    • decision-making operating mechanism 706711
    • diversification 574
    • entrusted investment 696703
    • fund utilization process 709711
    • indirect investment in infrastructure projects 641662
    • individual tax-deferred commercial pension insurance 10771085
    • insurance asset management 707708
    • investment in bonds 585597
    • investment in collective trust funds 682683
    • investment in equities 662677
    • investment in infrastructure debt investment plans 677682
    • investment in real estate 629641
    • investment in stocks 597610
    • investment in venture capital funds 683685
    • liquidity 574
    • modes of 692695
    • organizational structure and duties 706709
    • overseas investment 715740
    • overview of regulatory framework regarding 578581
    • principles for 574
    • profitability 574
    • proportional regulation 685692
    • regulatory principles for 573578
    • risk management and control 711712
    • risk management department 708
    • scoring supervision over compliance 796803
    • security 574
    • stability, prudence and safety 579
    • supervision and administration 712715
  • Insurance group, term 315n676
  • Insurance group companies
    • business scope of 108109
    • corporate governance 314320
    • formation of 105108
    • Guidelines 2014 for corporate governance 317320
    • Guidelines on Consolidated Supervision of Insurance Groups 2014 317320
    • Measures 2010 315317
    • risk management 319320
    • supervision and administration of 116118
    • term 315n676
  • Insurance holding, term 315n676
  • Insurance industry
    • breakup of PICC insurance market monopoly 20
    • competition of China’s (1992–2001) 2122
    • development of 1626
    • economic reform 18
    • foreign-funded companies 29
    • further development of 2931
    • insurance funds utilization 28
    • insurance intermediaries’ market 28
    • modern 3132
    • open-door policy 18
    • period of initial start-up (1949–1959) 1617
    • period of suspension of business (1959–1979) 1718
    • personal insurance market 27
    • present market in China 2629
    • property insurance market 27
    • reform and opening up (2002–2011) 2225
    • reopening and rapid development of PICC’s (1980–1990) 1820
    • self-regulation of 1516
    • solvency of insurance companies 2829
    • standardised development (2012-present) 2526
  • Insurance institutional investor 598
    • prohibited acts of 604605
    • stock investment risk control 605609
  • Insurance institutions 187n101 , 796 , 1233n1
    • bankruptcy 112113
    • dissolution and abolition 110112
    • functions of 194
    • internal audit 224
    • licensing 143144

    • Page 1386

      modification 109110
    • office qualification examination for executives 179182
    • post-holding qualification examinations of executives 182187
    • reconstruction 112113
    • rectification 112113
    • responsibilities of regulatory authorities 192194
    • rules under Insurance Companies Provisions 111112
    • rules under Insurance Law 110111
    • supervision and administration of 115116
    • takeover 112113
    • training of executives 187194
  • Insurance intermediaries 825
  • Insurance Law of People’s Republic of China 1 , 1330 1366
    • administrative licensing 162163
    • administrative penalties 7780
    • adoption of 1n1
    • agriculture insurance 1088, 1093, 10961098, 11021105, 1116, 1138, 1152, 11561157
    • amendments to 4142
    • article on handling claims 519520
    • article on insurance clause and premium rate 404n189
    • before enactment 38
    • capital guarantee funds 560564
    • conduct of insurance companies 466
    • dissolution of insurance institutions 110111
    • enactment of 3841
    • exclusion clauses 432, 432n309
    • features of 4041
    • general provisions 13301331
    • insurance agents 830, 831, 832, 13531356
    • insurance asset management companies 740742, 750
    • insurance brokers 13531356
    • insurance clauses and premium rates for property insurance 367
    • insurance companies 13431349
    • insurance contracts 13311343
    • insurance intermediaries 834
    • internal control 308n650
    • legal liability for personal insurance 408, 408n202
    • legal responsibility 13611365
    • misconduct of insurance company and employees 841n78
    • misleading sales of personal insurance 484485
    • motor vehicle insurance 1192, 1201, 1203, 1210, 12131215
    • office qualifications 175, 175n45
    • prohibited conduct of insurance intermediaries 833834
    • prohibition of misconduct of insurers 483484
    • registered capital 118, 118n206
    • reinsurance contract 451453
    • related-party transactions 253
    • remuneration violation articles 240–241n354
    • requirements for directors or senior officers 165167
    • requirements for establishment of insurance company 8284
    • requirements for formation of branch offices by 9091
    • rules of insurance business operation 13491353
    • scope of administrative licensing 146148
    • standard clauses in contract 8n23
    • supervision and administration 13561361
    • supervision and regulatory authority 52
    • supplementary provisions 13651366
    • taking over an insurance institution 77
  • Insurance legislation, China 37 42
  • Insurance Mediation Centres 1311 , 1317 1318
  • Insurance penetration 30
  • Insurance permits
    • measures for administration of 157161
    • regulation of 157162
    • relevant matters concerning implementation 161162
  • Insurance policy benefits, term 434
  • Insurance product 412 , 413
  • Insurance protection fund 1270
  • Insurance regulation 1 2
    • development of authority 5255
    • maintenance of solvency of insurers 57
    • modern system of 13

    • Page 1387

      objectives of 511
    • premium rate of insurance products 910
    • social role of insurance 1011
    • system varying 12
    • ultimate goal of 5
    • unequal knowledge and bargaining power 79
  • Insurance regulatory hierarchy 51
  • Insurance risk 272 , 281 , 549
  • Insurance salespersons 858
  • Insurance security fund, 1265 1270 , See also China Insurance Security Fund Co., Ltd. (CISFCL)
  • Insurance Society of China 56
  • Insurance Supervision and Regulation Authority (ISRA), 5 , 8 , 49
    • classified supervision and regulation 7174
    • formation of insurance companies 81
    • premium rate 910
    • responsibilities of 5557
    • taking over an insurance institution 77
  • Insured persons, motor vehicle insurance 1195 1197
  • Integrated risk rating 552
  • Intentional act 891 892
  • Intermediaries
    • insurance 14
    • insurance market 28
  • Intermediary channel business
    • cooperation with insurance companies 879880
    • insurance companies avoiding illegal activities 880881
    • insurance company improving compliance supervision 881
    • management system with insurance companies 878879
  • Internal audit of insurance companies 223 234
    • administration 229231
    • chief auditor 227229
    • department and personnel 225229
    • functions of auditors 228229
    • general principles 224225
    • internal control duties 305
    • investigation of internal audit liability 232234
    • professional qualifications of auditors 228
    • supervision 232
    • utilization of results 231232
    • vertical management 225226
  • Internal control
  • Internal control of insurance companies 289 309
    • agriculture insurance 11221123
    • assessment reports 306
    • control of basic management 298301
    • control of fund utilization 302303
    • control of outsourcing business 305306
    • duties of board of directors 303304
    • duties of board of supervisors 304
    • duties of business units 304
    • duties of functional department 304
    • duties of internal audit 305
    • duties of management 304
    • evaluation and supervision 306309
    • internal control accountability 305
    • objectives 289290
    • operational control 294298
    • organizational structure 303
    • principles 290
    • sales control 293294
    • structure 291293
    • transparency and anti-fraud mechanism 305
  • Internal control of insurance funds 764 796
    • authorization and entrustment-based relationship 771775
    • bank deposits 783786
    • control activity 771781
    • control environment 767769
    • control of financial accounting 778779
    • control of information system 780781
    • control of investment decision-making 775777
    • control of transaction behavior 777778
    • elements of 767
    • fixed return investment 787791
    • guideline for the internal control of insurance funds (GICIF) 765783
    • information and communication 781782
    • internal supervision 782783
    • objectives of 766
    • principles of 766
    • risk evaluation 769771
    • stocks and stock funds 791796

  • Page 1388

    Internal supervision, internal control of insurance funds 782783
  • International Association of Insurance Supervisors (IAIS), 164 , 195 , 309 , 575 , 1295
  • International Cooperative and Mutual Insurance Federation (ICMIF), 15n33
  • Internet insurance 14 15 , 326 , 1250 1251
    • business 1233
    • business rules 12391242
    • development of 1234
    • draft of measures for supervision 1250
    • guarantee insurance business on Internet platform 12431245
    • information disclosure 12371239
    • operation conditions and areas 12351237
    • regulation of 12341243
    • retrospective management of sales activities 12451249
    • supervision and administration 12421243
  • Internet insurance business 512
  • Interpretation on Compensation for Damages 1197 , 1197n34
  • Investment decision-making, internal control of insurance funds 775 777
  • Investment funds, See also Overseas investment with insurance funds
    • insurance funds utilization 575
  • Investment in bonds
    • enterprise (corporate) bonds 587590
    • external credit rating in 594596
    • financial enterprise (corporate) bonds 587588
    • government bonds and quasi-government bonds 585, 586587
    • insurance funds 585597
    • investment norms 590591
    • matters concerning bank capital supplementary bonds 596597
    • non-financial enterprise (corporate) bonds 588589
    • qualifications 586
    • rating institutions 594596
    • risk control of 591593
    • secured non-financial enterprise (corporate) bonds 589
    • supervision and administration of 593594
    • unsecured non-financial enterprise (corporate) bonds 589
  • Investment in collective trust funds, insurance funds 682 683
  • Investment in equities
    • insurance funds 662677
    • Interim Measures 2010 662663
    • investment standards 667670
    • preferred shares 675677
    • qualifications of insurance company for 663665
    • risk control 670672
    • subject matter 665666
    • supervision and administration 672675
  • Investment in real estate
    • criteria for insurance funds 632633
    • insurance funds 629641
    • methods 632635
    • qualification conditions 630632
    • risk control 635637
    • supervision and administration 637641
  • Investment institutions, term 662
  • Investment in stocks
    • custody of stock assets 602604
    • guidelines to custody of stock assets of insurance companies 614620
    • increased regulatory ratio of, in blue-chip stocks 620621
    • insurance funds 597610
    • interim measures for administration of 598610
    • prohibited acts of insurance institutional investors 604605
    • qualifications and conditions 599601
    • regulating, business of insurance institutions 623624
    • risk control for 605609, 624
    • scope and proportions 601602
    • stock index futures trading 610614
    • stocks of companies listed on growth enterprise market (GEM) 621623
    • strengthening regulation of 624649
    • supervision and administration 609610
  • Investment-linked insurance policy 24 , 24n68 , 355n16 , 874n272
  • Investment managers 692
    • dismissal or replacement circumstances 699700
    • entrusted investment duties 699
    • prohibited conduct of 694
    • selection 700
    • term 696
  • Investment norms, bonds investment 590 591

  • Page 1389

    Investment plans 642
    • infrastructure projects 642646
  • ISDA Master Agreement 738 , 738n809
  • Issuance Association of China 817
  • Jiang Tai Insurance Brokers Co. Ltd. 883
  • Jiangyin Liansheng Sanitary Materials Co., Inc. 954
  • Jinan Municipal Agriculture and Rural Bureau 1131
  • Jointly launched by banks 864
  • Judicial system
    • China 3637
    • interpretations of law by Supreme People’s Court (SPC) 4749
  • Kangtai Insurance Company 21
  • Kangtai Pension Insurance Company 24
  • Knowledge inequality, insurance regulation 7 9
  • Lawful driver 1195
  • Law of Commercial Banks 873
  • Law of large numbers 2 3 , 2 3n6
  • Legal counsel
    • clauses and rates for personal insurance 405408
    • clauses and rates for property insurance 365366
  • Legalist tradition 33 34
  • Legal liability
    • agriculture insurance 11001101
    • health insurance 984985
    • information disclosure 444
    • insurance adjustment institutions 938943
    • insurance brokers 912916
    • insurance clauses and premium rates for personal insurance 408n202, 408409
    • insurance clauses and premium rates for property insurance 368370
    • insurance security fund 12771278, 1284
    • reinsurance business 463
  • Legal persons 254 , 260
  • Legislation Law of China 34n3 , 35 , 36
  • Legislative system, Chinese 34 36
  • Liability for misleading sales, personal insurance 488 494
  • Licensing, see Administrative licensing
  • Life insurance 19 , 399 , 400
    • demands and payment ability 479480
    • detailing clauses of contract 480
    • electronic return visit of 515518
    • information notification at application 479483
    • legal qualifications of institution and salespersons 479
    • protecting rights and interests 483
    • provisions of cooling–off period 480
    • return visits to clients 483
    • solvency regulation 540541
    • truth in application materials 482
    • understanding risks and characteristics of products 480481
  • Life insurance penetration rate 30
  • Life insurance policy 6
  • Linked Litigation-Mediation Scheme (LLMS) 1304 1305
  • Lioning Yongsheng Insurance Adjusting Co., Ltd. 958
  • Liquid assets 686
    • investment instruments 691
  • Liquidity, insurance funds utilization 574
  • Liquidity regulation 551 552
  • Liquidity risk 281 , 549 550
  • Litigation mediation 1306n155
  • Loans, insurance funds utilization 575
  • Long-term disease insurance 977
  • Long-term health insurance, product rate adjustments 985
  • Long-term medical insurance products
    • circumstance prohibiting raising rate 448
    • development with adjustable premium rate 446
    • health insurance premiums 444
    • information disclosure of rate adjustment 448449
    • requirement for rate adjustment 446448
  • Loss adjusters 919n4
  • Major equity investment, term 664
  • Major events 326
  • Major stock investment 625
  • Management-level operations
    • audit department 199
    • compliance department 200
    • duties and functions 199

    • Page 1390

      information disclosure 200
    • internal control duties 304
    • regulating 199200
    • related-party transactions 200, 259260
    • risk department 200
  • Manulife-Sinochem Life Insurance Company 21
  • Marine insurance 452
  • Marine Insurance Act 1906 888
  • Marine policy 891
  • Maritime Code 38 , 38n27 , 416 , 452
  • Market operation, agriculture insurance 1094
  • Market risk 272 , 281 , 549
  • Material flaws, term 307
  • Mediation, see Consumer disputes resolution
  • Mediator 1308n167
  • Medical accident insurance 975n48 , 977
  • Medical insurance 399 , 400 , 975 , 975n48
  • Meetings rules for board of directors, See also Board of directors
    • convening meetings 209210
    • convocation of meetings 212213
    • minutes of meetings 215
    • preservation of archives 215
    • proposals and meeting notices 210212
    • voting and regulations 213215
  • Minimum capital 549
  • Ministry of Emergency Management of China 1159
  • Mintai Adjustment Institution 920
  • Misleading conduct, sales of insurance 512
  • Misleading sales 485
    • guidelines for determination of, of personal insurance 485488
    • guiding opinions on liability for, of personal insurance 488494
    • notice for, of personal insurance 484485
  • Misleading sales practices 488 , 488n92
  • Money market, overseas investment with insurance funds 733 734
  • Motor vehicle insurance, 1189 1190 , See also Non-compulsory commercial motor vehicle insurance
    • commercial 11891190
    • compulsory motor vehicles insurers 11921194
    • contents of compulsory contract 12041209
    • insured’s pre-contractual duty of disclosure 12001203
    • insured’s pre-contractual duty to explain contract content 12031204
    • legal framework for 11901192
    • limits of amount covered under compulsory policy 11971198
    • non-compulsory commercial 12211231
    • persons required to take compulsory 11941195
    • scope of insured persons 11951197
    • scope of third-party victims 11981200
    • third-party rights against the insurers 12091215
    • Tort Law of the Civil Code 49, 11911192, 1196n31, 11961197, 1216
  • Motor vehicle insurance, compulsory contract
  • Mutual aid 1256
  • Mutual insurance organizations 15
  • Occupational annuity 1036
  • Off-balance sheet risks 550
  • Office qualifications
    • confirmation of satisfaction of 173175
    • directors, supervisors and senior executives 169173
    • legal liability 178179
    • supervision and administration 175178
  • Off-site monitoring, CBIRC 70 71
  • Old-age security management business, See also Pension insurance
  • “One-stop” services, medical insurance 969
  • “One-stop” settlement services, critical illness insurance 998 , 1007 , 1016 , 1018 1019
  • On-site inspection
    • CBIRC 6670
    • division of duties 6768
    • handling outcome 70
    • methods 6970
    • process 6869
    • types and plan for 67
  • Open-door policy 16 , 21
  • Operating risk 272
  • Operational control, internal control activity 294 298
  • Operational risk 281 , 549
  • Organic Law of the People’s Court 36
  • Organisation for Economic Co-operation and Development (OECD), 195 , 309
  • Organization
    • internal control 303
    • risk management 270272
  • Outsourcing business, internal control 305 306
  • Overseas insurance institutions
  • Overseas investment in insurance funds 715 740
  • Pacific Insurance Company 20 , 22 , 39 , 1234 , 1268
  • Panda Financial Holdings 1254
  • Participating insurance products
    • benefit illustration 442443
    • cooling-off period and surrender 443444
    • dividends and distribution of dividends 442
    • requirements on information disclosure 442444
    • risk alert 442
  • Participating policy 24 , 24n69 , 355n13 , 873n270
  • Parties to overseas investment with insurance funds 716
  • Pension annuity, definition 1065 1066
  • Pension annuity insurance 399 , 400
  • Pension annuity payment 1063 , 1068
  • Pension insurance, 1036 , See also Elderly housing reverse mortgage pension insurance; Individual tax-deferred commercial pension insurance; Old-age security management business
    • China’s pension system 1036
    • elderly housing reverse mortgage 10521060
    • elderly reverse mortgage 1037n8, 10371038
    • legal framework for regulation of 10371039
    • measures for administration of old-age security management 10401052
    • programme of individual tax-deferred commercial 10601077
    • sets of rules 10851086
    • State Council’s opinions on development 10391040
  • People Insurance Shareholding Company of China 22
  • People’s Bank of China 17 , 39 , 536 , 587 , 835
    • investment of insurance funds 580, 581
    • People’s Insurance Company of China (PICC) by 5253
  • People’s Commune 17
  • People’s Court of China 417
  • People’s Insurance Asset Management Company of China 22
  • People’s Insurance Company (Group) of China 21
  • People’s Insurance Company of China (PICC), 10 , 16 17 , 21 , 39 , 52 53 , 1268
  • People’s Life Insurance Company of China Limited 21
  • People’s Mediation Law of China (PML) 1314 , 1315
  • People’s Property Insurance Company of China Limited, 21 , 22
  • People’s Reinsurance Company of China Limited 21
  • People’s Republic China, Civil Code of 1191n10 , 1191 1192
  • Performance evaluation
    • risk compliance indicators 237
    • salary management rules 236238
  • Peril, definition of 2
  • Permit 1195
  • Personal injury or death 1192
  • Personal insurance 400
    • appointed actuary 405406
    • appointed legal counsel 405408
    • approval and recordation of clauses and rates 401404
    • design and classification 399401
    • guidelines for determining misleading sales 484488
    • guiding opinions on liability for misleading sales 488494
    • issues for Measures in administration of clauses and rates 409412
    • legal liability 408409
    • market 27
    • market access to telesales 499504
    • modification and suspension from use of clauses and rates 404405
    • notice for misleading sales 484485
    • regulation of insurance clauses and premium rates 398412
    • sales behaviours 504509

    • Page 1393

      supervision and administration of telesales 509
    • telesales of 499509
  • Personal insurance business
  • Personal insurance company
    • asset and liability management 285286
    • basic principles of comprehensive risk management 276277
    • business scope of 358359
    • classification of risks 281
    • comprehensive risk management of 275289
    • concealment activities 486487
    • fraudulent acts in 486
    • indirect liability of business management personnel 490492
    • risk appetite system 282
    • risk identification and assessment 282283
    • risk management environment 277278
    • risk management organization 278281
    • risk measurement 283284
    • risk reporting and communication 288289
    • risk response and control 284285
    • risk supervision 287
    • risk warning 286287
  • Personal insurance products
    • general requirements on information disclosure 434436
    • information disclosure 428429
    • regulation of development and design 429431
    • strengthening the supervision of 426429
  • Persons responsible for the risks 818
    • disclosure of capital use information 818819
  • Pilot Programme
    • agricultural catastrophe insurance 11261128
    • agriculture insurance protection level 11331134
    • catastrophe insurance 1163
    • earthquake insurance 11791180
    • example on wheat full cost insurance 11311132
    • full-cost insurance and income insurance 11281132
    • main content of 11281130
    • reforming agriculture insurance 1133
    • significances of 11301131
  • Ping An Insurance Company, 20 , 22 , 39 , 1110 , 1201 , 1202 , 1222 , 1234
  • Pingan Life Insurance Company Ltd., Insurance Agent Contract 836
  • Ping An Life Insurance Company of China Limited 22
  • Ping An Pension Insurance Company 24
  • Ping An Property Insurance Company of China Limited 22
  • Plantation insurance 1124
  • Planting insurance
    • Ministry of Finance on 1092
    • premium income 10921093
    • premium subsidies by government 1125
  • Policy-related loss 1028
  • Policy transferee company 1271
  • Population 30
  • Post-holding qualification examinations
    • basic principles 183
    • objectives of 183
    • optimizing the examination process 186187
    • regulation contents 184185
    • work guarantee 187
    • work measures 185186
  • Preferred shares
    • investment funds investment 675677
    • term 675
  • Premium rate, insurance products 9 10
  • Premium subsidies by governments
    • agriculture insurance 1095, 11231126
    • breeding insurance 1125
    • forest insurance 1125
    • natural rubber insurance 1125
    • plantation insurance 1125
  • Principal 646
    • infrastructure projects 646647
  • Product account value, definition 1066
  • Product change fees 1070
  • Productive Construction Army Crops 20
  • Product parameters 977
  • Professional committee 758
  • Professional insurance intermediary institutions, 895 , 923n27
  • Professionalism, salespersons 471 472
  • Professional service institutions, term 630 , 662
  • Profitability, insurance funds utilization 574
  • Property insurance
    • amendments to insurance clauses/premium rates 371
    • appointed legal counsel and actuary 365366

    • Page 1394

      approval of clauses and premium rates 362363
    • legal liability 368370
    • management of clauses and rates 364365
    • market 27
    • promoting plain language and standardization 372
    • recordation of clauses and rates 364
    • regulation of insurance clauses and premium rates 362373
    • relevant issues in implementing Measures 2010 370373
    • scope of products 370371
    • submission and formats and requirements 372373
    • submissions of materials 371
    • summary analysis report 371372
    • supervision and administration 367368
    • telemarketing of 510511
  • Property insurance company
    • business scope of 356358
    • commercial motor vehicle insurance clauses 386388
    • relevant work requirements 425
    • solvency regulation 540
  • Property insurance products
    • assessment, revision, review and cancellation 421
    • basic requirements of development 412413
    • development 412421
    • filing process 423424
    • improving the supervision of 422426
    • management methods 422423
    • naming rules 414
    • organization system for development 418419
    • product development process 419421
    • product submission 424
    • relevant work requirements 425
    • requirements on insurance clauses 415417
    • requirements on insurance premium rates 417418
    • supervision mechanism 422423
    • withdrawal mechanism 423
  • Property losses 1192
  • Proportional investment
    • adjustment mechanism 690
    • information registration 690
    • internal control proportions 689
    • monitoring proportions 689
    • regulatory proportions 689
    • special regulatory measures 690
    • supervision and administration 689690
  • Proportional regulation of insurance funds utilization, 685 692
    • adjustment mechanisms 690
    • classification and definitions of insurance assets 686
    • information registration 690
    • internal control proportions 689
    • investment instruments 691692
    • management of internal control proportions 688689
    • monitoring proportions 689
    • regulatory proportions 689
    • setting, for classes of assets 687
    • setting, for concentration risks 687688
    • setting the risk monitoring proportions 688
    • special regulatory measures 690
    • supervision and administration 689690
  • Proportional reinsurance
  • Proposer-related enterprises, reinsurance 461 , 461n424
  • Protection of insurance consumers, 1264 , See also China Insurance Security Fund Co., Ltd. (CISFCL); Consumers’ complaints
    • China Insurance Consumer Confidence Index (CICCI) 1268
    • complaint-handling mechanisms 1267
    • construction of system and mechanism for 12841295
    • corporate governance 12861288
    • decision implementation and supervision 1290
    • information disclosure mechanisms 12931294
    • institutional departments specific for 12881290
    • insurance security fund 1265, 12681270
    • internal evaluation mechanisms 12911292
    • legal framework for 12641268
    • requirements of insurers and associations for 12671268
    • review mechanism 1291
    • specialized committees for 1295
    • supervision and administration of mechanisms 1294

    • Page 1395

      taking over insurance companies 12651266
    • transfer of life insurance contracts and reserves to solvent insurers 12661267
  • Protection of insurance customers see Consumer disputes resolution
  • Public disclosure 553
  • Public knowledge 179 180 , 179n69
  • Public Mutual Insurance Corporation 1254
  • Qualifications examinations
    • content and question database management 179180
    • examination discipline 181182
    • method and standards for results 180
    • organization and implementation of 180181
    • post-holding, of insurance institution executives 182187
    • public knowledge 179n69
    • regulation contents 184185
    • work guarantee 187
    • work measures 185187
  • Quality, see Service quality
  • Quantitative capital requirements
  • Quasi-government bonds, insurance funds investment 586 587
  • RAFFIC, see Regulation of the People’s Republic of China on the Administration of Foreign-Funded Insurance Companies (RAFFIC)
  • Rating institutions, investment in bonds 594 596
  • Real estate, See also Investment in real estate
    • insurance funds utilization 575
    • investment in large-amount 821824
    • investment of insurance funds 629641
    • overseas investment with insurance funds 734
  • Real estate assets 686
    • classification standards for 812813
    • investment instruments 692
    • regulatory proportions for 687
    • term 812
  • Real estate investment management institutions, term 630
  • Real estate investment trusts (REITs), overseas investment with insurance funds 735
  • Registered capital 344
  • Regulation of insurance business, 352 , See also Conduct of insurance companies ; Insurance clauses and premium rates
    • access 355356
    • business scope 353
    • classification 354355
    • clauses and premium rates 360362
    • geological scope of 353354
    • hierarchical management 354360
    • materials for submission 359360
    • modification of business scope 356359
    • overview of law for 352353
    • regulatory requirements 361362
    • statutory requirements 360361
  • Regulation of the People’s Republic of China on the Administration of Foreign-Funded Insurance Companies (RAFFIC), 42n35 42 43 , See also Foreign-funded insurance companies
    • administration 121131
    • amended, of State Council 141142
    • annual reports 123n24
    • implementation rules for 123n22, 131134, 132n83
    • legal liability 129131
    • major shareholder requirement 133
    • new rules to eligibility criteria 133134
    • primary legislation 120121
    • providing business license 123n23
    • removal of foreign shareholding cap for life insurance companies 132133
    • scope of business 126127
    • supervision 127128
    • termination and liquidation 128129
    • unified rules for establishment of branch offices 134
  • Regulation on Compulsory Motor Vehicle Traffic Accident Liability Insurance 23 , 23n63 , 44
  • Regulation rules 14
  • Reinsurance brokers 463
  • Reinsurance business
    • brokers 463
    • claim management in contract 462
    • claims control clause 459
    • claims cooperation clause 459
    • clauses in contract 459n412, 459n414
    • concept 451

    • Page 1396

      confidentiality 461
    • contents of contract 458
    • errors and omissions clause 459
    • facultative reinsurance 454455
    • follow the fortune clause 460
    • follow the settlements clause 459460
    • health insurance 984
    • legal framework for 451453
    • legal liability 463
    • parties to contract 457458
    • proportional reinsurance 455457
    • regulation of 451463
    • retention of insurance business 460461
    • scope of 453
    • standard clauses in contract 458460
    • treaty reinsurance 453454
    • types of 453457
  • Reinsurance companies
    • earthquake catastrophe insurance 1167
    • formation of 104105
    • solvency regulation 541
    • term 104
  • Related-party transactions 326
  • Related-party transactions of insurance companies
    • calculation and proportion 257259
    • features of Measures 2019 267268
    • internal control of 259262
    • related parties and 254257
    • report and disclosure 262265
    • supervision and administration 265267
  • Remuneration, See also Salary management rules of insurance companies
  • Reputational risk 281 , 549
  • Reserve for outstanding losses 565
  • Resource transfer, related-party transactions 256
  • Retirement age, definition 1066
  • Retirement plan, see Pension insurance
  • Retrospective insurance sales practices 511 515
  • Reverse mortgage, see Elderly housing reverse mortgage pension insurance
  • Risk 268 , 276
    • classification of 281
    • definition of 2
    • monitoring proportions 688
  • Risk adjustment of critical illness insurance 1027
  • Risk appetite system 282
  • Risk assessment 272 273
  • Risk avoidance 286
  • Risk-based asset classification 803 , See also Asset classification
    • goals of five-grade 804805
    • principles 804
  • Risk classification 549 550
  • Risk control 273 274
    • bonds investment 591593
    • entrusted insurance funds investment 700701
    • equity investment 670672
    • infrastructure project investment 659660
    • insurance asset allocation management 763
    • insurance asset management companies 750
    • insurance funds utilization 711712
    • Internet insurance 12441245
    • old-age security management business 10491051
    • overseas investment with insurance funds 725727, 736738
    • real estate investment 635637
    • stocks investment 605609
  • Risk limits 282
  • Risk management
    • insurance groups 319320
    • requirements and evaluation 552
    • utilization of tax-deferred pension insurance funds 10821083
  • Risk management environment 277 278
  • Risk management of insurance companies 268 275
    • organization 270272, 278281
    • principles and general requirements 269270
    • risk assessment 272273
    • risk control 273274
    • supervision and improvement 274275
    • supervision over risk management 275
  • Risk mitigation 286
  • Risk retention 286
  • Risk supervision, insurance companies 287
  • Risk tolerance 282
  • Risk transfer 286
  • Risk warning, insurance companies 286 287

  • Page 1397

    Road Traffic Accident Social Relief Funds (SRF), 1215 1221 , See also Motor vehicle insurance
  • Road Traffic Safety Law of China 49
    • compulsory liability insurer 12111212
    • compulsory motor vehicle third-party liability insurance 1194n23
    • compulsory motor vehicle traffic accident liability insurance 1194n23
    • motor vehicle insurance 1189, 1190–1991
    • personal injury or death 1192
    • property losses 1192
    • social relief funds (SRF) 12151216
    • traffic accident liability insurance 1194
    • traffic administration 1208n78
  • Rollover fee 1064
  • Ruian Xingmin Rural Insurance Mutual Cooperative 1254
  • Salary management rules of insurance companies 234 243
    • implementing 2012 guidelines 241243
    • performance evaluation 236238
    • remuneration management 238239
    • remuneration payment 236
    • remuneration structure 235
    • remuneration supervision 239241
  • Sales, see Advertising or selling insurance
  • Sales control, internal control activity 293 294
  • Sales of insurance
    • personal insurance business 494495
    • retrospective administration 511515
  • Sales pages management, Internet insurance 1246
  • Salespersons, See also Advertising or selling insurance
    • accountability 475
    • administration of 470475
    • controlling data quality 473474
    • coordinating management framework 471
    • grading system 472
    • integrity system 473
    • legal and management responsibilities 470
    • legal punishment 474
    • legal supervision 474
    • qualifications 472, 479
    • recruitment management 471
    • regulating conduct of 468475
    • territorial supervision 474475
    • training for professionalism 471472
  • Savings 864
  • Scoring insurance funds use 796 803
    • grades A to D 801
    • internal control and regulatory compliance 796, 800802
    • methods 797800
    • operating procedures 800
    • supervision and administration 802803
  • Securities investment fund, overseas investment with insurance funds 734
  • Securities Investment Fund Law of China 791
  • Securities Law of China 741 , 791
  • Security, insurance funds utilization 574
  • Sedgwick Insurance and Risk Management and Consultation Company 21
  • Sedgwick Insurance and Risk Management Consulting (China) Co. Ltd. 883
  • Self-managed investment, insurance funds 692
  • Self-operated network platforms 1233n2
  • Self-regulation
    • insurance adjusters and practitioners 936937
    • insurance brokers 911
    • insurance industry 1516
  • Self-regulation of agriculture insurance 1138 1149
  • Self-regulation rules 50 51
  • Self-regulatory institutions 1320
    • Insurance Asset Management Association of China (IAMAC) 1320, 13241327
    • Insurance Association of China (IAC) 1320. 13211324
    • insurance intermediary associations 13271329

  • Page 1398

    Senior executive 900
  • Senior executives of insurance companies
    • administration of auditing of 218223
    • confirmation of satisfaction of office qualifications 173175
    • legal liability 178179
    • office qualification examinations for 179182
    • office qualifications for 168173
    • principles for training 188
    • responsibilities of regulatory authorities 192194
    • supervision and administration 175178
    • term 168
    • trainees 188189
    • training content 189191
    • training of 187194
    • training organization and implementation 191192
  • Separate account management 1044
  • Serious mass incidents 488 , 488n94
  • Service quality
    • evaluation methods 526
    • evaluation system 525526
    • insurance companies 524527
    • rating 526527
    • safeguards 527
    • scope of evaluation 525
  • Shaky Isles 1183
  • Shanghai Anxin Agriculture Insurance Company 24
  • Shanghai City Banking and Insurance Regulatory Bureau 60
    • Shanghai Dongda Insurance Brokers 883
    • Shanghai Jington Construction Co., Ltd. 959
  • Shanghai Yuezhi Insurance Appraisal Co. Ltd. 955
  • Shareholder equity 326
  • Shareholders
    • behaviours of 339341
    • classification of equities 331
    • qualifications of 332335
    • strengthening the obligations of 195196
  • Shenzhen Xincheng United Insurance Adjusting Co., Ltd. 957
  • Short-term health insurance 975 , 982 983
    • lacking guarantee renewal 986
  • Sichuan Banking and Insurance Regulatory Bureau 1182
  • Sichuan Province
  • Sideline Bancassurance Business Permit 858
  • Sideline insurance agent 857 , See also Bancassurance business
  • Significant administrative punishment 1108
  • Significant defects, term 307
  • Small-sum claim settlement of individual medical insurance 521 , 522 523
  • Small-sum claim settlement of vehicle insurance 520 , 522
  • Small-sum insurance claim settlement 520 , 523
  • Social Insurance Law of China 1036
  • Solvency 326
    • composite solvency adequacy ratio 28n92
    • insurance companies 2829
    • regulation on insurers’ 13
  • Solvency adequacy indicators 547
  • Solvency II 1243
  • Solvency of insurers, maintenance of 5 7
  • Solvency regulation 532 , See also China Risk-Oriented Solvency System (C-ROSS)
    • brief account of Provisions 2003 537538
    • brief account of Provisions 2008 538539
    • first generation system 536541
    • framework of second generation (C-ROSS) 541553
    • legal framework of 533536
    • minimum solvency margin 537538
    • Notice 2008 of CIRC 539541
  • Solvency risk management requirements and evaluation (SARMRA) system, 557 558
  • Special information 326
  • Specialized insurance intermediary institutions 1233n1
  • Special penalty 601
  • Special services, critical illness insurance 126
  • Special supervision 287
  • Spot check, internal control 308
  • SRF, see Road Traffic Accident Social Relief Funds (SRF)

  • Page 1399

    State Administration of Foreign Exchange (SAFE), 100 , 559 , 580 581 , 715n711 , 716 717 , 719 721 , 724 725 , 728 729
  • State Council, 2 3 , See also China Banking and Insurance Regulatory Commission (CBIRC) ; Insurance Supervision and Regulation Authority (ISRA)
    • administrative regulations by 4247
    • opinions on insurance industry development 4547
    • regulation authority of 4950
    • regulation of agriculture insurance 10931101
  • Statutory requirements, insurance clauses and premium rates 360361
  • Stock asset custody 598
  • Stock index futures trading 610614
  • Stocks/stock funds 765 791 , See also Investment in stocks
    • assignment of responsibilities and authorization approval 791792
    • control of investment implementation 793795
    • insurance funds utilization 575
    • internal control of insurance funds 791796
    • investment research control and decision–making 792793
    • post-investment management 795796
  • Strategic asset allocation plan 761
  • Strategic risk 281 , 549
  • Subsidies of Central Treasury, drafting clauses of agriculture insurance 1111 1113
  • Supervisors of insurance companies
    • compliance duties 245246
    • confirmation of satisfaction of office qualifications 173175
    • functions of board of 198
    • legal liability 178179
    • office qualification examinations for 179182
    • office qualifications for 168173
    • off-site monitoring 201
    • on-site inspection 201
    • principles for training 188
    • qualification management and training 201
    • related-party transactions 259260
    • responsibilities of regulatory authorities 192194
    • supervision and administration 175178
    • trainees 188189
    • training content 189191
    • training of 187194
    • training organization and implementation 191192
  • Supreme People’s Court (SPC) 36 37
    • compensation for damage 12121213
    • compulsory motor policy 1205
    • consumer disputes resolution 1304
    • insurance agents 837
    • insurance contract 841, 888n27
    • insurance disputes 1304, 1309
    • judicial guidance on mediation 13061308
    • judicial interpretations of statutory law 4749
    • judicial mediation 1315
    • litigation mediation 1306n155
    • third-party rights for motor vehicle insurance 12101212
  • Supreme People’s Court Provisions on Civil Litigation Evidence, 954n203 , 954 955 , 957 , 959
  • Sustainability of growth 30 31
  • Underwriting
    • agriculture insurance 11161118
    • announcement 1142
    • identity verification 1142
    • information collection 1141
    • information confirmation 1142
    • management 11421143
    • premium collection and policy issuance 1143
    • process requirements 11411142
    • publicity and disclosure 11401141
    • return visit 1143
  • Unexpired liability reserve 565
  • Unit-linked insurance policy 874n272
  • Unit-linked insurance products
    • benefit illustration 438
    • cooling-off period and surrender 438440
    • information disclosure 437440
    • investment account 437438
    • policy status report 439440
    • risk alert 437
  • Universal insurance 24 , 24n70 , 355n14 , 874n271
  • Universal insurance products
    • characteristics 441
    • policy benefits 441442
    • requirements for information disclosure 440442
    • risk alert 440441
  • Universal life insurance 874n271
  • Utilization, see Insurance funds utilization
  • Venture capital funds 583
    • fund management institutions and 684685
    • insurance funds investment 683685
  • Xinhua Life Insurance Company 21 , 530
  • Xinjiang Military Group Property Insurance Company 22
  • Xinjiang Production and Construction Corps 998 , 1001 , 1091 , 1125
  • Xinjiang Productive Construction Military Crops 22
  • Yingan Property Insurance Company 21
  • Yong An Insurance 1268
  • Zhejiang Adjustment Institution 920
  • Zhejiang Province Banking and Insurance Regulatory Bureau, 60

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