Conditions for establishing an insurance company

(1) Having articles of association that conform to the provisions of the Insurance Law and the Company Law;

(2) It has a registered capital meeting the minimum amount stipulated in this Law;

(3) Having senior managers with professional knowledge and professional work experience;

(4) Having a sound organizational structure and management system;

(5) Having business premises and other business-related facilities that meet the requirements.

When examining the application for establishment, the insurance supervision and administration institution shall consider the needs of the development of the insurance industry and fair competition.

Registered capital requirements

The minimum registered capital for the establishment of an insurance company is RMB 200 million.

The minimum registered capital of an insurance company must be paid-in monetary capital.

The insurance supervision and administration institution may adjust the minimum registered capital of an insurance company according to its business scope and business scale. But it shall not be lower than the limit specified in the first paragraph.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.