Article 95 The business scope of insurance companies: (1) Personal insurance business, including life insurance, health insurance, accident insurance and other insurance businesses; (2) Property insurance business, including property loss insurance, liability insurance, credit insurance,

Guarantee insurance and other insurance businesses; (3) Other insurance-related businesses approved by the Insurance Regulatory Authority of the State Council.

Insurers are not allowed to engage in personal insurance business and property insurance business concurrently.

However, insurance companies operating property insurance business may operate short-term health insurance business and accident insurance business with the approval of the State Council's insurance regulatory agency.

Insurance companies shall engage in insurance business activities within the business scope approved by the insurance regulatory authority of the State Council in accordance with the law.

Article 96 With the approval of the insurance regulatory agency of the State Council, insurance companies may engage in the following reinsurance businesses of the insurance business specified in Article 95 of this Law: (1) ceded insurance; (2) ceded insurance.

Article 97 An insurance company shall withdraw 20% of its total registered capital as a guarantee deposit and deposit it in a bank designated by the Insurance Regulatory Authority of the State Council. It shall not be used except to pay off debts when the company is liquidated.

Article 98 An insurance company shall set aside various liability reserves in accordance with the principles of protecting the interests of the insured and ensuring solvency.

The specific methods for insurance companies to withdraw and carry forward liability reserves shall be formulated by the insurance regulatory agency of the State Council.

Article 99 Insurance companies shall withdraw provident funds in accordance with the law.

Article 100 Insurance companies shall pay insurance security funds.

The insurance protection fund shall be managed centrally and used in a coordinated manner under the following circumstances: (1) To provide relief to the policy holder, the insured or the beneficiary when the insurance company is canceled or declared bankrupt; (2) When the insurance company is canceled

Or when it is declared bankrupt, provide relief to the insurance company that accepts its life insurance contract in accordance with the law; (3) other circumstances prescribed by the State Council.

The specific measures for the collection, management and use of insurance protection funds shall be formulated by the State Council.

Article 101 An insurance company shall have a minimum solvency commensurate with its business scale and risk level.

The difference between the recognized assets of an insurance company minus the recognized liabilities shall not be less than the amount specified by the insurance regulatory agency of the State Council; if it is lower than the specified amount, corresponding measures shall be taken in accordance with the requirements of the insurance regulatory agency of the State Council to reach the specified amount.

Article 102: An insurance company operating property insurance business shall not retain insurance premiums for the year exceeding four times the total of its actual capital and provident fund.

Article 103 The liability of an insurance company for each dangerous unit, that is, for the maximum range of losses that may be caused by an insured accident, shall not exceed 10% of the total of actual capital plus provident fund; the excess shall be handled

Reinsurance.

The classification of dangerous units by insurance companies shall comply with the provisions of the State Council's insurance regulatory agency.

Article 104 An insurance company's method of classifying dangerous units and catastrophe risk arrangement plans shall be reported to the insurance regulatory agency of the State Council for filing.

Article 105 Insurance companies shall handle reinsurance in accordance with the regulations of the Insurance Regulatory Authority of the State Council and prudently select reinsurance recipients.

Article 106: Insurance companies must use funds in a prudent manner and follow the principle of safety.

The use of funds by insurance companies is limited to the following forms: (1) bank deposits; (2) trading of bonds, stocks, securities investment fund shares and other securities; (3) investment in real estate; (4) other forms of use of funds prescribed by the State Council.

The specific management measures for the use of insurance company funds shall be formulated by the insurance regulatory agency of the State Council in accordance with the provisions of the preceding two paragraphs.

Article 107 With the approval of the Insurance Regulatory Authority of the State Council in conjunction with the Securities Regulatory Authority of the State Council, insurance companies may establish insurance asset management companies.

Insurance asset management companies engaging in securities investment activities shall comply with the provisions of the Securities Law of the People's Republic of China and other laws and administrative regulations.

The management measures for insurance asset management companies shall be formulated by the Insurance Regulatory Authority of the State Council in conjunction with relevant departments of the State Council.

Article 108 Insurance companies shall establish a management and information disclosure system for related party transactions in accordance with the provisions of the State Council's insurance regulatory agency.

Article 109 The controlling shareholders, actual controllers, directors, supervisors, and senior managers of an insurance company shall not use related transactions to harm the interests of the company.

Article 110 Insurance companies shall, in accordance with the regulations of the Insurance Regulatory Authority of the State Council, truly, accurately and completely disclose financial accounting reports, risk management status, insurance product operations and other major matters.

Article 111 Personnel engaged in insurance sales of an insurance company shall be of good conduct and possess the professional abilities required for insurance sales.

The behavioral norms and management measures for insurance sales personnel shall be prescribed by the insurance regulatory agency of the State Council.