The provisions of the preceding paragraph shall not apply to branches established outside People's Republic of China (PRC) by insurance institutions or branches established in People's Republic of China (PRC) by foreign banks. However, unless People's Republic of China (PRC) and other countries or regions have other arrangements for the deposit insurance system. Article 3 The term "deposit insurance" as mentioned in these Regulations refers to a system in which insurance institutions pay premiums to deposit insurance fund management institutions to form deposit insurance funds, and deposit insurance fund management institutions pay insured deposits to depositors in accordance with the provisions of these Regulations and take necessary measures to maintain the safety of deposits and deposit insurance funds. Article 4 Insurance deposits include RMB deposits and foreign currency deposits absorbed by insurance institutions. However, inter-bank deposits of financial institutions, deposits of senior managers of insurance institutions in this insurance institution and other uninsured deposits stipulated by the deposit insurance fund management institution are excluded. Article 5 Deposit insurance shall be paid in a limited amount, with a maximum payment limit of 500,000 yuan. The People's Bank of China, together with relevant departments of the State Council, may adjust the maximum payment limit according to factors such as economic development, changes in deposit structure and financial risks, and report it to the State Council for approval before promulgation and implementation.
If the total amount of funds calculated by the same depositor in all insured deposit accounts of the same insurance institution is within the maximum repayment limit, full repayment will be implemented; The part exceeding the maximum payment limit shall be compensated from the liquidation property of the insurance institution according to law.
After the deposit insurance fund management institution repays the insured deposit of the depositor, it obtains the creditor's rights of the depositor to the insurance institution in the same repayment order within the scope of the repayment amount.
Measures for the deposit of social insurance funds and housing accumulation funds shall be formulated separately by the People's Bank of China in conjunction with relevant departments of the State Council and submitted to the State Council for approval. Article 6 The sources of deposit insurance funds include:
(1) Insurance premiums paid by insurance institutions;
(2) Property distributed in the liquidation of the insurance institution;
(three) the income obtained by the deposit insurance fund management institution from the use of the deposit insurance fund;
(4) Other lawful income. Article 7 A deposit insurance fund management institution shall perform the following duties:
(a) to formulate and publish rules related to the performance of duties;
(two) to formulate and adjust the deposit insurance rate standard and report it to the State Council for approval;
(3) Determining the applicable rates of various insurance institutions;
(4) collecting insurance premiums;
(5) Managing and using the deposit insurance fund;
(six) failing to take early corrective measures and risk disposal measures in accordance with the provisions of these regulations;
(seven) timely payment of depositors' insured deposits within the limits prescribed by these regulations;
(eight) other duties approved by the State Council.
The deposit insurance fund management institution shall be decided by the State Council. Article 8 Deposit banking financial institutions that started business before the implementation of these Regulations shall go through the insurance formalities within the time limit prescribed by the deposit insurance fund management institution.
Banking financial institutions that take deposits and start business after the implementation of these Regulations shall, within 6 months from the date when the business license is issued by the administrative department for industry and commerce, go through the insurance formalities in accordance with the provisions of the deposit insurance fund management institution. Article 9 Deposit insurance rates consist of benchmark rates and risk differential rates. The rate standard shall be formulated and adjusted by the deposit insurance fund management institution according to the economic and financial development, deposit structure and deposit insurance fund accumulation level, and shall be implemented after being approved by the State Council.
The applicable rates of insurance institutions shall be determined by the deposit insurance fund management institution according to the operation and management status and risk status of insurance institutions. Article 10 The premium that an insurance institution should pay shall be calculated according to the applicable rate determined by the deposit insured by the insurance institution and the deposit insurance fund management institution, and the specific measures shall be formulated by the deposit insurance fund management institution.
An insurance institution shall, in accordance with the requirements of the deposit insurance fund management institution, regularly submit the balance of insured deposits, deposit structure and other necessary information related to determining applicable rates, accounting premiums and paying off deposits.
Insurance institutions shall pay premiums every six months in accordance with the provisions of the deposit insurance fund management institution. Article 11 The use of deposit insurance funds shall follow the principles of safety, liquidity, preservation and appreciation, and be limited to the following forms:
(1) Deposited in the People's Bank of China;
(2) Investing in high-grade bonds such as government bonds, central bank bills and financial bonds with high credit ratings;
(three) other forms of use of funds approved by the State Council. Article 12 The deposit insurance fund management institution shall, within three months after the end of each fiscal year, prepare financial accounting reports and deposit insurance fund income and expenditure statements, and prepare annual reports, which shall be published in accordance with relevant state regulations.
The income and expenditure of deposit insurance funds shall abide by the unified financial and accounting system of the state and accept the audit supervision of audit institutions according to law.