according to the appendix to the guidelines for the application of accounting standards for business enterprises-accounting subjects and treatment of main accounts, financial enterprises such as insurance companies should set the subjects of "business and management fees" instead of "sales expenses" and "management expenses". When an insurance company withdraws the insurance protection fund, it debits the title of "business and management fees" and credits the title of "other payables-insurance protection fund".
according to the relevant regulations of the state, insurance companies should pay the insurance guarantee fund according to the following proportions for the insurance business covered by the insurance guarantee fund: property insurance, accident insurance and short-term health insurance, and pay 1% of the retained premium; Long-term life insurance and long-term health insurance with guaranteed interest rate shall be paid at .15% of the retained premium; Long-term life insurance without guaranteed interest rate shall be paid at .5% of the retained premium; The payment ratio of other insurance businesses of insurance companies shall be stipulated separately by the China Insurance Regulatory Commission. According to the provisions of the Appendix to the Guidelines for the Application of Accounting Standards for Business Enterprises-Accounting Subjects and Treatment of Main Accounts, when an insurance company pays the insurance protection fund to the China Insurance Regulatory Commission, it debits the account of "other payables-insurance protection fund" and credits the account of "bank deposit".
according to the relevant regulations of the state, an insurance company shall timely and fully pay the insurance protection fund into the special account of the insurance protection fund of China Insurance Regulatory Commission, but the payment of the insurance protection fund may be suspended under any of the following circumstances: if the balance of the insurance protection fund of a property insurance company, a comprehensive reinsurance company or a property reinsurance company reaches 6% of the company's total assets; The balance of insurance guarantee funds of life insurance companies, health insurance companies and life reinsurance companies reaches 1% of the company's total assets.
insurance companies pay insurance protection funds on an annual basis and pay in advance quarterly.