China Insurance Regulatory Commission is a ministerial organization directly under People's Republic of China (PRC) and the State Council. It was established in June 1998 1 1.
2065438+In March 2008, according to the decision of the first session of the 13th National People's Congress on the institutional reform plan of the State Council, China Insurance Regulatory Commission was abolished.
Historical evolution:
1998165438+10 According to the Notice of Central the State Council on Deepening Financial Reform, Rectifying Financial Order and Preventing Financial Risks (Zhong Fa [1997] 19) and the Notice of the State Council on Establishing China Insurance Regulatory Commission,
2065438+In March, 2008, the first meeting of the 13th National People's Congress approved the "Institutional Reform Plan of the State Council", established the Insurance Regulatory Commission of Bank of China, and no longer retained the Insurance Regulatory Commission of China.
Institutional responsibility:
According to the Notice of the General Office of the State Council on Printing and Distributing the Provisions on the Internal Structure and Staffing of the Main Duties of China Insurance Regulatory Commission (Guo Ban Fa [2003] No.61), the main responsibilities of China Insurance Regulatory Commission are:
(1) To formulate policies for the development of the insurance industry and formulate industry development strategies and plans; Drafting insurance supervision laws and regulations; Formulate industry regulations.
(2) Examining and approving the establishment of insurance companies and their branches, insurance group companies and insurance holding companies; To examine and approve the establishment of insurance asset management companies in conjunction with relevant departments; Examining and approving the establishment of representative offices of overseas insurance institutions; To examine and approve the establishment of insurance agencies, insurance brokerage companies, insurance assessment companies and other insurance intermediaries and their branches; Examining and approving domestic insurance institutions and non-insurance institutions to set up insurance institutions overseas; To examine and approve the merger, division, change and dissolution of insurance institutions, decide to take over and designate acceptance; Participate in and organize the bankruptcy liquidation of insurance companies.
(three) review and identify the qualifications of senior managers of various insurance institutions; Formulate basic qualification standards for insurance practitioners.
(4) Examining and approving the insurance clauses and premium rates of the insurance products that are related to public interests, the insurance products that are compulsory according to law and the newly developed life insurance products, and carrying out record management on the insurance clauses and premium rates of other insurance products.
(five) to supervise the solvency and market behavior of insurance companies according to law; Responsible for the management of the insurance guarantee fund and supervise the insurance deposit; According to the law and the national policy on the use of insurance funds, formulate relevant rules and regulations and supervise the use of funds by insurance companies according to law.
(six) business supervision of policy insurance and compulsory insurance; Supervise the organizational forms and business activities such as exclusive self-insurance and mutual insurance. Centralized management of insurance industry associations, insurance societies and other industry associations.
(seven) to investigate and deal with illegal acts of unfair competition between insurance institutions and insurance practitioners, as well as non-insurance institutions operating or operating insurance business in disguised form.
(8) To supervise insurance institutions established overseas by domestic insurance and non-insurance institutions according to law.
(9) Formulating information standards for the insurance industry; Establish an insurance risk assessment, early warning and monitoring system, track, analyze, monitor and predict the operation of the insurance market, be responsible for the unified compilation of national insurance data and statements, send a copy to the People's Bank of China, and publish them in accordance with relevant state regulations.
(ten) in accordance with the relevant provisions of the central government and the cadre management authority, responsible for the system of party building, discipline inspection and cadre management; Responsible for the daily work of the board of supervisors of state-owned insurance companies.
(eleven) to undertake other tasks assigned by the State Council.