China Insurance Regulatory Commission (hereinafter referred to as China Insurance Regulatory Commission) was established on November 18th, 1998, and it is a public institution directly under the State Council. Perform administrative functions as authorized by the State Council, supervise and manage the national insurance market in accordance with laws and regulations, and maintain the legal and steady operation of the insurance industry.

Main responsibilities

1. Formulate policies and policies for the development of the insurance industry and formulate industry development strategies and plans; Drafting laws and regulations on insurance supervision; Formulate industry regulations.

2. examine and approve 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; To examine and approve the establishment of representative offices of overseas insurance institutions.

examine and approve the establishment of insurance intermediaries such as insurance agencies, insurance brokerage companies and insurance loss assessment companies 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, and decide to take over and designate acceptance; Participate in and organize the bankruptcy and liquidation of insurance companies.

3. Review and confirm the qualifications of senior managers of various insurance institutions; Formulate basic qualification standards for insurance practitioners.

4. examine and approve the insurance clauses and premium rates of insurance types that are related to the public interest, those that are subject to compulsory insurance according to law and newly developed life insurance types, and implement record management on the insurance clauses and premium rates of other insurance types.

5. Supervise the solvency and market behavior of insurance companies according to law; To be responsible for the management of the insurance guarantee fund and supervise the insurance deposit; According to the law and the state's policy on the use of insurance funds, formulate relevant rules and regulations and supervise the use of funds by insurance companies according to law.

6. Conduct business supervision on policy insurance and compulsory insurance; Supervise 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.

7. investigate and punish illegal and irregular behaviors such as unfair competition between insurance institutions and insurance employees, as well as non-insurance institutions operating or operating insurance business in disguised form.

8. supervise insurance institutions established overseas by domestic insurance and non-insurance institutions according to law.

9. Formulate the informatization standards of 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 compiling data and statements of the national insurance industry in a unified way, and publish them in accordance with relevant state regulations.

1. To undertake other tasks assigned by the State Council.

Extended information:

In p>23, the State Council decided to change the China Insurance Regulatory Commission from a vice-ministerial institution directly under the State Council to a ministerial institution directly under the State Council, and correspondingly increase the functional departments, dispatched institutions and staffing.

China Insurance Regulatory Commission has 16 functional institutions and 2 institutions, 36 insurance regulatory bureaus in all provinces, autonomous regions, municipalities directly under the Central Government and cities with separate plans, and 5 insurance regulatory sub-bureaus in Suzhou, Yantai, Shantou, Wenzhou and Tangshan.

In March p>218, according to the institutional reform plan of the State Council approved by the first session of the 13th National People's Congress, the responsibilities of the China Insurance Regulatory Commission were integrated and the Bank of China Insurance Regulatory Commission was established; Transfer the responsibility of the basic system of prudential supervision of China Insurance Regulatory Commission to the People's Bank of China; China Insurance Regulatory Commission will no longer be retained.

the establishment of the CIRC is fundamentally to realize the separation of financial macro-control and micro-control, and it is an inevitable requirement for the financial industry and financial market that are increasingly complicated, specialized and technical in financial supervision and control.

five years later, in 23, the establishment of China Banking Regulatory Commission (CBRC) marked the formal establishment of the financial structure of "one line, three meetings" (People's Bank of China, China Securities Regulatory Commission, China Insurance Regulatory Commission and China Banking Regulatory Commission), which played a very important role in enhancing the competitiveness of the three major markets of banks, securities and insurance and preventing financial risks in a wider scope. A new insurance supervision system has been established, which includes macro supervision by the central bank and micro supervision by the China Insurance Regulatory Commission.

Baidu Encyclopedia-China Insurance Regulatory Commission