News China20 Sep 2019

CBIRC updates rules on cross selling between insurers

20 Sep 2019

The insurance intermediaries department of the CBIRC has issued its "Notice on Doing a Good Job of Cross Selling among Insurance Companies" which stipulates that an insurance company that acts as an agent for other insurance companies has to obtain an insurance agency licence from the local bureau of the CBIRC in the territory where the insurer is located. The licence is valid for three years.

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