December 10, 2008

China Insurance Regulatory Commission to monitor insurance costs reduced charges

National Development and Reform Commission Web site, National Development and Reform Commission, Ministry of Finance released a few days ago "on insurance supervision fee, and other charges related to the issue of notice" (hereinafter referred to as "notice"), to reduce the China Insurance Regulatory Commission on insurance companies, insurance agencies , And representative offices of foreign insurance institutions, insurance asset management company to collect the insurance supervision fee charges. "Notification" from January 1 next year from the Executive.



"Notice" provisions of the insurance business liability insurance and short-term health insurance from insurance companies according to the retention of the annual premium income fell by 1.8 ‰ of the annual insurance premium of 1.6 ‰ retention charge; other property insurance business, Personal accident insurance business, according to the retention of the annual insurance premium income fell to 1.9 ‰ according to the retention of the annual insurance premium of 1.7 ‰ charge.



Insurance companies operating on long-term life insurance business, according to the retention of the annual insurance premium income fell to 1.1 ‰ according to the retention of the annual insurance premium of 0.9 ‰ of the course; insurance companies operating on long-term health insurance from insurance companies by Retention of annual premium income fell to 1.0 ‰ according to the retention of the annual insurance premium of 0.8 ‰ charge.



Insurance companies operating on a policy of export credit insurance, new rural cooperative medical insurance, rural small business person, family planning, insurance and agriculture insurance business free of regulatory costs.



For specializing in the insurance intermediary business agencies, according to the agency's business operating income fell to 1.5 ‰ according to the agency business operating income of 1.2 ‰ collection, including insurance agents, insurance agencies assess the public's supervision of insurance costs every year each agency does not Less than 800 yuan, the insurance broker of insurance regulatory agency fees each agency each year not less than 1,200 yuan. Engaged in the insurance industry and agents of the insurance regulatory agencies free of charge.



Representative offices of foreign insurance institutions to collect insurance supervision fee standards, still a year for each 20,000 yuan implementation of the representative office.



Insurance asset management company entrusted with the management of the business, according to the operating income of 0.5% to collect insurance supervision fee, with the maximum not more than 300,000 yuan.

No comments: