Bank Hanlaobaoshou desire to experience high-risk King contract

Insurance regulators hope to regain the right to speak, to lower fees unreasonable to refuse the terms of

Some banks in the business of the Fund to sell a substantial decline, requiring the company to use the strong position of King signed the contract to allow insurance companies to ensure their access to capital is scheduled to silver revenue. The insurance regulatory authorities highly concerned about requiring the company to restore security in the silver market initiative.

Bank: Silver King outsourcing contract security targets

This reporter has learned in business to sell more funds going from bad to worse, some large state-owned commercial banks to draw up in the middle of the revenue targets of the focus was shifted to the Bank up security operations, and to enter into a contract "outsourcing" to the insurance Banks and Insurance companies to ensure that the business income. In this contract, regardless of the ultimate insurance companies to obtain bank premiums for how much insurance companies must be in accordance with the contract agreement in advance of the Bank of security operations the amount of fees paid to the bank. In other words, if insurance companies from the Bank of security channels recorded a premium given the bank did not meet the target, insurance companies have to "put money" to make up for silver bank security procedures for business expenses.

In fact, some insurance companies have been forced out of his own pocket to fulfill the contract, and to expand channels of funding allocated to the name of the bank. Grasp the current situation, the insurance fee subsidies amounting to several hundred million are not uncommon.

Analysts pointed out that the "King of the contract" behind in real terms is that the insurance agent bank channels to expand the market, "the initiative" completely lost. Banks have been able to embrace the use of silver deposit insurance business is the main reason this year to strengthen the bancassurance business insurance sales, and competition in order to give priority to commercial banks, sales outlets, the bank accepted the initiative put forward by the "King of the contract" and a loss of words Right.

In addition, the bank has taken another approach would be to pass on the risk of insurance companies to ensure their own intermediate business income, that is, the Bank of tender security business. Some of this incredible means of a bank facing the annual plan is particularly alarming when the reality. For banks, insurance companies which are given the high fees, reported a large volume of business, which insurance companies will be able to access network.

Monitoring: the middle class life concerted action for the right to speak

"Although these practices make individual insurance rates in the near future access to comparative advantage, but in the long term, the entire security market, the Bank for the healthy development of more harm than good." Market participants pointed out that the "provisions of the King" accept The final damage is long-term interests of the insurance industry, and the Bank of blindly pursuing the interests of the Bank of security is not conducive to the development of the channel, will eventually lose Bancassurance channel competitiveness.

Because of the large number of foreign insurance companies, insurance premium silver are accounted for more than 80% of Banks and Insurance channels of high-dependent, making Bancassurance channels for insurance companies the right to speak of the difficulties facing the action. The current master of the situation, many companies have been completed in the first half of most of the indicators, insurance companies, insurance business of Bank of annual targets for the reduction of a large, the fees are too high for some of the realities of adjusting the silver Security sources and standard operating expenses. This is insurance for insurance market for silver voice to create a good environment.

It is understood that, with regard to the above, the current regulatory approach is that the insurance companies to take advantage of the Bank of the security industry the opportunity to control, in the face of insurance companies in the Bank of security in the channel in a weak position, can be achieved, "Chanxiangongsi Life Insurance Company and concerted action "Insurance companies for the right to speak due to lower fees unreasonable to refuse the terms.

Ministry of Finance: Tingzheng after-tax interest on the tax calculation still sub -

Xinhua Beijing on October 10 (Reporter Rosa, Miss) the Ministry of Finance Tax Department, the State Administration of Taxation Income Tax Division is responsible for 10 people in the waiver to answer questions about the collection of interest on savings deposits from individual income tax issues that the Interest on tax policy, tax practice is still sub-calculation.

According to the relevant provisions of the Personal Income Tax Law and the State Council decided on October 9, 2008, the savings on interest income (including RMB and foreign currency savings interest income) waiver to levy personal income tax.

In this regard, the two departments pointed out that the adjustment only in October 2008 after 9 (including the October 9) to seek interest waiver from the personal income tax collection. If a person in January 1, 2007 into the 3-year deposits, in December 31, 2009 expiration. The deposit on January 1, 2007 to August 14, 2007 accrued interest, according to the 20% rate of taxation of personal income tax; August 15, 2007 to October 8, 2008 accrued interest, according to the 5% The rate of personal income taxation; October 9, 2008 after accrued interest, exempt from personal income tax. As for the depositors in October 9, 2008 after the deposit of the bank to seek interest on savings deposits, the waiver will be collecting personal income tax.

In addition, interest on savings deposit interest tax based on breeding different time, different tax rates still apply. The interest rate on savings deposits from individual income tax levy waiver, the savings deposits in October 31, 1999 accrued interest, not to collect personal income tax; in savings deposits on November 1, 1999 to August 14, 2007 the breeding Interest, in accordance with the 20% rate of personal income tax; savings deposits in August 15, 2007 to October 8, 2008 accrued interest, according to the 5% rate of personal income tax; savings deposits in October 2008 after 9 ( With Oct. 9) accrued interest, the collection of personal income tax waiver.

Since November 1, 1999 on the savings deposit interest income to resume collecting personal income tax, interest tax in encouraging consumption and investment, a reasonable regulation of personal income to increase revenue, and so has played an active role. The two departments said that China's response to the new socio-economic situation of the savings deposit interest income waiver to levy personal income tax, in favor of personal savings deposits increased earnings, in line with the national macro-control.

At the same time, the two departments said that the interest covers a wide range of tax, related to the vital interests of the overwhelming majority of ordinary people. In order to ensure the waiver interest tax policies were implemented at all levels of finance, taxation, banking supervision departments should strengthen coordination and cooperation, and successfully carry out follow-interest tax management.

Since the decision of the State Council on the 9th of the savings from interest income waiver to levy personal income tax. Yesterday, the Ministry of Finance and Administration of Taxation issued "on the savings deposit interest income related to personal income tax policy," which further defined the pre-tax interest on savings deposits Tingzheng seek interest on the proceeds of collection of personal income tax. Click details

Xinhua Beijing on October 8 (Reporter Miss Wang Yu) in accordance with the relevant provisions of the Personal Income Tax Law and the State Council decided on October 9, 2008, interest on savings deposits from individual income tax levy waiver. Click details

AIG "sale" of assets owned Shin Corporation shares to sell for friends

In adhering to 3 weeks "not to abandon life insurance, Insurance two core business" argument, the time for the United States on October 3, American International Group (AIG) has announced plans to sell Assurance minority.

Although the Chinese friends in the area did not sell out, but rumors of the "buyer" appeared in China Life Insurance (601,628, it shares), the Industrial and Commercial Bank (601,398, it shares), PICC Property Insurance, and other Chinese-funded companies figure.

Chinese buyers cautious

AIG, according to Beijing representative office on the 4th said, AIG is its wholly-owned subsidiary of Life Insurance - American International Assurance Company Limited to find strategic investors, for which, AIG will sell Assurance part of the shares.

International Assurance in the Asia Pacific region AIG President and Chief Executive Officer Michael Moses said the letter, the current International Assurance Company and its financial soundness, the introduction of strategic investors to ensure that our allies will be able to continue solid growth and enhancement of quality insurance products and services.

Chizha the insurance industry appears to be a century of the International Assurance and Buchou Mai.

Chi Mak said the letter, the parent company from the previous week in New York Friday announced that it would start large-scale divestiture of the project, there are more than 12 companies have approached the American International Assurance.

On hearing this from many well-known Chinese-funded institutions, the media is currently out of at least 3: China Life Insurance (601,628, it shares), the Industrial and Commercial Bank (601,398, it shares) and PICC Property Insurance.

Although the current news, Chinese friends in the area did not sell out, but most of the opinion that China's friendly countries as part of its fastest-growing region, will also be forced to sell part of its stake, as well as re-break in exchange for Extension Turkey's freedom.

"Chinese-funded companies to participate in the purchase of our allies do not share that was not possible, in particular, a number of Chinese-funded insurance institutions." Insurance experts say a "friends of the insurance business is a very good piece of the assets, if successful acquisition, can play a very strong synergy. "

It is reported that successfully VISA lucrative investment of China Life Insurance (601,628, the shares it) very high voice, while another businessman Paul Insurance Insurance is back with AIG "Zhanqindaigu." People's Insurance and AIG Insurance are both strategic and cooperative partnership, which is held by People's Insurance Insurance 9.9% stake, and therefore does not rule out the possibility that both sides will continue to promote cooperation in equity.

Reporters asked whether China Life, PICC Property Insurance, and other Chinese-funded institutions, get back are "innocent."

The industry is also a reminder of the possible acquisition of the risk of friendly countries.

China Merchants Securities analyst Luo Yi insurance that if the acquisition is China's friendly assets, the risk is clearly very small, because China's diplomatic performance has been good for many years; However, if China is to buy assets other than our allies, on the risk of the unknown .

China quiet friendly

AIG crisis, the friends of China has been calm, Hong Kong, China, Singapore, the wave did not surrender a large scale in the Chinese mainland to copy.

Sept. 17, friends of Hong Kong issued a statement, although the company was a subsidiary of AIG, but has a sound and independent accounts, insurance policies issued by the company directly responsible, and have adequate capital and are subject to strict supervision of the insurance supervisory bodies.

"In fact AIG closed down or not, the financial independence of the International Assurance is there will not be much affected." Allies, a client manager in a letter to clients to appease wrote, "and that the U.S. government loans, friends Insurance also increased by a more solid strength of the shareholders - the U.S. government, there are not more than the United States in the context of the shareholders. "

October 3, Chi Mak letter said: "AIA and its financial soundness. In the past, through its unprecedented development in Asia, we have established with more than 20,000,000 policyholders and more than 200,000 members of the insurance marketing a prominent position. We are clearly the market leader Persons. "

AIA Beijing Branch of China Life Insurance Miss Gu Wenli's business card still retains the words of AIG, and as usual the list of "500 strong third place in the world" and "financial strength rating of the international calendar AAA" to their names.

The parent company in crisis, the allies remain active introduction of new insurance products.

September 26, International Assurance Company introduced the dividend-return year after year, "Jin annual pension insurance scheme", referred to as customers, "family emergency funding adjustment cash flow, planning the growth of children a lifetime investment for old age security to provide a new Financial planning solutions. "

"Payment of short-term, return year after year, customers will be able to complete just a few years to pay for a very short-term needs of the customer to pay." Life Miss Gu Wenli said.

In the past only to attract customers an important argument has been quietly changed.

"AIG Assurance Company of the storm has no effect, as the International Assurance Company, a wholly owned subsidiary of AIG, which is an independent financial accounting." Miss Li "independent legal entity wholly-owned subsidiary of" the nature of the strong pull away with the distance between AIG .

In the past, AIG around the world in 130 countries and regions in the network and the trillions of dollars of assets Assurance is the marketing staff to sell insurance are the most important weapons.

Insurance economic census leading group set up

In order to strengthen the insurance industry for the second time the economic survey of the leadership of the China Insurance Regulatory Commission recently set up a second economic census leading insurance group by the China Insurance Regulatory Commission Vice Chairman Li Kemu head of the office, including members of the China Insurance Regulatory Commission statistics Information, such as the General Office of the more than 10 departments.

It is reported that a leading group of the role of which is the second time the insurance industry and the economic census, the Census co-ordination to address the important issues.

Insurance intermediaries: to create a "platform" to create wealth

The key to the success or failure of insurance intermediaries, it is how skilled use of "insurance policy premiums to protect the value of customer = + insurance sales commission + insurance + insurance profit management fees" from more share of the profits. Insurance intermediary concerned about the third "insurance fee" fourth "insurance company profits" revenue. Insurance intermediary of the most successful kind of business model is: "+ platform for technical support."

Insurance intermediary companies have two modes: "the failure of the insurance intermediary vicious circle model" and "the success of the insurance intermediary model a virtuous circle."

What is the difference between them so? Mainly in the establishment of a "high-standard operating platform." To establish a "high standard operating platform" is successful, or else must go failure.

Liao Liao successful in the areas of insurance intermediaries, business model has a unique charm --- who can create a new "business model", who have not yet even more easily in the full development of the market's success.

In this feature, we talk about the Good and bad people mix in the domestic insurance intermediary market, a number of insurance intermediaries on how to find their own business models and achieve large-scale expansion of the story.

The highest level: the scale and specialization

Domestic insurance intermediaries have broad prospects for development? Take a look at the development of foreign insurance intermediary results can be foreseen.

Access to Information shows that in Europe and the United States, the insurance premium depends mainly on the insurance intermediary organizations. In Britain, more than 60% of the business through the completion of the insurance intermediary; in Japan, the figure is 90%; in the United States, is 60% -70%.

Sales of foreign policy process are: Insurance Companies (insurance design) -%26gt; insurance intermediaries (sales office) -%26gt; customer (insured).

But at home, according to the China Insurance Regulatory Commission issued "in 2008 in the first half of the insurance intermediary market report" statistics, as of June 30, 2008, the national insurance brokers and agents of the country's total insurance premium income accounted for less than premium income 4%. Most of the insurance policy by selling its own, not through insurance intermediaries.

But despite the professional intermediary market share is still low, but the insurance intermediary has entered a phase of rapid rise. In the first half of this year, the insurance intermediary to achieve a total operating income of 2,913,000,000 yuan, up 43.00 percent, the overall 135 million profit, national insurance intermediary in the first half of the basic profits.

Investors are also optimistic about the risk of insurance intermediaries. In the past two or three years, domestic and foreign venture capital industry to the intermediary and smashed into the capital of more than 200,000,000 U.S. dollars, and much additional momentum.

At the same time, but an unavoidable reality is that, as of August this year, there were 114 insurance agency to withdraw from the market, including 95 agencies, 9 and the brokerage firm estimated 10 public companies. This figure is still two years before the expansion trend.

How can the insurance intermediary market a foothold in changing the root, and sustainable development? Central University of Finance and Economics College of Insurance, Professor Su Hao his view that insurance intermediaries should be the direction for the development of professional and large-scale development.

The success of those intermediaries take the scale and specialization of the road. Large-scale, so that the insurance intermediary with the insurance companies have the bargaining power of capital, insurance companies are aware of the advantages of these companies are willing to channel their cooperation; specialization, so that the insurance intermediary to help customers in many insurance products in the most appropriate combination of customers Program, customers easier access to the trust.

Similarly, aware of this problem, the China Insurance Regulatory Commission has made it clear that support for the professional insurance intermediary market-oriented restructuring and mergers and acquisitions, insurance intermediaries to promote professional and large-scale development, to foster a number of large, strong, influential professional insurance Intermediaries.

Success of the enterprise: "+ platform support,"

With regard to insurance intermediaries wonderful business model, in fact, 100 years ago to explore foreign countries, China is more successful framework for insurance intermediaries abroad related to a similar, but different levels of development, maturity has been abroad, and domestic insurance intermediary just started, Consciously learn to imitate foreign advanced business model, currently we are not the same level.

Simple, insurance intermediary Competition There are two key factors: First, the good insurance agent, how to attract good insurance agent, or their agents have become outstanding in order to sell more insurance policies; II Management is to reduce the costs from the insurance companies share more profits, it is basically on the scale and technology in order to reach for.

Chinese and foreign insurance intermediary companies sum up the successful experience of the most successful business model is: "+ platform for technical support."

In fact, the domestic small and medium-sized insurance intermediaries from the hundreds each year, that is, in this regard failed to make the operation into a vicious circle: lack of business scale, in order to reduce costs and the abolition of the only departments to streamline the background, the operation led to a lack of support system ; Did not support the operating system business productivity further decline in business volume shrink further; once again rely on the company to cut staff of the department be abolished ways to cut costs ... ... the final collapse of the company.

The success of the insurance intermediary, on the contrary, their model is: a large-scale capital investment, the establishment of a high standard of operating systems, to support the expansion of distribution network, and the distribution network expansion has brought large-scale, the scale of further Support for the platform to enhance and support the industry to recruit top management talent to do further business support system, on the one hand, increase the physical network to increase the volume of business, capacity to raise per capita volume of business ... ... Finally, the formation of a virtuous cycle.

The establishment of a high standard operating platform, the insurance intermediary is our success.

Insurance intermediary business model Competition

Domestic and international insurance industry, competition is very fierce.

Sales of foreign policy process are: Insurance Companies (insurance design) -%26gt; insurance intermediaries (sales office) -%26gt; customer (insured).

Often only domestic: Insurance Companies (insurance design) -%26gt; customer (insured).

But the insurance intermediary is also rising. Enterprise the key to success is to see whether they can find a successful business model.

Domestic insurance intermediary: close combat

The development of the domestic insurance intermediary has just begun, but encountered great difficulties. As of August this year, there were 114 insurance agency to withdraw from the market. This figure is still two years before the expansion trend.

To find a new business model is the most pressing domestic insurance intermediary.

1

Minya: The main high-end customers in the development of life insurance consulting system

Beijing Minya Insurance Broker Co., Ltd. (hereinafter referred to as Minya) was one of the first professional insurance advice would be to introduce the concept of one China. Minya was founded in 2004, the first in China to raise individual life insurance-based brokerage.

Minya locked to target customers with insurance awareness and spending power of urban populations, the development of an independent expert advisory system, a professional insurance brokerage services as the company's competitive edge lies.

Minya Yang Chen, president of the view that life insurance brokers is one of the characteristics, from the insured's position, according to the needs of customers in a number of companies in a wide range of products for customers in line with the requirements of the selection of insurance products. In his view, the crux of Minya is the customer demand as a starting point for continuous innovation.

Minya's life insurance agent, the size of this year reached more than 300 people, these professional consultants in many doctorate or master's degrees, the average age is 30 years old, which is lower than the industry average; men and women in the industry in general for the 3:7 ratio, then Minya Men and women are geometric. Yang Chen believes that this combination of better meeting the needs of high-end customers in the rational demand for the purchase of insurance.

Secondly, the use of IT Minya has advantages. Minya has developed its own set of insurance products, expert consulting system for the actual needs of customers and different situations, real-time online advisory service, providing customers with tailor-made and diagnostic services. Through the use of computer systems analysis compared the company's different product than Characteristics, Minya that allow customers to buy its own in line with the demand for insurance products.

In customer service, customer Minya established club, signing for the formation of customers, "Minya Club (MYClub)", members receive after-sales service, including standard insurance policy to safeguard services and claims advisory services and other services, from time to time and held the Class knowledge Lectures, now has more than 2,000 members.

Minya has been the pattern in Beijing, its initial success and has now set up branches in Shanghai and Nanjing, Xi'an and plans to open up the market. Yang Chen said Minya in the country to copy such a model.

2

Huakang insurance: + platform + partner agency equity incentive

Huakang goal is: to fight caused by the insurance industry, "Wal-Mart" of the insurance services group.

Huakang to focus on life insurance-based business model, focused on the management structure of the platform, focused on partnership to promote the agency.

Huakang more focus on life insurance in the field of deep secret agents. January to June this year, has entered in the 14 provinces, 10 provinces Huakang occupy the insurance intermediary market, individual life insurance premiums in the first.

Huakang insurance agent to build their own e-marketing platform in August this year, is also on line, the use of object-oriented all over the country's more than 10,000 insurance agents Wah, Wah for the national system agents provided information and electronic Office support.

Wah and the core agency partners are: Wah in his capacity as an agent for equality, life-long cooperation with business partners. They allow the executive to the extent permitted by inter-city exhibition industry, to provide them with different types, different types of insurance products, at the same time, agents also clear that the renewal of the interests and the interests of the team belong to the individual agent has to carry on and transfer. This is now general insurance agent-for-performance extraction commission, the company does not provide for their basic salary, benefits and protection provided does not vary. In addition, the agents returned to the Huakang to provide social security and equity incentives.

Huakang introduced for all the back office staff and field agents of the equity incentive program. The use of the equity incentive plan, the company will expand the total share capital after about 15%.

In the development of the strategy will focus on the implementation of the Department of independent business plan, in 100 cities across the country to build 1,000 high rates, high productivity, high-scale "Huakang business" to help create more business really in charge of their own Evergreen team, the Head of Sales, will be Huakang strong brand and operating platform to support and enjoy industry-leading benefits of the Basic Law, and additional subsidies to support the team to operate independently, and other rights and interests.

3

Chinese people together: "A + B + C" model

Founded in 2003, the Chinese people together Co., Ltd., mainly serving the auto insurance of insurance intermediaries, with more than 10,000 people a sales force. Through its integration of online marketing services, offline marketing channels, the creation of a new financial product sales service business model.

China is now the public has gradually co-found a unique "A + B + C" mode.

--- A pattern of landing mode. Public Cooperation in selected communities has the potential to promote the marketing model, set up a number of agents in each area, service area do a good job. These small-scale enough to make the agent a year in the exhibition industry is very easily to form a unit the size of the effect.

Mode B --- Ctrip model. B model for the future development direction is to develop a customer spending habits in the future have insurance or other needs, through joint call to the public will be able to solve. The public can be combined to provide customers with specialized services tailored programs. Co-advertising and the public through a variety of car clubs combined, so that customers become members of the public together. And then through the call center, customer service and management platform for the provision of related services to customers, not just insurance, there are other vehicles around the follow-up services, including other financial services products.

--- C model portfolio marketing. It solved the public should not only competent but also long-term development of short-term profits, that is to be able to provide customers with the service pack for the completion of the sale, with a strong service-led approach to the marketing of insurance and driving.

Foreign insurance intermediary: Group, specialization, strong technical support

China's insurance intermediary and has just started difference is that foreign insurance intermediary with the insurance industry is starting at the same time, development has been a century of history. Therefore, the United States, the European insurance intermediary industry has formed a group, such as the Group of the United States Marsh, Aon Group, Britain's Willis Group in the global ranking in the top. And professional and strong technical support is its strong suit.

1

Marsh of the United States: adhere to the wholly-owned

As the largest international insurance brokerage and risk management company, the United States reached a letter of insurance consultants largest in the world is characterized by adherence to the expansion when the sole strategy. Marsh believes that companies are required to implement the company's top-down concept in the management of the operation is also better. Sole license conducive to enlarge and strengthen the marketing network, and is conducive to the world's resources. If you set up a joint venture company agencies, as well as day-to-day affairs between shareholders would be trouble at times, it amounted to adhere to the letter in the world owned, including China.

At the same time adhering to the sole, Marsh established a comprehensive network of services, whether in the United States or internationally, any branch can share this information platform.

Marsh's customers are mainly large companies, in the field of a wide range. This requires up to the letter with a strong technical support for customers with a full range of risk management (including risk identification, risk assessment, risk aversion, risk transfer and financing of professional services such as insurance) and insurance brokerage services.

Exhibition industry, up-to-business letter will make a detailed risk assessment, to make a full risk assessment program, and then according to different standards of individual risk and the risk of demand, so the design of insurance products, is the last and negotiations on insurance companies. This is a lot of insurance brokers to serve as the Kanjia different role. Marsh's operating income from customer service received by the commission, as well as consultancy fee income. Marsh also should require insurance companies to provide reinsurance services and their counterparts in consultancy fees and commission income.

2

Willis UK: Juni is not any form of market access

Willis is Britain's largest insurance group. In place to expand into, Willis "and take advantage of a" strategy does not rigidly adhere to the form in order to seize market opportunities for the top priority. For example, to enter the China market in 2004, Willis opened with an international insurance brokerage company set a precedent, and the Shanghai Pudong Insurance Brokers joint venture company set up Willis Pudong Insurance Brokers Company. The following year, Willis will be the joint venture shares from 50% to 51% of the holdings, Willis Pudong turned to foreign-owned joint venture insurance brokerage companies. Willis then constantly re-acquisition of the joint venture's shares, Ouellet's final goal is to put the company into a wholly-owned.

International Insurance Services Group, the most important advantage is the platform for sharing information and technical support teams. Willis "banner" strategy, customers choose a branch, which Willis is equivalent to select Willis Group as a whole. Ouellet London headquarters of the use of resources and professional team for the localization of the business to provide services and support.

Important for the market, Willis will focus on the advantages of occupation, such as the Chinese market last year, Willis has developed specifically for Chinese market, 3-year development plan, increase the investment in China.

In addition to mergers and acquisitions to acquire more companies to expand, and a lot of Listed Companies, Willis launched equity incentive plans to reward and motivate employees, employee stock ownership is an important human resource planning.

Insurance Association of Hubei Province, introduced three measures to stabilize the auto insurance market

Jing-Chu network news (AFP) First, an in-depth implementation of the China Insurance Regulatory Commission document 70, require operators to make premium income recorded in full in accordance with the fact; fees and other expenses paid in accordance with the fact; all Pei An "should pay compensation to do," and not to delay compensation, compensation at all, the exclusions are not unreasonable.

Second, the implementation of private cars, "see a single charge." To guard against insurance agents, misappropriation of personal policyholders premiums or misleading publicity caused by non-policyholders to buy discounted insurance "discount" claims behavior. Hubei Insurance Association of the insurance sector organizations to implement a private "fee see a single" system "in the primary insurance premium collection, the primary insurance policy to pay." Please insured to the legal institutions or insurance, insurance agents and insurance purchased in a timely manner, the full premium paid to obtain full insurance certificate and invoices.

Third, standardize fees paid behavior. Hubei insurance industry trade associations to strengthen self-discipline, the organization signed the "Hubei insurance of motor vehicles insurance industry self-discipline", the Convention on the fees paid by the objects, methods, standards, have made clear requirements for the production Insurance companies are not allowed to illegal intermediary agencies and individuals to pay fees shall not be payable in cash agency fees, fees paid for not more than the standard.