Zhitong Finance App learned that on November 6, the China Financial Supervision and Administration publicly solicited comments on the “Administrative Measures on the Qualifications of Directors, Supervisors and Senior Managers of Insurance Companies (Consultation Draft)”. The deadline for feedback is December 6, 2026. The “Measures” consist of six chapters and 66 articles. The main contents are: The first is to establish general rules for the management of employment qualifications in insurance companies. Clarify the division of responsibilities of the General Administration and dispatching agencies for managing the qualifications of insurance companies and the scope of senior management personnel of insurance companies. The second is to refine the employment conditions for directors, supervisors, and senior management. It is stipulated that directors, supervisors, and senior managers of insurance companies shall have basic requirements such as strict compliance with integrity, due diligence, and clean employment. The economic and financial work experience requirements and professional qualifications required for different positions according to their responsibilities have been clarified. At the same time, the relevant circumstances of not being approved for employment have been clarified. The third is to clarify the procedures for approving and reporting qualifications. Submitters and approval procedures for approval matters and reporting matters have been standardized, the catalogue of the list of application materials has been revised and refined, and submission requirements for situations such as transfers to the same level have been improved. Fourth, there are supervisory and management requirements for directors, supervisors, and senior management. Clarify the management requirements of insurance companies and supervisory authorities after approval of qualifications, and regulate situations such as performing duties on behalf of them. The fifth is to define relevant legal responsibilities. Clarify circumstances relating to disapproval, revocation of qualifications, and industry bans.
Zhitongcaijing · 2d ago
Share
Listen to the news
Zhitong Finance App learned that on November 6, the China Financial Supervision and Administration publicly solicited comments on the “Administrative Measures on the Qualifications of Directors, Supervisors and Senior Managers of Insurance Companies (Consultation Draft)”. The deadline for feedback is December 6, 2026. The “Measures” consist of six chapters and 66 articles. The main contents are: The first is to establish general rules for the management of employment qualifications in insurance companies. Clarify the division of responsibilities of the General Administration and dispatching agencies for managing the qualifications of insurance companies and the scope of senior management personnel of insurance companies. The second is to refine the employment conditions for directors, supervisors, and senior management. It is stipulated that directors, supervisors, and senior managers of insurance companies shall have basic requirements such as strict compliance with integrity, due diligence, and clean employment. The economic and financial work experience requirements and professional qualifications required for different positions according to their responsibilities have been clarified. At the same time, the relevant circumstances of not being approved for employment have been clarified. The third is to clarify the procedures for approving and reporting qualifications. Submitters and approval procedures for approval matters and reporting matters have been standardized, the catalogue of the list of application materials has been revised and refined, and submission requirements for situations such as transfers to the same level have been improved. Fourth, there are supervisory and management requirements for directors, supervisors, and senior management. Clarify the management requirements of insurance companies and supervisory authorities after approval of qualifications, and regulate situations such as performing duties on behalf of them. The fifth is to define relevant legal responsibilities. Clarify circumstances relating to disapproval, revocation of qualifications, and industry bans.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending