Date
22 October 2017

CIRC eases rules on online insurance sales, paper says

The China Insurance Regulatory Commission will allow certain insurance policies approved exclusively for online sales to be distributed beyond areas where insurers have physical outlets, 21st Century Business Herald reported Wednesday. These include some short-term accident insurance, health insurance and term life insurance. Insurers are required to tighten risk controls and improve service standards. Meanwhile, online salespeople have until the end of June to get a license from the regulator, the report said.

– Contact HKEJ at [email protected]

KZ/AC/RA

 

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