Shenzhen 2025 insurance brokerage license approval may be restarted in the near future

What is Shenzhen’s 2025 insurance broker license approval process or the insurance intermediary license approval process or the insurance intermediary license restart in the near future? Insurance licenses are designed and printed by the China Insurance Regulatory Commission，Authorized to insurance holding companies and insurance group companies operating insurance business、insurance company、Insurance asset management company、insurance brokerage company、Insurance adjuster's license，Implement national unified coding，It must be stamped with the seal of the China Insurance Regulatory Commission to take effect.。

Not engaged in insurance business、Insurance holding company for insurance asset management business、Insurance group companies and their subsidiaries do not need to obtain an insurance license。

Purpose of insurance license: With this license, you can underwrite various property insurances in RMB and foreign currencies.、liability insurance、credit insurance、agricultural insurance、Insurance business such as personal insurance；Handle various domestic、International reinsurance business and statutory insurance business；Establish agency relationships and business relationships with foreign insurance companies and related institutions，Act as an agent for foreign insurance institutions in handling loss appraisal and claims settlement, as well as other related matters entrusted by them.。

Insurance intermediary license approval has been suspended for nearly a year，Or restart in the near future。On June 5th of this month，Relevant reporters from "International Finance News" learned from channels，The China Banking and Insurance Regulatory Commission has issued the "Implementation Measures for Administrative Licensing and Registration of Insurance Intermediaries (Draft for Comments)" (hereinafter referred to as the "Measures")，Currently soliciting opinions from the industry。

1. "Measures" will insurance agents、insurance broker、The access regulations for the three entities of insurance adjustment and adjustment have been unified and integrated.，At the same time, the management of applicants has been strengthened，And raise the entry threshold for senior executives in the form of a negative list，Strictly control the "entrance"。
2. Once the "Measures" are implemented，This means that the insurance intermediary market access rules will be more institutionalized.、Standardize。Zhu Junsheng, deputy director of the Insurance Research Office of the Development Research Center of the State Council, told a reporter from the International Finance News。

during the interview，Several insurance intermediary executives also told reporters，Insurance intermediaries have market access standards，It also indicates that more market entities will enter。

1. Market access standardization，The market access matters mentioned in the "Measures" include the license to operate insurance agency business、License to operate insurance brokerage business、Insurance intermediary group (holding) company establishment license、Filing for operating insurance adjustment business；insurance agency、Approval of qualifications for senior managers of insurance brokerage institutions。

at the same time，The Measures also require insurance agents to、insurance broker、Registered capital of insurance adjuster、Shareholder qualifications、Shareholder conditions、The proposed senior executives have been subdivided and clarified.。

Registered capital

Require

：Registered capital of insurance agencies and insurance brokers

Require

same，All are paid-in monetary capital and are held in custody in accordance with the relevant regulations of the China Banking and Insurance Regulatory Commission.，The minimum registered capital limit for national professional insurance agencies/insurance brokers is 50 million yuan.，The minimum registered capital limit for regional professional insurance agencies/insurance brokers is 10 million yuan。

insurance adjuster，According to business development plan，Have the necessary working capital for daily operations and risk taking，The operating capital of a national institution is more than 2 million yuan，The operating capital of regional institutions is more than 1 million yuan。

●Prohibitive conditions for shareholders (basically the same for insurance intermediaries)：Received criminal penalties or major administrative penalties within the past five years；Under investigation by relevant departments for suspected major illegal crimes；Due to serious untrustworthy behavior, the relevant state units have determined that they are targets of joint punishment for untrustworthiness and should be punished accordingly in the insurance field.，Or have other serious breach of trust records in the past 5 years；According to the law、Administrative regulations prohibit investment in enterprises；Others determined by the China Banking and Insurance Regulatory Commission and its dispatched offices in accordance with the principles of prudential supervision to be unsuitable to become shareholders of professional insurance agencies、Insurance brokerage institution shareholder、Situation of shareholders or partners of insurance adjustment agencies，Cannot apply for insurance agency business、insurance brokerage、Insurance adjustment business。

●Terms and conditions for senior executives：Proposed senior managers of professional insurance agencies/insurance brokerage institutions should meet the following conditions:：College degree or above，Personnel who have been engaged in financial work for more than 10 years are not subject to this restriction；Engaged in financial work for more than 3 years or engaged in economic work for more than 5 years；Have the business and management capabilities required to perform duties，Familiar with insurance laws、Administrative regulations and relevant provisions of the China Banking and Insurance Regulatory Commission；Honesty and trustworthiness，good conduct。

●Qualifications for insurance adjuster executives：College degree or above，Personnel who have been engaged in finance or asset appraisal work for more than 10 years are not subject to this restriction；Engaged in financial work for more than 3 years，Or engage in asset appraisal related work for more than 3 years，Or have been engaged in economic work for more than 5 years；Have the business and management capabilities required to perform duties，Familiar with insurance laws、Administrative regulations and relevant provisions of the China Banking and Insurance Regulatory Commission；Honesty and trustworthiness，good conduct。

in addition，"Measures" says，Commercial bank legal entities engage in concurrent insurance agency business，Mutual agency insurance business between insurance company legal entities，Must obtain a concurrent insurance agency business license。

and should meet the following conditions：Not subject to administrative penalties prohibiting insurance agency insurance business；Have a sound agency insurance business management system；Have a complete agency insurance business information system，Realize regulatory data reporting and real-time docking with insurance agency insurance business information systems；Have a dedicated business management department and person in charge；law、Administrative regulations and other conditions stipulated by the China Banking and Insurance Regulatory Commission。

The "Measures" also mentioned many times，Applicants should fully research and demonstrate，Clear positioning，Determine a scientific, reasonable and feasible business model。Relying on expertise、field、industry doing business，The business development model and supporting management system processes should clearly reflect characteristics and professionalism。

About Hong Kong Xintong

Hong Kong Xintong focuses onGuangdong and Hong Kong license plates、Shenzhen Hazardous Chemicals Business License、Shenzhen labor dispatch licenseandShenzhen Charity Foundationapplication services，Assist customers to applyShenzhen travel agency business license、Shenzhen pawn shop business license、Shenzhen auction house license and other mainstream domestic financial licenses，Support enterprises to achieve compliance expansion of cross-border financial business。Also availableODI overseas investment registration、International travel agency registration and other services，Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more，Please contactHong Kong Information Communications Consultant。