Guangdong liberalizes insurance intermediary establishment|Insurance brokerage license application requirements

Guangdong liberalizes insurance intermediary establishment|insurance broker license

Application conditions

Guangdong liberalizes insurance intermediary establishment|insurance broker license

Application conditions

China Banking and Insurance Regulatory Commission’s “Insurance Intermediary License”、Implementation Measures for Filing and Reporting Matters has not yet been promulgated，As the forefront of reform and opening up，2025On July 9, 2019, the Guangdong Banking and Insurance Regulatory Bureau took the lead in launching four service guides on the establishment of insurance intermediaries in the country.，and three insurance company service guides："Service Guide for Approval of the Establishment of Insurance Brokerage Institutions" "Service Guide for Approval of the Establishment of Insurance Brokers" "Service Guide for Approval Matters of Qualification Verification and Approval of Senior Managers of Insurance Brokerage Institutions" "Service Guide of Approval Matters of Qualification Verification and Approval of Senior Managers of Insurance Professional Agencies" "Service Guide of Approval Matters of Qualification Verification and Approval of Senior Managers of Insurance Brokerage Institutions"、supervisor、Service Guidelines for Approval of Qualifications of Senior Executives and Senior Executives of Insurance Company Branches" "Service Guidelines for Approval Matters of Change of Business Location of Insurance Companies" "Establishment of Insurance Company and its Branches"、Termination (dissolution) of an insurance company、Reading Points of "Service Guide for Bankruptcy Approval Matters"：

1. Application and establishment of regional license only，National licenses are still subject to approval by the China Banking and Insurance Regulatory Commission；
2. No limit on the number of approvals，This is equivalent to liberalizing all regional licenses!
3. A written decision of approval or disapproval will be made within 40 working days from the date when the application is formally accepted with all the materials required.。Condition 1、Approval of license for insurance brokerage institutions to operate insurance brokerage business。
4. shareholder、The sponsor is in good standing，No major illegal records in the past three years。
5. The registered capital reaches the minimum limit set by the Company Law of the People's Republic of China and the relevant provisions of the China Banking and Insurance Regulatory Commission.。
6. The company's articles of association comply with relevant regulations。
7. Chairman、executive Director、Senior managers meet the prescribed qualifications。
8. Have a sound organizational structure and management system。
9. Have a fixed residence commensurate with the size of the business。
10. Have business suitable for carrying out business、Financial and other computer software and hardware facilities。
11. law、Administrative regulations and other conditions stipulated by the China Banking and Insurance Regulatory Commission。two、Approval of license for professional insurance agencies to operate insurance business。
12. shareholder、The sponsor is in good standing，No major illegal records in the past three years。
13. The registered capital reaches the minimum limit set by the Company Law of the People's Republic of China and the relevant provisions of the China Banking and Insurance Regulatory Commission.。
14. The company's articles of association comply with relevant regulations。
15. Chairman、executive Director、Senior managers meet the prescribed qualifications。
16. Have a sound organizational structure and management system。
17. Have a fixed residence commensurate with the size of the business。
18. Have business suitable for carrying out business、Financial and other computer software and hardware facilities。
19. law、Administrative regulations and other conditions stipulated by the China Banking and Insurance Regulatory Commission。three、Approval of agency qualifications for concurrent insurance agencies。
20. Have a business license issued by the industrial and commercial administration authority；
21. Have sources of insurance agency business of a certain scale that are directly related to the main business；
22. Have a fixed place of business；
23. An insurance intermediary company must engage in insurance business if it has the facilities to directly act as an agent for insurance business at its business premises.，Required - Must hold an insurance broker's license，So how to apply for an insurance broker license?

The legal basis for the approval of the China Insurance Regulatory Commission is the "Regulations on the Supervision of Insurance Professional Agencies"

Application conditions

1. Unless otherwise stipulated by the China Insurance Regulatory Commission，Insurance brokerage institutions shall adopt the following organizational forms：
2. limited liability company；
3. Co., Ltd.。
4. The registered capital of an insurance brokerage company shall not be less than RMB 50 million.，And must be paid-in monetary capital。
5. The name of an insurance brokerage institution shall contain the words "insurance broker"，And the font size must not be the same as that of existing insurance intermediaries.，Unless otherwise specified by the China Insurance Regulatory Commission。
6. Insurance brokerage institutions may engage in the following insurance brokerage businesses::
7. Formulate insurance plans for policyholders，Choose an insurance company and go through the insurance procedures；
8. Assist the insured or beneficiary in making claims；
9. Reinsurance brokerage business；
10. Provide disaster prevention for clients、Loss prevention or risk assessment、Risk management consulting services；
11. Other businesses approved by the China Insurance Regulatory Commission。
12. Apply to establish an insurance brokerage company，All shareholders、All sponsors shall designate representatives or jointly entrust agents to request the Shenzhen Insurance Regulatory Bureau for instructions on the establishment application matters.。
13. Investment insurance brokerage agency for Hong Kong, Macao, Taiwan and foreigners，If the shareholding reaches or exceeds 25%，Not within the scope of acceptance by Shenzhen Insurance Regulatory Bureau，An application for establishment needs to be submitted directly to the China Insurance Regulatory Commission.。
14. Applicants should go to the industrial and commercial administrative department to apply for industrial and commercial registration in accordance with relevant regulations.，After obtaining the business license,You should apply for an insurance brokerage business license from the Shenzhen Insurance Regulatory Bureau in a timely manner。No license has been obtained，Insurance brokerage-related businesses are prohibited。Registered capital

Require

No less than RMB 50 million per person，And must be paid-in monetary capital。

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