(1) An application for establishment;
(two) the three-year business development plan and market analysis materials of the proposed institution;
(3) Resumes and relevant certification materials of the proposed senior managers;
(4) Other materials as prescribed by the the State Council Insurance Regulatory Authority.
The insurance supervision and administration institution shall examine the application of an insurance company to set up a branch, and make a decision of approval or disapproval within 60 days from the date of acceptance. If it decides to approve, it will issue a license for the branch to operate insurance business; If it decides not to approve, it shall notify the applicant in writing and explain the reasons.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.