What are the conditions for the establishment of an insurance company?

What is an insurance company? It refers to a company as a legal person established in accordance with the Insurance Law and the Company Law, and an economic organization that collects insurance premiums from the insured according to the contract and assumes the responsibility of risk compensation after the insured is out of danger. According to its business type or business level, it can be divided into different types. What are the requirements for establishing an insurance company?

What are the conditions for the establishment of an insurance company?

The major shareholder of 1 has continued to make profits, has a good reputation, has no record of major violations of laws and regulations in the last three years, and its net assets are not less than RMB 200 million;

2. There are articles of association that comply with the provisions of the Insurance Law of People's Republic of China (PRC) and the Company Law;

(3) It has registered capital that meets the requirements of the Insurance Law;

Having directors, supervisors and senior managers with professional knowledge and business experience;

5. Have a sound organizational structure and management system;

Having a business place that meets the requirements and other facilities related to business operation;

Other conditions as prescribed by laws, administrative regulations and the State Council insurance regulatory agency.

It can be seen that the establishment of insurance companies generally requires major shareholders, company capital, management personnel, hardware facilities and so on. I hope this answer is helpful to everyone.