Is Chengtai Insurance Company formal?

Yes According to Aiqi, the full name of Chengtai Insurance Company is Chengtai Property Insurance Co., Ltd., and the registration authority is Yunnan Provincial Market Supervision Administration. It is the first national property insurance company headquartered in Yunnan. Under the leadership of the Yunnan Provincial Party Committee and the provincial government, it is funded by seven large state-owned enterprises, including Yunnan Urban Construction Investment Co., Ltd. and Yunnan Airport Group Co., Ltd., and authorizes the Provincial Finance Office to perform the responsibilities of the investor according to law. Therefore, Chengtai Insurance Company is formal.