Conditions for establishing an insurance brokerage company:
1. Organization. The organizational forms of insurance brokerage companies include Chinese insurance brokerage companies, foreign insurance brokerage companies and joint venture insurance brokerage companies.
To apply for the establishment of an insurance brokerage company, the following conditions shall be met:
(1) paid-in monetary capital100000 yuan. According to the decision of the China Insurance Regulatory Commission, Article 7 of the Regulations on the Supervision of Professional Insurance Agencies is amended as: "The minimum registered capital for the establishment of professional insurance agencies is RMB 50 million, unless otherwise stipulated by the China Insurance Regulatory Commission." In addition, article 12 of the original provisions is deleted.
(2) Having a company's articles of association that meet the requirements of the law.
(3) The company has no less than 30 employees, and the number of people holding qualification certificates is not less than 1/2 of the total number of employees.
(4) Having senior management personnel who meet the post qualification requirements of China CIRC.
(5) Having a fixed business place that meets the requirements.
A foreign insurance brokerage company applying for the establishment of a foreign-funded insurance brokerage company shall meet the following conditions in addition to the above conditions:
(1) has a good credit standing and has not been severely punished by the competent authorities and judicial departments of the host country in recent three years.
(2) Having been engaged in insurance brokerage business for more than 20 years.
(3) Its business income for three consecutive years before the application is not less than 1 billion USD.
(4) Having a representative office in China for more than two years.
(5) The host country has a sound insurance supervision system.
(six) the proposed senior management personnel meet the qualifications stipulated by the China Insurance Regulatory Commission.
(seven) other conditions stipulated by the China Insurance Regulatory Commission.
For investors or enterprises wishing to carry out insurance brokerage business activities, there are two ways to obtain business qualifications:
One way is to obtain an insurance broker's license through a new application.
One way is to obtain the qualification to operate insurance brokerage business through equity acquisition.
To apply for a new insurance brokerage business license, the registered capital of the applicant institution is required to be above 50 million yuan, and it must be paid-in monetary funds. The chairman, executive director and senior management personnel shall meet the relevant qualifications. The applicant enterprise must have articles of association that comply with the relevant provisions, a fixed business place, a sound business scale and management system, and the support of software and hardware equipment required for business activities.