Legal basis: Article 2 of the Measures for the Compliance Management of Insurance Companies. The term "compliance" as mentioned in these Measures means that the insurance operation and management behavior of insurance companies and their insurance employees should comply with laws and regulations, regulatory provisions, the company's internal management system and the ethical norms of honesty and trustworthiness.
The term "compliance risk" as mentioned in these Measures refers to the risk of legal liability, financial loss or reputation loss caused by non-compliant insurance management behavior of insurance companies and their insurance practitioners.