Therefore, the establishment of insurance companies should not only comply with the provisions of the Company Law, but also meet the specific requirements of the Insurance Law. The Insurance Law stipulates that the establishment of an insurance company shall meet the following conditions: (1) There are articles of association that conform to the provisions of the Insurance Law and the Company Law. According to the Insurance Law and the Company Law, the articles of association of a wholly state-owned insurance company shall be formulated by the state-authorized investment institution or state-authorized department according to law, or by the board of directors, and submitted to the state-authorized investment institution or state-authorized department for approval. The articles of association of an insurance company in the form of a joint stock limited company shall be formulated by the promoters and passed by the founding meeting. (2) Having the minimum registered capital as stipulated in the Insurance Law. The Insurance Law stipulates that the minimum registered capital of an insurance company is 200 million yuan, and it must be paid-in monetary capital. (3) Senior managers with professional knowledge and business experience. The business of an insurance company is professional and needs professional management to ensure the normal operation of the business of the insurance company and protect the interests of the insured. Therefore, the insurance law puts forward qualification requirements for senior managers of insurance companies. (4) Having a sound organizational structure and management system.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.