On February 7th, 20 15, China Insurance Regulatory Commission issued the Internal Audit Standard of Insurance Institutions with the number of Bao Jian Fa [2015]13. The Code consists of eight chapters and 49 articles, namely, general provisions, internal audit institutions and personnel, internal audit operation management, application of internal audit results, internal audit supervision, internal audit accountability and supplementary provisions. The China Insurance Regulatory Commission shall be responsible for the interpretation of these Provisions and shall come into force as of the date of promulgation. 3. The Guidelines for Internal Audit of Insurance Companies (for Trial Implementation) issued by the China Insurance Regulatory Commission on April 9, 2007 (No.26 [2007] of the China Insurance Regulatory Commission) shall be abolished. If the normative documents on internal audit of insurance institutions before the promulgation of these Standards are inconsistent with these Standards, these Standards shall prevail.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.