The insurance company set up a preparatory group.

First of all, your net assets should reach 200 million and your registered capital should reach 200 million. The personnel and facilities of the organization have regulations. Submit relevant materials to the CIRC after approval, including: (1) an application for establishment, which shall specify the name, registered capital and business scope of the insurance company to be established;

(2) Feasibility study report;

(3) making plans;

(4) the business license or other background information of the investor, and the financial and accounting report of the previous year audited by an accounting firm;

(five) the list of the person in charge of the preparatory group and the proposed chairman and manager recognized by the investors and their own recognition certificates;

(6) Other materials as prescribed by the insurance regulatory agency of the State Council.

Generally, I will give a reply within half a year. Then there is the preparation, which is generally required to be completed within one year.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.