According to the Notice of China Insurance Regulatory Commission on Printing and Distributing the Administrative Measures for Market Access of Branches of Insurance Companies (No.20 of China Insurance Regulatory Commission [2065438+03]), insurance companies set up provincial branches and applied to China Insurance Regulatory Commission for establishment. China CIRC will review the application for establishment within 30 days from the date of receiving the complete application materials. If it meets the requirements, it shall issue a notice of preparation to the applicant and send a copy to the local insurance regulatory bureau; Do not meet the requirements, it shall make a decision not to approve, and explain the reasons in writing. The applicant shall complete the preparatory work of the branch within six months from the date of receiving the notice of preparatory work. After the preparatory work is completed, the applicant shall submit the opening acceptance report to the local insurance regulatory bureau. Within 30 days from the date of receiving the complete opening acceptance report, the local insurance regulatory bureau will complete the opening acceptance and submit the acceptance report to the China Insurance Regulatory Commission, and the China Insurance Regulatory Commission will make a decision on approval or disapproval accordingly. If it is approved, the insurance company shall obtain the insurance business license of the branch from the local insurance regulatory bureau with the approval document of the China Insurance Regulatory Commission; In case of disapproval, China CIRC shall notify the applicant in writing and explain the reasons.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.