(1) Having shareholders or promoters who meet the statutory requirements;
(2) Having a company's articles of association that meet the requirements of the law;
(3) Paid-in currency with a registered capital of not less than RMB 654.38+million;
(4) Having a company name, organization and domicile that meet the requirements of the law;
(5) The number of brokers holding the Qualification Certificate for Insurance Brokers (hereinafter referred to as the Qualification Certificate) shall not be less than half of the number of employees;
(six) there are senior managers who meet the requirements of the China Insurance Regulatory Commission;
(seven) other conditions required by laws and administrative regulations.
Insurance brokerage companies can be established in the form of limited liability companies or joint stock limited companies.
To apply for the establishment of an insurance brokerage company, the applicant shall submit the following materials to the China Insurance Regulatory Commission:
(1) An application report for preparation;
(two) the feasibility report of the preparation, including market analysis, company development ideas, business development plan and profit forecast in the past three years. ;
(3) Corporate framework, including capital, equity structure or contribution ratio, organization, etc. ;
(4) making plans;
(five) the list of the preparatory personnel and a copy of their ID cards;
(six) the resume of the person in charge of the preparation and his autographed statement of no criminal record and other bad records;
(seven) other materials required by laws and administrative regulations.
The person in charge of the preparation of an insurance brokerage company shall meet the following conditions:
(1) Having a college degree or above;
(2) Having experience in insurance brokerage or related work;
(3) Having no criminal record or other bad record.
China CIRC shall, within 30 days from the date of receiving the materials that meet the requirements, notify the applicant in writing whether to accept or not. Refuse to accept according to law, it shall explain the reasons; If it is accepted according to law, it shall be reviewed in accordance with these provisions. The applicant shall make a decision on whether to approve the preparation within six months from the date of receiving the materials, and notify the applicant in writing; If the preparatory establishment is not approved, the reasons shall be explained.
If an insurance brokerage company is approved by the China Insurance Regulatory Commission, a preparatory group shall be established and the preparatory work shall be completed within six months from the date of approval; If the preparatory work is not completed within the time limit or fails to meet the opening standards, the original approval document will automatically become invalid.
An insurance brokerage company shall not engage in any insurance brokerage activities during the preparation period.
After the preparatory work is completed, the applicant may apply to the China Insurance Regulatory Commission for starting business and submit the following materials:
(1) An application report;
(2) Articles of association;
(3) Internal management system, including organizational framework, decision-making procedures, business, financial and personnel systems, etc. ;
(4) materials submitted by senior managers;
(5) the roster of employees, a copy of the qualification certificate of employees and a copy of the ID card;
(6) The register of shareholders, a copy of the business license of corporate shareholders, the financial statements of the last three years stamped with the financial seal of the shareholder unit, and a copy of the identity card of the natural person shareholder;
(seven) a copy of the capital verification report issued by the accounting firm and the original vouchers for entry;
(8) Computer software and hardware equipment;
(9) documents certifying the right to use or ownership of the business premises;
(10) Notice of pre-approval of enterprise name approved by the administrative department for industry and commerce;
(eleven) other materials required by the China Insurance Regulatory Commission.
China CIRC will accept the application materials that meet the requirements for business opening within 30 days from the date of receipt, make a decision on approval or disapproval within three months, and notify the business opening applicant in writing. If the business is not approved, the reasons shall be explained.
The application materials for the establishment of an insurance brokerage company shall be submitted in the format prescribed by the China Insurance Regulatory Commission.
An insurance brokerage company that has been approved to start business shall obtain an insurance brokerage business license (hereinafter referred to as the license) in accordance with the provisions.
An insurance brokerage company shall strictly abide by the license management system formulated by the China Insurance Regulatory Commission. After applying for or renewing a license, it shall be announced in a newspaper designated by the CIRC in China.
If an insurance brokerage company fails to start business for more than six months after its establishment without justifiable reasons, or if it stops business for more than six months after its opening, the China CIRC may revoke its license.
The license is valid for three years, and the insurance brokerage company shall apply to the China Insurance Regulatory Commission for license renewal 60 days before the expiration of the license. If the applicant company has serious violations of laws and regulations, the China CIRC may refuse to renew the license; Those who have not obtained the license renewed by the China Insurance Regulatory Commission shall not continue to engage in insurance brokerage business.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.