People's Republic of China (PRC) insurance law
Article 68 The establishment of an insurance company shall meet the following conditions:
(1) The major shareholders are profitable continuously, have a good reputation, have no record of major violations of laws and regulations in the last three years, and have net assets of not less than 200 million yuan;
(2) Having articles of association that conform to this Law and the Company Law of People's Republic of China (PRC);
(3) Having a registered capital that meets the requirements of this Law;
(4) Having directors, supervisors and senior managers with professional knowledge and business experience;
(5) Having a sound organizational structure and management system;
(6) Having a business place that meets the requirements and other facilities related to business operation;
(seven) other conditions stipulated by laws, administrative regulations and the State Council insurance regulatory agency.
Article 69 The minimum registered capital for the establishment of an insurance company is RMB 200 million.
The insurance regulatory agency of the State Council may adjust the minimum registered capital of an insurance company according to its business scope and scale, but it shall not be lower than the limit specified in the first paragraph of this article.
The registered capital of an insurance company must be paid-in monetary capital.