The conditions for the establishment of an insurance company generally include the requirements for major shareholders, company capital, management personnel and hardware facilities. For example, Article 68 of China's Insurance Law stipulates: "To establish an insurance company, the following conditions shall be met:
(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. "
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.