Branches of insurance companies and their settings

Branches established by insurance companies include: branches, central branches, subsidiaries, business departments, etc. An insurance company may establish branches and subsidiaries according to law, and shall apply to the company registration authority for registration and obtain a business license.

legal ground

Article 74 of the Civil Code of People's Republic of China (PRC) * * * A legal person may set up branches according to law. Where laws and administrative regulations stipulate that branches should be registered, such provisions shall prevail. Branches engage in civil activities in their own names, and the resulting civil liabilities shall be borne by legal persons; It can also be borne by the property managed by the branch company first. If it is insufficient, it shall be borne by the legal person.