What if an insurance company is taken over by the CIRC to rectify its employees?

During the takeover, the takeover working group will take practical and effective measures under the guidance of the regulatory authorities to maintain the normal operation of the company, ensure that the legitimate rights and interests of insurance consumers are fully protected, and safeguard the legitimate rights and interests of all stakeholders in accordance with the law. Therefore, employees still cooperate with the regulatory authorities normally.

Extended data:

The insurance regulatory authorities mainly supervise the following contents:

1, governance structure of insurance companies;

2. The solvency of the insurance company;

3. Market behavior of insurance companies. That is, the governance structure of an insurance company must conform to that of a modern enterprise, the insurance company must operate steadily, have sufficient capital to guarantee the responsibility of payment commitment, and the market behavior of the insurance company must be legal and must not infringe upon the interests of the insured, the insured and relevant parties.

The specific contents of the supervision by the CIRC include the formulation of insurance laws and regulations, the establishment, alteration and termination of insurance institutions (insurance companies/agents/assessors/brokers, etc.). ), insurance product approval, personnel (executives) approval, market behavior of insurance institutions, investment and financial supervision, etc.