(1) The part-time agency business of property insurance is mainly auto insurance, and the part-time agency business of auto insurance is mainly car dealers. In recent years, with the rapid development of automobile industry in China, the number of cars owned by individuals and units has increased rapidly, thus promoting the demand for automobile insurance. At the same time, the Road Traffic Safety Law of the People's Republic of China stipulates compulsory third-party liability insurance for motor vehicles, which also makes auto insurance become the leading insurance in the insurance agency market. In addition, there are a large number of part-time agencies engaged in auto insurance, and the business procedures are relatively simple, which is convenient for customers to insure. At present, the premium income of part-time auto insurance agents has accounted for more than 50% of the premium income of part-time property insurance agents.
(2) Life insurance agencies are mainly concentrated in banks and postal institutions, and their business is mainly dividend-paying life insurance products designed specifically for the characteristics of these institutions. At present, the banking and postal agency business has become an important source of insurance premiums for life insurance companies. As insurance companies, banks and postal departments pay more and more attention to agency business, the competition among life insurance companies and part-time agencies is also intensifying.
In 2000, the China Insurance Regulatory Commission issued the Interim Provisions on the Management of Concurrent Insurance Agencies, which clearly stipulated the qualifications, relationships and practices of concurrent insurance agencies. According to the Regulations on the Administration of Part-time Insurance Agencies, a part-time insurance agent must be approved by the China Insurance Regulatory Commission before he can obtain the qualification of part-time insurance agency, and the CIRC will issue the License for Part-time Insurance Agency to the units that have obtained the qualification of part-time insurance agency. An insurance company can only establish a part-time insurance agency business relationship with a unit that has obtained a part-time insurance agency license and entrust it to carry out insurance agency business. In addition, the Regulations on the Administration of Concurrent Insurance Agencies also clearly stipulates the business premises, prohibition of exhibition industry, concurrent agency contracts, management of special accounts for premium collection, settlement of handling fees, business ledgers and business files, and regular training of concurrent insurance agents.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.