Legal analysis: Yes, there is nothing in the insurance law that requires employees engaged in insurance work to pay the deposit. The so-called deposit refers to the funds paid by insurance companies to the state and kept by banking institutions designated by the state as bankruptcy liquidation funds. It has nothing to do with insurance staff.
Legal basis: Article 97 of the Insurance Law of People's Republic of China (PRC), an insurance company shall withdraw 20% of the total registered capital and deposit it in a bank designated by the insurance supervision and administration institution of the State Council, which shall not be used except for paying off debts during liquidation.