Which department supervises insurance companies?

China Banking Insurance Regulatory Commission. The Insurance Regulatory Commission of the Bank of China, the former China Banking Regulatory Commission and China Insurance Regulatory Commission, is the regulatory authority.

Legal basis: People's Republic of China (PRC) Commercial Bank Law.

Article 61 A commercial bank shall submit its balance sheet, profit and loss statement, other financial accounting and statistical statements and materials to the banking supervision institution of the State Council and the People's Bank of China in accordance with regulations.

Article 63 Commercial banks shall accept the audit supervision of audit institutions according to law.