Provisions on the administration of insurance assessment institutions

Chapter I General Provisions Article 1 These Provisions are formulated in accordance with the Insurance Law of People's Republic of China (PRC) (hereinafter referred to as the "Insurance Law") and other relevant laws and administrative regulations in order to protect the legitimate rights and interests of the insured and the insured, maintain a fair market order and prevent insurance risks. Article 2 The term "insurance assessment institution" as mentioned in these Provisions refers to an institution established with the approval of China Insurance Regulatory Commission (hereinafter referred to as "China Insurance Regulatory Commission") in accordance with the Insurance Law and other relevant laws, administrative regulations and these Provisions, and entrusted by the insurance parties to specialize in the assessment, inspection, appraisal, loss assessment and adjustment of the subject matter insured. Article 3 These Provisions shall apply to insurance assessment institutions specially established with the approval of China Insurance Regulatory Commission (hereinafter referred to as China Insurance Regulatory Commission) and engaged in the assessment, inspection, appraisal, loss determination and adjustment of the subject matter of insurance in People's Republic of China (PRC). Article 4 An insurance assessment institution established in accordance with these Provisions shall, in the name of an insurance assessment institution, engage in the assessment, inspection, appraisal, loss determination and adjustment of the subject matter insured. Without the approval of the China Insurance Regulatory Commission, no unit or individual may engage in the assessment, inspection, appraisal, loss assessment and adjustment of the subject matter insured in the name of an insurance assessment institution within the territory of People's Republic of China (PRC). Article 5 An insurance assessment institution engaged in the assessment, inspection, appraisal, loss assessment and adjustment of the subject matter insured shall abide by laws, administrative regulations and the relevant provisions of the China Insurance Regulatory Commission, and adhere to the principles of objectivity, impartiality and fairness. Article 6 If an insurance assessment institution causes damage to the insured due to its own fault, it shall bear corresponding legal responsibilities according to law. Article 7 The China CIRC shall supervise and manage insurance assessment institutions according to law. Chapter II Establishment Article 8 An insurance assessment institution may be established in the form of partnership, limited liability company or joint stock limited company. Article 9 To establish an insurance assessment institution in the form of a partnership enterprise, the following conditions shall be met:

(1) Having two or more partners and having corresponding capacity for civil conduct;

(2) Having a partnership agreement that complies with the law;

(3) The paid-in monetary contribution is not less than RMB 500,000;

(4) Having the name and domicile of the partnership enterprise that meet the legal requirements;

(5) Having senior managers who meet the requirements of the China Insurance Regulatory Commission for the management of post qualifications;

(6) The number of insurance assessors holding the Qualification Certificate for Insurance Assessors (hereinafter referred to as the Qualification Certificate) shall not be less than two thirds of the employees;

(seven) other conditions required by laws and administrative regulations. Article 10 To establish an insurance assessment institution in the form of a limited liability company, the following conditions shall be met:

(a) the number of shareholders is more than 2 and less than 50;

(2) Having a company's articles of association that meet the requirements of the law;

(3) Paid-in currency with a registered capital of not less than RMB 500,000.

(4) Having a company name, organization and domicile that meet the requirements of the law;

(5) The insurance assessors holding qualification certificates shall be no less than two thirds of the employees;

(six) there are senior managers who meet the requirements of the China Insurance Regulatory Commission;

(seven) other conditions required by laws and administrative regulations. Article 11 An insurance assessment institution in the form of a joint stock limited company shall meet the following conditions:

(a) there are more than five promoters who meet the statutory requirements;

(2) Having a company's articles of association that meet the requirements of the law;

(3) Paid-in currency with a registered capital of not less than RMB 654.38+million;

(4) Having a company name, organization and domicile that meet the requirements of the law;

(5) The insurance assessors holding qualification certificates shall be no less than two thirds of the employees;

(six) there are senior managers who meet the requirements of the China Insurance Regulatory Commission;

(seven) other conditions required by laws and administrative regulations. Article 12 The legal name of an insurance assessment institution shall include the words "insurance assessment". Article 13 Units and individuals that cannot invest in insurance assessment institutions in accordance with relevant laws, administrative regulations and the provisions of the China Insurance Regulatory Commission shall not become shareholders, promoters or partners of insurance assessment institutions. Article 14 The qualifications of senior managers of insurance assessment institutions shall be examined by the China Insurance Regulatory Commission.

The senior managers of insurance assessment institutions mentioned in these Provisions include the chairman, general manager, deputy general manager or the principal responsible person of the partnership.

The contents and methods of the qualification examination for senior managers of insurance assessment institutions include the examination of application materials, investigation talks and examinations. The conversation shall be recorded, and conversation record shall be signed by the inspector and the inspected. The application materials, inspection of conversation record and inspection results are the important basis for the qualification examination of the inspected, and they are stored in the qualification file of the inspected together with the examination opinions of the China Insurance Regulatory Commission on the qualifications of the inspected. Article 15 A senior manager of an insurance assessment institution shall meet one of the following conditions in addition to holding a qualification certificate:

(1) Having a bachelor's degree or above in economics, finance, science, engineering and law, and having been engaged in insurance assessment or related work for more than 3 years;

(2) Having a bachelor degree or above in non-economics, finance, science, engineering or law, and having been engaged in insurance assessment or related work for more than 5 years;

Engaged in insurance assessment or related work 10 years or more, and the academic requirements may be relaxed appropriately.