Business scope of insurance companies: (1) Property insurance business, including property loss insurance, liability insurance, credit insurance and other insurance businesses; (2) Personal insurance business, including life insurance, health insurance, accident insurance and other insurance business; The same insurer may not concurrently engage in property insurance business and personal insurance business. The business scope of an insurance company shall be approved by the financial supervision and regulation department. Insurance companies can only engage in insurance business activities within the approved business scope. Measures for the separate operation of insurance companies established before the implementation of this Law in accordance with the provisions of the second paragraph shall be formulated by the State Council.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.