According to the regulations of China Banking and Insurance Regulatory Commission, all property insurance companies should report to China Banking and Insurance Regulatory Commission or its provincial institutions for the record.
China Banking Regulatory Commission, established on 20 18, is a public institution directly under the State Council. Its main duties are to conduct unified supervision and management of the banking and insurance industries in accordance with the law, safeguard their lawful and steady operations, prevent and resolve financial risks, protect the legitimate rights and interests of financial consumers and maintain financial stability.