The main responsibilities of China Insurance Regulatory Commission are:
1. Implement unified supervision and management of the banking and insurance industries nationwide according to law, safeguard the lawful and steady operation of the banking and insurance industries, and exercise vertical leadership over the dispatched offices.
2. Systematically study the reform, opening-up and regulatory effectiveness of the banking and insurance industries. Participate in the formulation of strategic plans for the reform and development of the financial industry, and participate in the drafting of important laws and regulations on banking and insurance, as well as basic systems such as prudential supervision and financial consumer protection. Draft other banking and insurance laws and regulations, and put forward suggestions for formulation and revision.
3, according to the basic system of prudential supervision and financial consumer protection, formulate prudential supervision and behavior supervision rules for banking and insurance. Formulate the operating rules and supervision rules of various institutions such as microfinance companies, financing guarantee companies, pawn shops, financial leasing companies, commercial factoring companies and local asset management companies. Formulate a supervision system for the business activities of information intermediaries in peer-to-peer lending.
4. Implement access management for banks, insurance institutions and their business scope according to law, and conduct qualification examination for senior managers. Formulate behavioral management norms for employees in the banking and insurance industries.
5. Supervise the corporate governance, risk management, internal control, capital adequacy, solvency, business norms and information disclosure of banks and insurance institutions.
6. Conduct on-site inspection and off-site supervision of banks and insurance institutions, conduct risk and compliance assessment, protect the legitimate rights and interests of financial consumers, and investigate and deal with violations of laws and regulations according to law.
7, responsible for the unified preparation of the national banking and insurance regulatory data statements, published in accordance with the relevant provisions of the state, to perform the relevant duties of comprehensive statistics of the financial industry.
8, the establishment of bank insurance risk monitoring, evaluation and early warning system, tracking analysis, monitoring and forecasting of bank insurance operation.
9. Put forward opinions and suggestions on emergency risk disposal of deposit financial institutions and insurance institutions in conjunction with relevant departments and organize their implementation.
10, crack down on illegal financial activities according to laws and regulations, and be responsible for the identification, investigation, suppression and related organization and coordination of illegal fund-raising.
1 1, responsible for guiding and supervising the relevant business work of local financial supervision departments according to the division of responsibilities.
12. Participate in the formulation of international banking insurance organizations and international regulatory rules, and carry out foreign exchange and international cooperation in banking insurance.
13, responsible for the daily management of the board of supervisors of state-owned key banking financial institutions.
14. Complete other tasks assigned by the CPC Central Committee and the State Council.
15, function change. Focusing on the guiding principles and tasks of national financial work, we will further clarify the functional orientation, strengthen regulatory responsibilities, strengthen micro-prudential supervision, behavioral supervision and financial consumer protection, and keep the bottom line that systemic financial risks will not occur.
In accordance with the requirements of decentralization, we will gradually reduce and standardize pre-approval in accordance with the law, strengthen post-event supervision, optimize financial services, appropriately transfer supervision and service functions to dispatched institutions, promote the sinking of business and services of banks and insurance institutions, and better play the role of financial services in the real economy.
Functions of CIRC 15:
1. General Office (Party Committee Office, Work Department of the Board of Supervisors).
To formulate the office rules and regulations of conference organs; Organize and coordinate the daily work of organs; To undertake the drafting of relevant documents, organization of important meetings, confidentiality, secretarial work, letters and visits, confidentiality, information integration, news release, security and so on. Responsible for insurance letters and complaints; To undertake relevant work assigned by the Party Committee; Responsible for the daily work of the board of supervisors of state-owned insurance companies.
2. Ministry of Development and Reform (Policy Research Office).
To formulate development strategies, industry plans and policies for the insurance industry; To formulate guidelines and policies for insurance supervision and measures to prevent and resolve risks; To study major issues concerning the reform and development of the insurance industry, put forward policy suggestions and organize their implementation; Responsible for standardizing the ownership structure and corporate governance structure of insurance companies, guiding and supervising the establishment, reorganization and listing of insurance companies; Responsible for drafting important meeting documents and manuscripts.
3. Finance and Accounting Department.
To formulate measures for the implementation of financial accounting management and insurance supervision of insurance enterprises; Establish the solvency supervision index system of insurance companies; Prepare the annual financial budget and final accounts of the China CIRC system; Review the financial budget and final accounts and revenue and expenditure activities of organs and institutions, and conduct supervision and inspection; Review the relevant financial provisions in the business rules of various departments of the meeting. Responsible for the financial management of public institutions.
4. Property insurance supervision department.
To undertake the supervision of property insurance companies. To formulate regulatory rules and regulations and actuarial systems for property insurance; Monitor the asset quality and solvency of insurance companies; Check and standardize market behavior, investigate and deal with illegal acts; Review and record insurance clauses and insurance rates; Examining the establishment, alteration, termination and business scope of insurance companies; Review the qualifications of senior managers.
5. Life Insurance Supervision Department.
Undertake the supervision of life insurance companies. To formulate rules and regulations on life insurance supervision and actuarial system; Monitor the asset quality and solvency of insurance companies; Check and standardize market behavior, investigate and deal with illegal acts; Review and record insurance clauses and insurance rates; Examining the establishment, alteration, termination and business scope of insurance companies; Review the qualifications of senior managers.
6. Reinsurance Supervision Department.
Undertake the supervision of reinsurance companies. Formulate regulatory rules and regulations; Monitor the asset quality and solvency of insurance companies; Check and standardize market behavior, investigate and deal with illegal acts; Examining the establishment, alteration, termination and business scope of insurance companies; Review the qualifications of senior managers.
7. Insurance Intermediary Supervision Department.
To undertake the supervision of insurance intermediaries. Formulate regulatory rules and regulations; Check and standardize the market behavior of insurance intermediaries, and investigate and deal with illegal acts; Review the establishment, alteration, termination and business scope of insurance intermediaries; Examining the qualifications of senior managers; Formulate basic qualification standards for insurance intermediary employees.
8. Insurance fund utilization supervision department.
To undertake the supervision of the use of insurance funds. Formulate regulatory rules and regulations; Establish a risk assessment, early warning and monitoring system for the use of insurance funds; Investigate and deal with violations of laws and regulations; Review the establishment, alteration, termination and business scope of insurance fund utilization institutions; Review the qualifications of senior managers. Formulate measures for the management and use of insurance protection funds, and be responsible for the collection and management of insurance protection funds.
9. International Department.
To undertake the contact and cooperation between China Insurance Regulatory Commission and relevant international organizations, regulatory agencies and insurance institutions of relevant countries and regions. Responsible for the foreign affairs management of China Insurance Regulatory Commission;
To undertake the review of overseas insurance institutions' establishment of insurance institutions in China, domestic insurance institutions and non-insurance institutions' establishment of insurance institutions abroad and related changes; To undertake the examination and management of representative offices established by overseas insurance institutions in China; Supervise insurance institutions established overseas by domestic insurance and non-insurance institutions.
10, Law Department.
Formulate relevant insurance regulatory rules and regulations; Drafting relevant laws and administrative regulations, and putting forward suggestions for formulation or amendment; Review the regulatory rules drafted by various departments of the Audit Committee; Supervise and coordinate the implementation of relevant laws and regulations; Carry out insurance legal consulting services and organize legal education and publicity; To undertake administrative reconsideration and administrative litigation.
1 1, Statistics and Information Department.
Formulate the statistical system of insurance industry, and establish and maintain the insurance database; Responsible for the unified compilation of national insurance data and statements, copied to the People's Bank of China, and published in accordance with relevant state regulations;
Responsible for the analysis of statistical data of insurance institutions; Formulate information standards for the insurance industry and establish and improve the information security system; Responsible for the planning and implementation of information construction in the insurance industry; Responsible for the establishment and maintenance of solvency and other business supervision information systems; Responsible for the construction and management of information equipment.
12, Agency Management Department.
To formulate rules and regulations for the management and coordination of dispatched agencies. Check the implementation of the work of the dispatched offices and urge the leaders of the meeting to approve major issues; In conjunction with the relevant departments, put forward the evaluation opinions on the annual work performance of the dispatched institutions;
To study and analyze the major problems in the management and coordination of dispatched institutions, and put forward suggestions and solutions; Regularly collect and sort out the opinions and suggestions of the dispatched institutions reflecting the operation and supervision of the insurance market.
13, Ministry of Personnel and Education (Party Committee Organization Department).
To formulate rules and regulations on human resources management of conference organs and institutions; To undertake the personnel management of conference organs, institutions and relevant units; In accordance with the regulations, be responsible for the daily management of the leading bodies and leading cadres of relevant insurance institutions; To be responsible for guiding the Party's organizational construction in this system and the education management in party member; Responsible for the training and education of cadres in organs and systems.
14, Supervision Bureau (Commission for Discipline Inspection).
Supervise and inspect the implementation of national laws, regulations and policies in this system; Investigate and deal with violations of state laws, regulations and political discipline according to law; Accepting reports, complaints and appeals against the object of supervision. Lead the supervision (discipline inspection) of this system.
15, Propaganda Department of Party Committee (United Front Work Department of Party Committee).
Responsible for the ideological construction and propaganda work of the party in this system; Responsible for ideological and political work and spiritual civilization construction; Responsible for guiding and coordinating the United front work, mass work and intellectual work of this system.
Reference to the above contents: Bank of China Insurance Regulatory Commission-Home Page
Reference to the above content: Baidu Encyclopedia-China Insurance Regulatory Commission
Refer to the above contents: Bank of China Insurance Regulatory Commission-Main responsibilities