Legal basis: Article 95 of People's Republic of China (PRC) Insurance Law: (1) Personal insurance business, including life insurance, health insurance, accidental injury insurance and other insurance business; (2) Property insurance business, including property loss insurance, liability insurance, credit insurance, guarantee insurance and other insurance businesses; (3) Other insurance-related businesses approved by the the State Council Insurance Regulatory Authority. An insurer may not concurrently engage in life insurance business and property insurance business. However, insurance companies engaged in property insurance business may engage in short-term health insurance business and accidental injury insurance business with the approval of the State Council Insurance Regulatory Authority. An insurance company shall engage in insurance business activities within the business scope approved by the the State Council Insurance Regulatory Authority according to law.