Capital requirements for insurance company registration
1. The minimum registered capital of an insurance company is RMB 200 million. This provision is higher than the minimum registered capital required by the Company Law, but it conforms to other corresponding provisions of the Company Law. Because the company law specifically stipulates the minimum amount of registered capital of joint stock limited companies and limited liability companies, it also stipulates that it needs to be higher than the minimum amount stipulated in the company law, which shall be stipulated separately by laws and administrative regulations. The purpose of setting a higher registered capital for an insurance company is to ensure that the insurance company has considerable funds to support its compensation ability, and can make claims in time when an insurance accident occurs, so as to protect the interests of the insured.
2. The minimum registered capital of an insurance company must be paid-in monetary capital. China's "Company Law" stipulates that shareholders of a limited liability company and promoters of a joint stock limited company can make capital contributions in cash, or in kind, industrial property rights, non-patented technology and land use rights. The Insurance Law stipulates that the minimum registered capital of an insurance company must be paid-in monetary capital to ensure the timeliness and reliability of insurance company's claims. It should be noted that the insurance law only requires the minimum registered capital of an insurance company to be paid-in monetary capital. Beyond the minimum, as long as it meets the provisions of the company law, non-monetary contributions useful to insurance companies are acceptable.
3, the financial supervision and management department according to the insurance company's business scope. The minimum amount of registered capital can be adjusted according to the scale of operation. But not less than 200 million yuan. The insurance law stipulates the minimum registered capital of an insurance company as the most basic requirement. If the insurance company has a wide range of business and a large scale of operation, it needs to set a higher registered capital to ensure solvency. To this end, the insurance law authorizes the financial supervision and management department to make provisions on the minimum amount higher than the insurance law according to the business scope and scale of the insurance company.
Why buy insurance? What are the benefits?
1, bear the accidental injury: "There are unexpected events in the sky, and people have fortunes." When you have an accident, insurance can help you bear the accidental injury to the greatest extent.
2. Reduce investment risk: investment is a high-risk behavior, and many types of insurance are specifically aimed at the investment field. When risks come, insurance can bear certain losses.
3. Providing life support: Protecting personal life is the original intention and goal of insurance. If you don't want to live too insecure, then choose an insurance for yourself!
4. Get extra income: Another advantage of buying insurance is that even if you do nothing but lose your job, insurance can bring you extra income.