Important Measures
Amendments to the Regulations Governing the Supervision of Insurance Solicitors
2016-08-24
In line with the amendment of the Insurance Act announced on February 4, 2015 that allowed banks to concurrently engage in either insurance agency or insurance broker business and in response practical operational and supervisory needs, amendments to the Regulations were announced. To the Regulations were added the requirements that insurance solicitors must be registered with a bank, that insurance companies urge their insurance solicitors to participate in education and training, that, for any solicitation activities related to life insurance products, solicitors should personally meet policyholders, and the disciplinary action regulations relating to failure of solicitors follow the measures mentioned in the preceding regulations, in order to spur insurance companies to implement supervision of solicitors and protect consumer rights and interests.
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- Update： 2016-08-24
