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          BIZCHINA> Reports

          


          

          
          		

          

          


          

          


          

          



          

          


 

          


          


 

          


          

          


 

          



          New measures on insurer guarantees
          


          By Hao Zhou (chinadaily.com.cn)
          
 Updated: 2007-08-10 17:58
          



 

          

          

          


          
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          Related readings:
          


          Foreign investors allowed up to 25% of insurance firms
          
Central bank moves on deposit insurance
          
          		

          
          

          

The China Insurance Regulatory Commission (CIRC) has promulgated provisional measures on managing insurance companies' guarantee funds. The latest measures entered into force on August 2, and the previous ones, which were enacted by CIRC in 2005, were revoked at the same time.
          


          The new measures promise insurance companies more alternatives for depositing guarantee funds in banks. Insurance corporations can choose almost any bank with a registered capital of no less than four billion yuan (US$528 million).
          


          More options in choosing banks indicate fierce competition among banks and a larger return rate for insurance companies, said Luo Yi, a researcher from China Merchants Securities.
          


          ...
          


          The full text is available in the August Issue ofChina Insurance.
          


          

          (For more biz stories, please visit Industries)
          

          

          

 



 



          


          


 

          

          

          


          

          


 

          


          


 

          


          


 

          


          


          


 

          

          

          
          		

          

          








           
          


           
          



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