Personal Finance
Insurers asked to provide written risk warnings
By Li Huayu (chinadaily.com.cn)
Updated: 2009-06-24 19:25
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The move is designed to prompt the insured of their legitimate rights and the do’s and don’ts of insurance purchase, said the notice. It applies to individual personal insurance products with a term of more than one year sold via individual agents or bank counters, according to the notice.
Insurance companies must specify the features and risks of their products on the warning letters and prompt the insured of their rights and obligations, the notice stated. All letters must be centrally managed by insurance company headquarters and filed with the CIRC...
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