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Important Measures

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Amendments of the Directions for Premiums Collection Authorized by Insurance Enterprises

In order to enhance management of premium collection authorized by the insurance company and to cope with practical needs of such activities, the insurance company may use “prepaid premium receipt” as the proof of collection given to their customers, according to the amendment. In addition, insurance companies are responsible for supervising matters that they entrust to the insurance agents. The insurance companies should require the insurance agents to establish related control and management mechanism. According to the amendment, the insurance agents that are authorized by insurance company to collect premiums and establish the control and management mechanism according to the insurance agency agreement between the insurance companies and the insurance agents may prepare and print premium receipts/collection documents by themselves.
Visitor: 598   Update: 2018-01-23
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