What Is a Notice of Non-Responsibility?
The notice of the China Insurance Regulatory Commission on issues related to the regulation of non-auto insurance business is a notice provision promoting the healthy and rapid development of property insurance business.
Notice of China Insurance Regulatory Commission on issues related to regulating non-auto insurance business
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- The notice of the China Insurance Regulatory Commission on issues related to the regulation of non-auto insurance business is a notice provision promoting the healthy and rapid development of property insurance business.
- Insurance regulatory bureaus, property insurance companies, China Insurance Industry Association:
In order to fully implement the spirit of the "Several Opinions of the State Council on the Reform and Development of the Insurance Industry" (Guo Fa [2006] No. 23) and promote the healthy and rapid development of property insurance business, in accordance with the requirements of the National Insurance Working Conference and the National Insurance Regulatory Working Conference, The notice on practically strengthening non-auto insurance related work is as follows:
I. Strictly regulate the operating behaviors of the non-auto insurance market. Insurance companies should attach great importance to regulating the operating behaviors of the non-auto insurance market. They should strengthen management from various aspects such as internal control, underwriting and compensation, and audit and audit. Operate in accordance with laws and regulations in accordance with the laws and regulations of the Insurance Law of the People's Republic of China. The first is to strictly abide by the provisions for the approval and filing of non-auto insurance clauses and rates, and it is strictly forbidden to expand insurance liabilities arbitrarily; the second is to strictly implement the pure risk loss rate table and the prohibition of vicious and disorderly price competition; the third is to strengthen the refund of approvals 2. The management of premium receivables and expenses, it is strictly forbidden to pay kickbacks and conduct commercial bribery by means of false approvals and refunds, falsely linked premiums receivable, and falsely listed operating expenses; the fourth is to strengthen the management and system construction of all aspects of claims settlement. Put an end to false claims and prevent the "run, run, drip, leak" phenomenon in the claims process.
Companies must strengthen the management of non-auto insurance approval refunds. In principle, the review authority for normal review business should be concentrated in the head office or branch office. It is strictly forbidden to take funds in the form of approval and refund to make various illegal payments. Companies should strengthen the audit of the review and approval business, strengthen the review of the reasons for the application of the refund of the approval fee, the applicant, the payment target of the approval fee and the payment method, and so on. Institutions and related personnel with normal expenses should be dealt with seriously.
2. Effectively increase the supervision of non-auto insurance business. The insurance regulatory bureaus should highlight the key points, pay close attention to it, increase the investigation and punishment of violations of laws and regulations of non-auto insurance business, and increase the number of large-scale commercial insurance, master policies, and complaints. Companies and regions as the focus of investigation and investigation. For companies that do not strictly implement the non-auto insurance clause rates for approval and filing and strictly implement the pure risk loss rate schedule, especially for companies that operate illegally through false approvals and refunds, disrupt market order, and disrupt the market competition environment, they must Deal with severely.
Regarding the verified non-car insurance violations and laws and regulations, the insurance regulatory bureaus should adhere to the principle of equal accountability and agency penalties, focusing on the handling of institutions and responsible persons. That is to say, for institutions that operate illegally and illegally, depending on the severity of the situation, they will adopt punishment measures such as "restrict business scope", "order to stop accepting new business" or "revocation of insurance business licenses", and gradually implement the market withdrawal mechanism; responsibility for illegal and illegal operations Persons, including managers, department heads, and deputy leaders, shall adopt punishment measures such as warning, order replacement or fines depending on the severity of the circumstances. If the circumstances are serious, the responsible person of the superior company shall be held accountable according to law. Anyone who commits a crime shall be referred to the judicial department in a timely manner.
3. Actively play the role of self-discipline in the non-auto insurance business industry The insurance industry associations must take the initiative to work in a timely manner to understand the compliance operation of the non-auto insurance market, strengthen communication, coordination, service and self-discipline, and play a role in the innovation and development of non-auto insurance business and market regulation. Actively promote the innovation of non-auto insurance products and the expansion of service areas, and enhance the industry image of property insurance.
The insurance regulatory bureaus, insurance companies, and insurance industry associations must perform their duties, strengthen communication, and work together to comprehensively promote the standardized development of non-auto insurance businesses. Major issues and situations arising from the development and supervision of non-auto insurance business shall be reported to the China Insurance Regulatory Commission in a timely manner. [1]