The Zhitong Finance App learned that on September 4, the State Financial Supervisory Administration solicited public comments on the “Insurance Law of the People's Republic of China (Revision Draft for Comments)”. The revised draft consists of 8 chapters and 214 articles. The main contents include: first, strengthening shareholders' penetrating supervision and including shareholders and actual controllers of insurance institutions within the scope of supervision; second, improving the prudential supervision system, strengthening supervisory requirements such as corporate governance, risk management, and internal control; improving solvency supervision, strengthening asset liability management, and improving fund use supervision; third, improving risk management and market exit rules; 4 is strengthening insurance consumer protection, improving insurance contract rules, and further clarifying regulations to ensure that insurance institutions violate laws; 5. Liability coverage, increase the margin of fines.

The Zhitong Finance App learned that on September 4, the State Financial Supervisory Administration solicited public comments on the “Insurance Law of the People's Republic of China (Revision Draft for Comments)”. The revised draft consists of 8 chapters and 214 articles. The main contents include: first, strengthening shareholders' penetrating supervision and including shareholders and actual controllers of insurance institutions within the scope of supervision; second, improving the prudential supervision system, strengthening supervisory requirements such as corporate governance, risk management, and internal control; improving solvency supervision, strengthening asset liability management, and improving fund use supervision; third, improving risk management and market exit rules; 4 is strengthening insurance consumer protection, improving insurance contract rules, and further clarifying regulations to ensure that insurance institutions violate laws; 5. Liability coverage, increase the margin of fines.