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China: WeiyangX Fintech Review
China Banking and Insurance Regulatory Commission Issues Regulations Towards Internet Insurance
On December 14
Internet Insurance Business Regulatory Measures.” Key contents of the Measures include:
clarifying the nature of Internet insurance business and applicable regulations
stipulating requirements for Internet insurance business operations, strengthening the principles of licensed operation, defining licensed institutions as self-operated online platforms, and clarifying the prohibited conduct of non-licensed institutions;
standardizing insurance marketing and publicity;
stipulating “special operating regulations” for online insurance companies, insurance companies, insurance intermediary agencies, and online enterprises that engage in insurance operations
From September 28
Source:
The People’s Bank of China Says No to “Cash Discrimination” ....

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