Insurance Law of the People's Republic of China
(Adopted at the 14th Session of the Standing Committee of the Eighth National People's Congress on June 30, 1995, and promulgated by Order No. 51 of the President of the People's Republic of China on June 30, 1995)

Chapter III - Insurance Company

212

Article 81

213

An insurance company shall get the approval of the financial supervision and administration departments in one of the following alterations:

214

1. change of its designation;

215

2. change in its registered capital;

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3. change of business places of the company or its branch organizations;

217

4. adjustment of its business scope;

218

5. split or merger of the company;

219

6. revision of its articles of association;

220

7. change of the contributors or shareholders who own more than 10 percent of the total shares; and

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8. other modifications stipulated by the financial supervision and control department.

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An insurance company which intends to change its chairman of the board or the general manager shall report to the financial supervision and control department for examining his qualifications for the position.

Insurance Law of the People's Republic of China (Adopted at the 14th Session of the Standing Committee of the Eighth National People's Congress on June 30, 1995, and promulgated by Order No. 51 of the President of the People's Republic of China on June 30, 1995)

Chapter I - General Provisions

Chapter II - Insurance Contract

Section 1 - General Provisions

Section 2 - Property Insurance Contract

Section 3 - Life Insurance Contract

Chapter III - Insurance Company

Chapter IV - Operational Rules Governing Insurance

Chapter V - Supervision and Control over Insurance Business

Chapter VI - Insurance Agent and Insurance Broker

Chapter VII - Legal Responsibility

Insurance Law of the People's Republic of China
(Adopted at the 14th Session of the Standing Committee of the Eighth National People's Congress on June 30, 1995, and promulgated by Order No. 51 of the President of the People's Republic of China on June 30, 1995)