Post 93Â Â Â Â Â Â Matter to approval from the insurance supervision and control authority, insurance organizations could interact in the next reinsurance business enterprise with regard towards the insurance business enterprise prescribed inside the preceding article:
Post 143Â Â Â Â Â In which an insurance business, in violation on the provisions of this regulation, engages in insurance organization over and above the scope of business approved or concurrently engages in the business other than that provided for by this Regulation, or other legal guidelines, or administrative principles and regulations, which constitutes a criminal offense, it shall be investigate for criminal accountability in accordance with legislation; Should the situation are not significant enough to represent a criminal offense, the insurance supervision and Handle authority shall instruct the insurance organization to create rectification and also to return the premiums gathered, shall confiscate its unlawful gains and shall impose on it a high-quality of not a lot less than a single time the level of, although not in excess of five times the level of, its unlawful gains; and when there are no unlawful gains or the level of the illegal gains is less than a hundred,000 yuan, it shall be fined not under a hundred,000 yuan but not greater than 500,000 yuan; and When the insurance firm fails to make rectification within just the specified time limit or if the results are severe, the reported authority shall instruct it to suspend small business operation for rectification or revoke its insurance organization license.
The sum insured shall not exceed the insurable worth; plus the part in extra shall be null and void.
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(3) blocking the applicant from satisfying his obligation of making a full and exact disclosure as offered for Within this Legislation or inducing him not to meet such obligation;
Post fifteen Unless of course in any other case stipulated In this particular Law or agreed in the insurance deal, the applicant could rescind the deal right after it is actually formed.
      Administrative sanctions shall be imposed in accordance with the pertinent rules from the Point out Should the instances attending any on the acts outlined from the previous paragraphs are minor and don't constitute against the law.
The insurance supervision and control authority could alter the amount of the minimum registered funds, in accordance Using the proposed scope of company and scale of functions; nonetheless, the minimal cash shall not be under that stipulated in the initial paragraph of this informative article.
Determining The truth that many academics do get the job done in cultural theory and political theory (which includes on normative ideas, religion and the point out).
Report 109Â Â Â Â Â The insurance supervision and control authority shall hold the authority to inspect the organization scenario, money scenario and work of funds problem of the insurance business, and shall provide the authority to request an insurance organization to furnish applicable penned studies and knowledge within a prescribed time frame.
 The insurance provider shall accordingly pay back the stability immediately after the amount of indemnity or with the payment of insurance benefits is last but not least decided.
Short article one hundred fifty     Regarding the senior administrators and other persons of the insurance enterprise who will be instantly responsible for a violation of your provisions of the Regulation, which is not critical enough to constitute against the law, the insurance supervision and Regulate authority may possibly, within the merits of every situation, provide check here a disciplinary warning, instruct to obtain them changed, or impose a wonderful of not under twenty,000 yuan although not over one hundred,000 yuan.
Report ninety      When an insurance corporation ceases its organization operations in accordance with legislation, its license to hold on insurance enterprise shall be canceled.
Short article seventy six      The insurance supervision and control authority shall make a choice approving or disapproving the application, in 6 months from the date of receipt of your formal application to ascertain an insurance enterprise.