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CBRC further clarifies the operation conditions of
Published:6/15/2020 3:44:35 PMViews: 28
In accordance with the requirements of the CPC Central Committee and the State Council on the reform of "deregulation services" and the work plan for agricultural insurance, in order to further deepen the structural reform of the supply side of agricultural insurance and establish and improve the management mechanism of the operating conditions of agricultural insurance business, the CBRC recently issued the notice on further clarifying the operating conditions of agricultural insurance business (hereinafter referred to as the notice). In view of the market access problems of agricultural insurance which are mainly reflected by the industry, the circular establishes and improves the management system of the operating conditions of agricultural insurance business in the whole process in accordance with the principles of legal compliance, improvement of standards, combination of release and management, and dynamic supervision, so as to promote the stable and healthy development of the agricultural insurance market.
The issuance of the notice is an important policy and measure for the CBRC to implement the regulations on agricultural insurance and the guiding opinions on accelerating the high-quality development of agricultural insurance, as well as an important measure for the implementation of the reform of the Party Central Committee and the State Council. As an important institutional arrangement to improve the agricultural insurance system, notice will further improve the management mechanism of agricultural insurance business conditions, optimize the layout of agricultural insurance institutions, standardize the order of agricultural insurance market, and promote the sustainable and healthy development of agricultural insurance. Next, the cbcirc will focus on the implementation of the circular, guide local governments to formulate detailed rules in line with local conditions, improve the market access and exit mechanism of agricultural insurance, and promote agricultural insurance to better serve the cause of "agriculture, rural areas and farmers". The head of the relevant departments of the cbcirc answered the relevant questions of the reporter.
What is the main background of the notice?
In March 2013, the regulations on agricultural insurance (hereinafter referred to as the regulations) came into force. According to the regulations, insurance institutions operating agricultural insurance business shall meet the corresponding conditions and be approved by the insurance regulatory authority under the State Council according to law. In order to implement the requirements of the regulations, the original CIRC formulated the notice on strengthening the management of agricultural insurance business qualification, which stipulated the qualification conditions and approval procedures of agricultural insurance business.
In March 2015, the State Council promulgated the decision of the State Council on the cancellation and adjustment of a number of administrative examination and approval projects and other matters to cancel the examination and approval of the qualification of agricultural insurance business. In February 2016, the regulations were revised to delete the expression "approved by the insurance regulatory authority under the State Council in accordance with the law" when the insurance institutions should meet the corresponding conditions while retaining the insurance institutions.
The head of relevant departments of the cbcirc said that in order to implement the provisions of the regulations on agricultural insurance and do a good job in the supervision of agricultural insurance market access after the disqualification approval, the supervision department fully listened to the opinions of the industry, conducted in-depth research and actively promoted relevant work. After several rounds of research and discussion, the market has formed a broad consensus on deepening the reform of Agricultural Insurance operating conditions, and the time to start the reform is basically ripe. The CIRC conducted in-depth investigation and research, extensively solicited opinions and suggestions from the industry, and formulated the circular on this basis.