Circular of the General Office of the People's Bank of China and the General Office of the China Insurance Regulatory Commission on Matters relating to the Confirmation of Relations between Insurance Applicants and the Insured or Beneficiaries
Circular of the General Office of the People's Bank of China and the General Office of the China Insurance Regulatory Commission on Matters relating to the Confirmation of Relations between Insurance Applicants and the Insured or Beneficiaries
Circular of the General Office of the People's Bank of China and the General Office of the China Insurance Regulatory Commission on Matters relating to the Confirmation of Relations between Insurance Applicants and the Insured or Beneficiaries
Yin Ban Fa [2016] No.270
December 30, 2016
The Shanghai head office, and all branches and operations offices, central sub-branches in capitals of provinces (autonomous regions) and central sub-branches in vice-provincial cities of the People's Bank of China; all local offices of the China Insurance Regulatory Commission; and all life insurance companies,
In order to regulate the standards for the confirmation of relations between insurance applicants and the insured or beneficiaries of life insurance contracts, improve the client identification system, and prevent risks in connection with money laundering and terrorist financing, the following matters relating to the confirmation of relations between insurance applicants and the insured or beneficiaries are hereby notified to all life insurance companies for compliance and implementation.
I.
......
Yin Ban Fa [2016] No.270
December 30, 2016
The Shanghai head office, and all branches and operations offices, central sub-branches in capitals of provinces (autonomous regions) and central sub-branches in vice-provincial cities of the People's Bank of China; all local offices of the China Insurance Regulatory Commission; and all life insurance companies,
In order to regulate the standards for the confirmation of relations between insurance applicants and the insured or beneficiaries of life insurance contracts, improve the client identification system, and prevent risks in connection with money laundering and terrorist financing, the following matters relating to the confirmation of relations between insurance applicants and the insured or beneficiaries are hereby notified to all life insurance companies for compliance and implementation.
I.
......