How to apply for an insurance brokerage license with application requirements and procedures

Mr. Xie of Tengbo International
Company introduction: Founded in Shenzhen in 2015, headquartered in Shenzhen Futian Excellence Times Square
Basic services: Qianhai address registration, industrial and commercial registration changes, Guangdong and Hong Kong license plate applications, filings, various enterprises Business license qualification certification, acquisition and transfer of financial investment companies.
Key services: Financial filing and financial license application/transfer, mainly: private equity fund filing, private equity license application, private equity license transfer, Internet small loan (online small loan) license application, third-party payment license transfer, insurance brokerage license Application, application for insurance intermediary license, application for transfer of pawn shop license
An insurance brokerage company is an institution that provides intermediary services for policyholders and insurers to enter into insurance contracts based on the interests of policyholders, and collects commissions in accordance with the law. At the end of this month, Dalian Port Finance Company was entrusted by Dalian Port Group to start applying for the establishment of Dalian Gangtai Insurance Brokerage Co., Ltd. The China Insurance Regulatory Commission recently issued an approval. At this point, Dalian Gangtai Insurance Brokerage Co., Ltd. can officially carry out business nationwide, including: formulating insurance plans for policyholders, selecting insurers, handling insurance procedures, assisting the insured or beneficiary in making claims, reinsurance brokerage business for the client Provide disaster prevention, loss prevention or risk assessment, risk management consulting services and other related businesses.
In order to guide the transformation of insurance intermediaries, the draft also plans to add fund custody requirements to professional intermediaries, that is, choose a custodian bank from among state-owned commercial banks and joint-stock commercial banks to open a fund custody account, and transfer all registered capital Deposit into this account. The custody funds shall not be used before obtaining an insurance intermediary business license.
Instructions for application of insurance brokerage company registration conditions
Unless otherwise specified by the China Insurance Regulatory Commission, insurance brokerage institutions shall adopt the following organizational forms
Limited liability company
Joint stock company.
The registered capital of an insurance brokerage company shall not be less than RMB 10,000, and must be paid-in monetary capital.
. The name of an insurance brokerage institution shall include the word "insurance broker" and the name shall not be the same as that of an existing insurance intermediary institution, unless otherwise specified by the China Insurance Regulatory Commission.
Insurance brokerage institutions may operate the following insurance brokerage businesses
Formulate insurance plans for policyholders, select insurance companies and handle insurance procedures
Assist the insured or beneficiary in making claims
Reinsurance Brokerage business
Providing clients with disaster prevention, loss prevention or risk assessment and risk management consulting services
Other businesses approved by the China Insurance Regulatory Commission.
To apply for the establishment of an insurance brokerage company, all shareholders and all promoters shall designate representatives or jointly entrust agents to seek instructions from the Shenzhen Insurance Regulatory Bureau on matters concerning the establishment application.
If Hong Kong, Macao, Taiwan and foreigners invest in insurance brokerage institutions, if their shares reach or exceed %, they are not within the scope of acceptance by the Shenzhen Insurance Regulatory Bureau, and they need to submit an establishment application directly to the China Insurance Regulatory Commission.
Applicants should go to the industrial and commercial administration department for industrial and commercial registration in accordance with relevant regulations. After receiving the business license, they should promptly apply for an insurance brokerage business license from the Shenzhen Insurance Regulatory Bureau. It is prohibited to carry out insurance brokerage-related business without obtaining a license.