CIRC & CBRC Tightened Control over Bancassurance Services |
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| The China Insurance Regulatory Commission (CIRC) and the China Banking
Regulatory Commission (CBRC) stipulated, in a circular on January 13, 2010, that
each business departments of commercial banks with bancassurance services must
acquire the Bancassurance Service License and be authorized by the legal person
prior to providing such services.
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