Legal analysis: According to the requirement in Article 3 of the new regulations that "the insurance company's capital margin account shall be specially marked in the system, and the overall restrictions on freezing and deducting shall be set in the relevant platforms and systems such as the relevant network inspection and control platform and the electronic private line information transmission system", it can be seen that banks should set overall restrictions on the online freezing and deducting of funds in the insurance company's capital margin account. Because the online freezing and deduction of funds in the insurance company's capital deposit account is set as a whole, the competent authority cannot freeze and deduct funds in the insurance company's capital deposit account through online channels such as online inspection and control platform, which means that the bank refuses to allow the competent authority to freeze and deduct funds in the insurance company's capital deposit account online.

Legal basis: Article 97 of the Insurance Law of People's Republic of China (PRC), an insurance company shall withdraw 20% of its total registered capital and deposit it in a bank designated by the insurance supervision and administration institution of the State Council, which shall not be used except for paying off debts during the liquidation period of the company.