Except for financial institutions approved by the China Insurance Regulatory Commission, if a single investor (including related parties) invests in an insurance company, its shares shall not exceed 20% of the total share capital of the same insurance company. The capital invested by investors in insurance companies should be their own capital, and investors are prohibited from investing in insurance companies with bank loans or other forms of non-owned funds.

legal ground

Article 1 of insurance law

This Law is formulated for the purpose of regulating insurance activities, protecting the legitimate rights and interests of the parties involved in insurance activities, strengthening the supervision and management of the insurance industry, maintaining social and economic order and social public interests, and promoting the healthy development of the insurance industry.

second

The term "insurance" as mentioned in this Law refers to the commercial insurance behavior in which the applicant pays the insurance premium to the insurer according to the contract, and when the insured dies, suffers from disability, illness or reaches the age and time limit agreed in the contract, the insurer shall be liable for the property losses caused by the possible accidents agreed in the contract.

essay

This Law is applicable to insurance activities in People's Republic of China (PRC).

Article 4

Engaged in insurance activities must abide by laws and administrative regulations, respect social morality, and shall not harm the public interests.