In addition to a "Business License", insurance companies (including branches) also need to apply for an "Insurance Business License". At present, the tax registration certificate and organization code certificate have been integrated into the business license, and there is no need to apply for them separately.

Article 70 of the "Insurance Law of the People's Republic of China" stipulates that when applying for the establishment of an insurance company, a written application must be submitted to the Insurance Regulatory Authority of the State Council and the following materials should be submitted:

(1) Application for establishment, which shall state the name, registered capital, business scope, etc. of the insurance company to be established;

(2) Feasibility study report;

(3) Preparatory plan;

(4) The investor’s business license or other background information, and the financial accounting report of the previous year audited by an accounting firm;

(5) Investment The list of the person in charge of the preparatory team and the proposed chairman and managers, as well as their personal approval certificates;

(6) Other materials specified by the Insurance Regulatory Authority of the State Council.

Article 73 stipulates that the Insurance Regulatory Authority of the State Council shall make a decision on whether to approve or disapprove the business opening within 60 days from the date of accepting the application for business opening. If it decides to approve, an insurance business license shall be issued; if it decides not to approve, the applicant shall be notified in writing and the reasons shall be explained.

When banks and insurance companies cooperate, the bank should obtain the above documents from the insurance company.

Extended information:

"Insurance Law of the People's Republic of China"

Article 68 The establishment of an insurance company shall meet the following conditions:

(1) The major shareholders have sustained profitability and good reputation, have no records of major violations of laws and regulations in the past three years, and have net assets of not less than RMB 200 million;

(2) Have compliance with this Law and the articles of association stipulated in the "Company Law of the People's Republic of China";

(3) Have registered capital that complies with the provisions of this law;

(4) Have professional knowledge for the job Directors, supervisors and senior managers with business work experience;

(5) Have a sound organizational structure and management system;

(6) Have a business place that meets the requirements and a Other facilities related to business operations;

(7) Other conditions stipulated by laws, administrative regulations and the Insurance Regulatory Authority of the State Council.

Article 69 When establishing an insurance company, the minimum registered capital shall be RMB 200 million.

Baidu Encyclopedia - Insurance Law of the People's Republic of China and the People's Republic of China