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What is Jinghuibao?
Legal basis: People's Republic of China (PRC) Insurance Law.
Article 4 Insurance activities must abide by laws and administrative regulations, respect social morality, and may not harm public interests.
Article 5 The parties to insurance activities shall exercise their rights and perform their obligations in accordance with the principle of good faith.
Article 6 Insurance business shall be operated by insurance companies established in accordance with this Law and other insurance organizations stipulated by laws and administrative regulations. No other unit or individual may engage in insurance business.
Article 7 Where legal persons and other organizations in People's Republic of China (PRC) need to apply for domestic insurance, they shall apply for insurance with insurance companies in People's Republic of China (PRC).
Article 8 Insurance, banking, securities and trust industries shall be operated and managed separately, and insurance companies shall be established separately from banks, securities and trust institutions. Unless otherwise stipulated by the state.
Article 9 the State Council insurance supervision and administration institutions shall supervise and administer the insurance industry according to law.
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