Strengthening Agency Management And Standardizing Marketing Team Management

According to Xinhua news agency, Beijing, September, 27, the China Insurance Regulatory Commission announced on 27 that the CIRC has recently issued a circular on life insurance companies, pension insurance companies and health insurance companies to strengthen the management of insurance intermediary business and prevent insurance fraud. It requires all insurance companies to strengthen their internal control and strengthen the management of agency channels.

According to the notice, the CIRC recently found that due to the poor internal management of the insurance company, some insurance agencies failed to obtain the insurance materials and important documents from the insurance companies without the insurance company's permission after the termination of the agency contract, which seriously undermines the legitimate rights and interests of the insured and the insured and disturbs the order of the insurance market.

The notice emphasizes that insurance companies must strengthen the management of agency channels. When entrusting insurance agency agencies to do business, they should choose an institution with sound internal control and good reputation, not to entrust an illegal insurance agency, nor to conduct business in a disguised form beyond the scope of the agency.

To establish a trust relationship, a written contract should be signed to clarify the relationship between rights and obligations of both parties.

The China Insurance Regulatory Commission announced on the 27 day that it issued the notice on regulating the management of insurance marketing team a few days ago, requiring all insurance companies, insurance brokers and insurance agents to improve the insurance marketing team management system and standardize the increase of staff management.

The notice pointed out that the above companies should sign written consignment agreements with every recruited insurance marketer.

The company's management system should be clear that insurance salesmen can only do business, do not increase staff and manage insurance marketing team, and do not have discriminatory provisions in the payment system.

The notice emphasizes that the company should not exaggerate misleading the commission income or fee income, nor publish advertisements that publicize the commission or fee of insurance salesmen. It is not necessary to purchase insurance products and pay the fees into the insurance company as a necessary condition for insurance salesmen.

Those who purchase insurance products voluntarily by the additional staff shall enjoy the relevant rights of the insured and the insured in accordance with the law, including the right to know, the withdrawal within the time of hesitation, the alteration or cancellation of the insurance contract and so on.