Insurance Brokerage

       According to China's"Regulations on the Administration of Insurance Agents(Trial)",insurance agents are divided into professional agents,part-time agents and personal agents.Among them,professional insurance agents refer to insurance broker companies specializing in insurance broker business.Among insurance agents,only they have independent legal personality.Concurrent insurance agent refers to the unit entrusted by the insurer to appoint special equipment personnel to handle insurance business for the insurer,mainly in the form of industry concurrent agent,enterprise concurrent agent,financial institution concurrent agent,mass organization concurrent agent,etc.Personal agent refers to an individual who,according to the authorization of the insurer,handles insurance business within the scope authorized by the insurer and collects agency fees from the insurer.Personal agents have flexible business practices and are widely adopted by many life insurance companies.According to the Insurance Law of the People's Republic of China and the Regulations on the Administration of Insurance Agents(for Trial Implementation),engaging in insurance broker business must hold the Insurance Agent Qualification Certificate issued by the national insurance regulatory authority,sign an agent company with an insurance company,and engage in insurance broker activities only after obtaining the insurance agent certificate.The state has stipulated the conditions for the three different types of insurance agents mentioned above.

       Insurance agents have different business scope due to different types.The business scope of an insurance broker company is to promote insurance products as an agent,collect premiums as an agent,assist the insurance company in surveying and settling claims for losses,etc.The business scope of a part-time insurance agent is to promote insurance products as an agent,collect premiums as an agent,The business scope of a personal agent is:the personal agent of a property insurance company can only represent family property insurance,personal owned transportation insurance,and third-party liability insurance.The personal agent of a life insurance company can act as an agent for personal life insurance,personal life insurance,personal accident insurance,and personal health insurance.