China: Exposure draft on new regulations for insurance portfolio transfers

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By Michael Daly, Pang-Hsiang Chye, Paul Sinnott, Wing F. Wong | 04 April 2011

On 22 March 2011, the China Insurance Regulatory Commission released an exposure draft entitled "Tentative Administrative Measures on Insurance Portfolio Transfers by Insurance Companies." The draft measures apply to transfers of insurance portfolios by insurance companies that are not dissolved, bankrupt, or insolvent. The exposure draft was released for public comment until 11 April 2011.

This e-alert describes the key aspects of the draft and includes a brief analysis on possible business implications.