第八十二条 保险公司的组织机构，适用公司法的规定。 Article 82 The provisions of the Company Law of the PRC shall apply to the organizational structure of an insurance company. 第八十三条 国有独资保险公司设立监事会。监事会由金融监督管理部门、第八十二条 保险公司的组织机构，适用公司法的规定。
Article 82 The provisions of the Company Law of the PRC shall apply to the organizational structure of an insurance company.
第八十三条 国有独资保险公司设立监事会。监事会由金融监督管理部门、有关专家和保险公司工作人员的代表组成，对国有独资保险公司提取各项准备金、最低偿付能力和国有资产保值增值等情况以及高级管理人员违反法律、行政法规或者章程的行为和损害公司利益的行为进行监督。
Article 83 A solely state-owned insurance company shall have a Board of Supervisors, which comprises of representatives from the financial supervision and regulation department, relevant experts, and employees of the insurance company. The Board of Supervisors shall exercise supervision with respect to the allocation of technical reserves, the minimum solvency margin and the maintenance and increase of state owned assets as well as monitor its senior management in respect of violations of laws, the administration regulations or the Articles of Association and acts considered detrimental to the company's interest.
第八十四条 保险公司因分立、合并或者公司章程规定的解散事由出现，经金融监督管理部门批准后解散。保险公司应当依法成立清算组，进行清算。
Article 84 In the event of division, merger, or any cause for dissolution in accordance with the Articles of Association, such dissolution attaches only upon the approval of the financial supervision and regulation department. In accordance with laws, the insurance company shall form a liquidation task force to carry out the liquidation.
经营有人寿保险业务的保险公司，除分立、合并外，不得解散。
Those insurance companies engaged in life insurance business shall not be dissolved, only divided or merged.
第八十五条 保险公司违反法律、行政法规，被金融监督管理部门吊销经营保险业务许可证的，依法撤销。由金融监督管理部门依法及时组织清算组，进行清算。
Article 85 An insurance company shall be dissolved in the event that its insurance license is revoked by the financial supervision and regulation department due to the violation of laws, or administrative regulations. The financial supervision and regulation department shall promptly appoint a liquidation task force to carry out the liquidation procedures.
第八十六条 保险公司不能支付到期债务，经金融监督管理部门同意，由人民法院依法宣告破产。保险公司被宣告破产的，由人民法院组织金融监督管理部门等有关部门和有关人员成立清算组，进行清算。
Article 86 When an insurance company is unable to pay its debts when due and with the approval of the financial supervision and regulation department, the insurance company can be declared bankrupt by the People's Court in accordance with laws. In the event that an insurance company is declared bankrupt, the People's Court shall appoint a liquidation task force which is composed of members from the financial supervision and regulation department and other relevant personnel to carry out the liquidation.
第八十七条 经营有人寿保险业务的保险公司被依法撤销的或者被依法宣告破产的，其持有的人寿保险合同及准备金，必须转移给其他经营有人寿保险业务的保险公司；不能同其他保险公司达成转让协议的，由金融监督管理部门指定经营有人寿保险业务的保险公司接受。
Article 87 When an insurance company engaged in life insurance business is revoked or declared bankrupt in accordance with laws, it shall transfer all of its life insurance contracts and technical reserves to other insurance companies engaged in life insurance business; if no agreement can be reached with respect to such transfer with other insurance companies, the financial supervision and regulation department shall designate insurance companies engaged in life insurance business to take them over.
第八十八条 保险公司依法破产的，破产财产优先支付其破产费用后，按照下列顺序清偿：
Article 88 When an insurance company is declared bankrupt in accordance with laws, the estate of the bankrupt insurer, after paying off the expenses of bankruptcy proceedings, shall be distributed in the following order:
（一）所欠职工工资和劳动保险费用；
wages, salaries and social insurance benefits due to its employees;
（二）赔偿或者给付保险金；indemnity or payment of the insurance benefits;
（三）所欠税款；taxes and duties due; and
（四）清偿公司债务。servicing of the company debts.
破产财产不足清偿同一顺序清偿要求的，按照比例分配。
Where the estate is insufficient to cover all the claims within the same priority , then settlement shall be made on a pro-rata basis within that priority.
第八十九条 保险公司依法终止其业务活动，应当注销其经营保险业务许可证。
Article 89 When an insurance company ceases its business operation in accordance with laws, its insurance license shall be revoked.
第九十条 保险公司的设立、变更、解散和清算事项，本法未作规定的，适用公司法和其他有关法律、行政法规的规定。
Article 90 In the absence of provisions of this Law, the Company Law and other laws and administrative regulations shall be applied to such matters as the establishment of, changes to, dissolution and liquidation of an insurance company.
第四章 保险经营规则Insurance Operation Rules
第九十一条 保险公司的业务范围：
Article 91 The scope of the business of an insurance company shall be as follows:
（一）财产保险业务，包括财产损失保险、责任保险、信用保险等保险业务；
Property insurance business which includes insurance against loss or damage to property, liability insurance and credit insurance; or
（二）人身保险业务，包括人寿保险、健康保险、意外伤害保险等保险业务；
Insurance of persons business which includes life insurance, health insurance and accident and injury insurance.
同一保险人不得同时兼营财产保险业务和人身保险业务。
An insurer shall not concurrently engage in business of both property insurance and insurance of persons.
保险公司的业务范围由金融监督管理部门核定。保险公司只能在被核定的业务范围内从事保险经营活动。
The scope of the business of an insurance company is subject to the approval of the financial supervision and regulation department. An insurance company shall only operate its insurance business within the scope of business approved.
本法施行前已设立的保险公司，按照第二款实行分业经营的办法，由国务院规定。
Insurance companies which were established prior to the enactment of this Law shall divide their operations in accordance with the second paragraph of this Article in accordance with the stipulations of the State Council.
第九十二条 经金融监督管理部门核定，保险公司可以经营前条规定的保险业务的下列再保险业务：
Article 92 With the approval of the financial supervision and regulation department, an insurance company may engage in the following reinsurance business of the insurance business prescribed in the preceding article:
（一）分出保险；Outward reinsurance; and/or
（二）分入保险。Inward reinsurance.
第九十三条 除人寿保险业务外，经营其他保险业务，应当从当年自留保险费中提取未到期责任准备金；提取和结转的数额，应当相当于当年自留保险费的百分之五十。
Article 93 Insurance companies engaged in insurance business other than life insurance, shall set aside a reserve for future claims from its premiums retained for the current year; and the amount set aside and carried forward shall be equal to fifty percent (50%) of the premiums retained for the current year.
经营有人寿保险业务的保险公司，应当按照有效的人寿保险单的全部净值提取未到期责任准备金。
An insurance company engaged in life insurance shall set aside a reserve for future claims equal to the total net value determined actuarially on the total life insurance policies in force.
第九十四条 保险公司应当按照已经提出的保险赔偿或者给付金额，以及已经发生保险事故但尚未提出的保险赔偿或者给付金额，提取未决赔款准备金。
Article 94 An insurance company shall set aside an outstanding loss reserve for the amount of insurance indemnity or the amount of the insurance benefits which have already been claimed, and for those amounts due for which the insured events have occurred, but which has not yet been claimed.
第九十五条 除依照前二条规定提取准备金外，保险公司应当依照有关法律、行政法规及国家财务会计制度的规定提取公积金。
Article 95 In addition to the reserve funds described in the preceding two articles, an insurance company shall set aside amounts into the accumulated reserve fund in accordance with the relevant State laws, administrative regulations and the stipulations of the State financial and accounting systems.
第九十六条 为了保障被保险人的利益，支持保险公司稳健经营，保险公司应当按照金融监督管理部门的规定提存保险保障基金。
Article 96 In order to protect the interests of the insured, and to ensure its own steady and healthy operation, an insurer shall contribute to an insurance guarantee fund in accordance with the regulations of the financial supervision and regulation department.
保险保障基金应当集中管理，统筹使用。
The management of the insurance guarantee fund will be centralized, and applied on an industry basis.
第九十七条 保险公司应当具有与其业务规模相适用的最低偿付能力。保险公司的实际资产减去实际负债的差额不得低于金融监督管理部门规定的数额；低于规定数额的，应当增加资本金，补足差额。
Article 97 An insurance company shall maintain a minimum solvency commensurate with the size of its business. The balance of its actual assets after deducting its actual liabilities shall be not less than the solvency margin stipulated by the financial supervision and regulation department. In the event that the balance is less than the solvency margin stipulated, its equity capital shall be replenished to make up the difference.
第九十八条 经营财产保险业务的保险公司当年自留保险费，不得超过其实有资本金加公积金总和的四倍。
Article 98 For those insurance companies engaged in property insurance business, the premiums retained for the current year shall not exceed more than four times the combined total of its paid-up capital and its accumulated reserve fund.
第九十九条 保险公司对每一危险单位，即对一次保险事故可能造成的最大损失范围所承担的责任，不得超过其实有资本金加公积金总和的百分之十；超过的部分，应当办理再保险。
Article 99 The liability borne by an insurance company for each risk unit, that is, the liability which might arise from the maximum loss or damage caused by the occurrence of a single insured event, shall not exceed ten (10) percent of the combined total of its paid-up capital and its accumulated reserve fund. Reinsurance shall be arranged for the portion in excess of this sum.
第一百条 保险公司对危险单位的计算办法和巨灾风险安排计划，应当报经金融监督管理部门核准。
Article 100 The method of calculation of a risk unit and the plan for managing the catastrophe risk of an insurance company shall be approved by the financial supervision and regulation department.
第一百零一条 除人寿保险业务外，保险公司应当将其承保的每笔保险业务的百分之二十按照国家有关规定办理再保险。
Article 101 With the exception of life insurance business, an insurance company shall reinsure twenty (20) percent of each insurance contract it underwrites in accordance with the relevant State regulations.
第一百零二条 保险公司需要办理再保险分出业务的，应当优先向中国境内的保险公司办理。
Article 102 Where an insurance company needs to place outward reinsurance business, it shall give priority to insurance companies established within the territory of the PRC.
第一百零三条 金融监督管理部门有权限制或者禁止保险公司向中国境外的保险公司办理再保险分出业务或者接受中国境外再保险分入业务。
Article 103 The financial supervision and regulation department shall have the authority to restrict or prohibit insurance companies from ceding any outward reinsurance business to insurance companies established without the territory of the PRC or from accepting any inward reinsurance business from insurance companies established without the territory of the PRC.
第一百零四条 保险公司的资金运用必须稳健，遵循安全性原则，并保证资产的保值增值。
Article 104 An insurance company shall apply its funds in a conservative, sound and safe manner and ensure that the value of its assets is maintained and increased.
保险公司的资金运用，限于在银行存款、买卖政府债券、金融债券和国务院规定的其他资金运用形式。
The application of funds of an insurance company is limited to bank deposits, trading of government and financial bonds and other forms of fund application stipulated by the State Council.
保险公司的资金不得用于设立证券经营机构和向企业投资。
The funds of an insurance company shall not be applied to the establishment of any entity to trade bonds or securities or investment in enterprises.
保险公司运用的资金和具体项目的资金占其资金总额的具体比例，由金融监督管理部门规定。
The specific fund application and the exact percentage of an insurance company's total fund allocated to each of them shall be stipulated by the financial supervision and regulation department.
第一百零五条 保险公司及其工作人员在保险业务活动中不得有下列行为：
Article 105 An insurance company and its employees shall not commit any of the following acts in the course of its business operation:
（一）欺骗投保人、被保险人或者受益人；
deceiving the applicant, the insured or the beneficiary;
（二）对投保人隐瞒与保险合同有关的重要情况；
concealing from the applicant material information relevant to the insurance contract;
（三）阻碍投保人履行本法规定的如实告知义务，或者诱导其不履行本法规定的如实告知义务；
preventing the applicant from fulfilling his/her obligation of making a full and accurate disclosure stipulated under this Law or inducing him/her not to fulfill such obligation; or
（四）承诺向投保人、被保险人或者受益人给予保险合同规定以外的保险费回扣或者其他利益。
promising the applicant, the insured or the beneficiary to give them premium rebates or other interests which are not specified in the insurance contract.
第五章 保险业的监督管理Insurance Supervision and Regulation
第一百零六条 商业保险的主要险种的基本保险条款和保险费率，由金融监督管理部门制订。
Article 106 The basic insurance clauses and premium rates for major types of commercial insurance shall be formulated by the financial supervision and regulation department.
保险公司拟订的其他险种的保险条款和保险费率，应当报金融监督管理部门备案。
The insurance clauses and premium rates for other types of insurance formulated by an insurance company shall be filed with the financial supervision and regulation department .
第一百零七条 金融监督管理部门有权检查保险公司的业务状况、财务状况及资金运用状况，有权要求保险公司在规定的期限内提供有关的书面报告和资料。
Article 107 The financial supervision and regulation department shall have the authority to inspect the operations of an insurance company, including its financial position and application of funds and shall have the authority to request an insurance company to submit relevant written reports and information within a prescribed period of time.
保险公司依法接受监督检查。
An insurance company shall accept supervision and inspection in accordance with laws.
第一百零八条 保险公司未按照本法规定提取或者结转各项准备金，或者未按照本法规定办理再保险，或者严重违反本法关于资金运用的规定的，由金融监督管理部门责令该保险公司采取下列措施限期改正：
Article 108 Where an insurance company fails to set aside or carry forward the various technical reserve funds, or transact reinsurance in accordance with this Law, or seriously violates the provisions of this Law governing the application of funds, then the financial supervision and regulation department shall direct the insurance company to take the following remedial actions within a prescribed period of time :
（一）依法提取或者结转各项准备金；
setting aside or carrying forward various technical reserve funds in accordance with laws;
（二）依法办理再保险；transacting reinsurance in accordance with laws;
（三）纠正违法运用资金的行为；correcting the illegal application of funds; or
（四）调整负责人及有关管理人员。
replacing its responsible senior management and relevant personnel involved.
第一百零九条 依照前条规定，金融监督管理部门作出限期改正的决定后，保险公司在限期内未予改正的，由金融监督管理部门决定选派保险专业人员和指定该保险公司的有关人员，组成整顿组织，对该保险公司进行整顿。
Article 109 In the event that an insurance company fails to correct the situation within the prescribed time, after it has been directed to do so by a decision of rectification of the financial supervision and regulation department in accordance with the preceding Article, the financial supervision and regulation department shall then select insurance professionals and appoint relevant personnel from the insurance company to form a rectification task force to carry out the rectification work of the said insurance company.
整顿决定应当载明被整顿保险公司的名称、整顿理由、整顿组织和整顿期限，并予以公告。
The decision of rectification shall be publicized and shall specify the name of the insurance company, the reason for rectification, the composition of the rectification task force responsible for carrying out the rectification work as well as the date by which the rectification is to be completed.
第一百一十条 整顿组织在整顿过程中，有权监督该保险公司的日常业务。该保险公司的负责人及有关管理人员，应当在整顿组织的监督下行使自己的职权。
Article 110 In the course of the rectification, the rectification task force shall have the authority to supervise the daily business operation of the said insurance company. The responsible senior management and relevant personnel involved of the insurance company shall perform their respective functions under the supervision of the rectification task force.
第一百一十一条 在整顿过程中，保险公司的原有业务继续进行，但是金融监督管理部门有权停止开展新的业务或者停止部分业务，调整资金运用。
Article 111 In the course of the rectification, the existing business of the insurance company may be continued. The financial supervision and regulation department shall, however, have the authority to prevent the insurance company from developing new business; or to suspend part of its business; or to modify its application of funds.
第一百一十二条 被整顿的保险公司经整顿已纠正其违反本法规定的行为，恢复正常经营状况的，由整顿组织提出报告，经金融监督管理部门批准，整顿结束。
Article 112 Where an insurance company under rectification has already corrected its act in violation of this Law and has resumed its normal business operations, the rectification shall cease after the submission of a report by the rectification task force and obtaining an approval by the financial supervision and regulation department.
第一百一十三条 保险公司违反本法规定，损害社会公共利益，可能严重危及或者已经危及保险公司的偿付能力的，金融监督管理部门可以对该保险公司实行接管。
Article 113 Where an insurance company violates the provisions of this Law and hinders the social public interest, by which it might seriously threaten or has already threatened its solvency, the financial supervision and regulation department may implement a take-over of the said insurance company.
接管的目的是对被接管的保险公司采取必要措施，以保护被保险人的利益，恢复保险公司的正常经营。被接管的保险公司的债权债务关系不因接管而变化。
The purpose of such a take-over is to adopt measures which are necessary to protect the interests of the insured and resume the normal operations of the insurance company. The relationship of the credits and debts of the insurance company taken over shall not change as a result of the take-over.
第一百一十四条 接管组织的组成和接管的实施办法，由金融监督管理部门决定，并予公告。
Article 114 The composition of the take-over task force and the take-over procedures shall be determined and publicized by the financial supervision and regulation department.
第一百一十五条 接管期限届满，金融监督管理部门可以决定延期，但接管期限最长不得超过二年。
Article 115 When the term of the take-over expires, the financial supervision and regulation department may determine to extend it. However, the maximum term of the take-over may not exceed two (2) years.
第一百一十六条 接管期限届满，被接管的保险公司已恢复正常经营能力的，金融监督管理部门可以决定接管终止。
Article 116 When the term of the take-over expires and the insurance company has resumed its normal operational capacity, then the financial supervision and regulation department may determine to terminate the take-over.
接管组织认为被接管的保险公司的财产已不足以清偿所负债务的，经金融监督管理部门批准，依法向人民法院申请宣告该保险公司破产。
If the takeover task force is of the opinion that the assets of the insurance company which has been taken over are no longer sufficient to meet its liabilities, then the take-over task force may, with the approval of the financial supervision and regulation department, apply to the People's Court to have the said insurance company declared bankrupt in accordance with laws.
第一百一十七条 保险公司应当于每一会计年度终了后三个月内，将上一年度的营业报告、财务会计报告及有关报表报送金融监督管理部门，并依法公布。
Article 117 An insurance company shall submit its business reports, financial and accounting reports and related statements for the preceding year to the financial supervision and regulation department within three (3) months after the end of each fiscal year, and publicize such reports and statements in accordance with laws.
第一百一十八条 保险公司应当于每月月底前将上一月的营业统计的报表报送金融监督管理部门。
Article 118 An insurance company shall submit to the financial supervision and regulation department its business statistics statements for the preceding month by the end of each month.
第一百一十九条 经营人身保险业务的保险公司，必须聘用经金融监督管理部门认可的精算专业人员，建立精算报告制度。
Article 119 Insurance companies engaging in insurance of persons must appoint and employ actuarial professionals recognized by the financial supervision and regulation department and establish an actuarial reporting system.
第一百二十条 保险人和被保险人可以聘请依法设立的独立的评估机构或者具有法定资格的专家，对保险事故进行评估和鉴定。
Article 120 The insurer and the insured may employ independent loss adjusting companies established in accordance with laws or experts having statutory qualifications, to carry out adjustments and assessments of losses and damages resulting from the occurrence of insured events.
第一百二十一条 保险公司应当妥善保管有关业务经营活动的完整帐簿、原始凭证及有关资料。
Article 121 Insurance companies shall maintain complete accounting records, original vouchers and certificates as well as relevant information with respect to their business operations.
前款规定的帐簿、原始凭证及有关资料的保管期限，自保险合同终止之日起计算，不得少于十年。
The accounting records, original vouchers and certificates as well as other relevant information prescribed in the preceding paragraph should be maintained for not less than ten (10) years beginning from the date of the termination of the contract.
第六章 保险代理人和保险经纪人Insurance Agents and Insurance Brokers
第一百二十二条 保险代理人是根据保险人的委托，向保险人收取代理手续费，并在保险人授权的范围内代为办理保险业务的单位或者个人。
Article 122 An insurance agent means an entity or an individual, that has been delegated by an insurer and collects handling fees therefrom, to transact insurance business on behalf of the insurance company within the scope of the delegated authority.
第一百二十三条 保险经纪人是基于投保人的利益，为投保人与保险人订立保险合同提供中介服务，并依法收取佣金的单位。
Article 123 An insurance broker means an entity which, based on the interests of the applicant, provides intermediary services between the applicant and the insurer so that they enter into an insurance contract and receives a commission in accordance with laws.
第一百二十四条 保险代理人根据保险人的授权代为办理保险业务的行为，由保险人承担责任。
Article 124 The insurer shall be held liable for the acts of its insurance agents when they transact insurance business on behalf of the insurance company in accordance with their delegated authority.
经营人寿保险代理业务的保险代理人，不得同时接受两个以上保险人的委托。
Agents of insurance companies engaged in insurance of persons shall not accept delegation from more than one insurer concurrently.
第一百二十五条 因保险经纪人在办理保险业务中的过错，给投保人、被保险人造成损失的，由保险经纪人承担赔偿责任。
Article 125 An insurance broker shall be liable for damages or losses caused to the applicant or the insured due to the negligence of the insurance broker in the course of transacting insurance business.
第一百二十六条 保险代理人、保险经纪人办理保险业务时，不得利用行政权力、职务或者职业便利以及其他不正当手段强迫、引诱或者限制投保人订立保险合同。
Article 126 An insurance agent, or an insurance broker shall not take advantage of his/her administrative role, the privilege of the position or the authority or other unfair means to coerce, induce or restrict insurance applicants to enter into an insurance contract.
第一百二十七条 保险代理人、保险经纪人应当具备金融监督管理部门规定的资格条件，并取得金融监督管理部门颁发的经营保险代理业务许可证或者经纪业务许可证，向工商行政管理机关办理登记，领取营业执照，并缴存保证金或者投保职业责任保险。
Article 127 An insurance agent or an insurance broker shall meet the qualification requirements set forth by the financial supervision and regulation department and shall obtain an insurance agent license or an insurance broker license issued by the financial supervision and regulation department; shall register with the authority of industry and commerce administration to obtain a business license and shall pay a guarantee deposit or buy a professional indemnity insurance policy.
第一百二十八条 保险代理人、保险经纪人应当有自己的经营场所，设立专门帐簿记载保险代理业务或者经纪业务的收支情况，并接受金融监督管理部门的监督。
Article 128 An insurance agent or an insurance broker shall have his/her own business premises, maintain separate accounting records solely for recording revenues and expenses in connection with the transactions they handle and shall be subject to the supervision of the financial supervision and regulation department.
第一百二十九条 保险公司应当设立本公司保险代理人登记簿。
Article 129 An insurance company shall establish a registration book of their insurance agents.
第一百三十条 本法第一百零五条、第一百零七条、第一百一十七条的规定，适用于保险代理人和保险经纪人。
Article 130 The provisions of Article 105, 107 and 117 of this Law shall apply to insurance agents and insurance brokers.
第一百三十一条 投保人、被保险人或者受益人有下列行为之一，进行保险欺诈活动，构成犯罪的，依法追究刑事责任：
Article 131 An applicant, an insured or a beneficiary, who commits insurance fraud by conducting any of the following acts which constitutes a crime, shall be subject to criminal proceedings in accordance with laws:
（一）投保人故意虚构保险标的，骗取保险金的；
the applicant deliberately falsifying the subject matter of the insurance, whereupon an insurance claim is fraudulently made;
（二）未发生保险事故而谎称发生保险事故，骗取保险金的；
falsely alleging the occurrence of an insured event which in fact has not occurred, whereupon an insurance claim is fraudulently made;
（三）故意造成财产损失的保险事故，骗取保险金的；
deliberately causing the occurrence of an insured event which leads to property damage, whereupon an insurance claim is fraudulently made;
（四）故意造成被保险人死亡、伤残或者疾病等人身保险事故，骗取保险金的；
deliberately causing the occurrence of an insured event in the insurance of persons, which leads to the death, injury or illness of the insured, whereupon an insurance claim is fraudulently made; or
（五）伪造、变造与保险事故有关的证明、资料和其他证据，或者指使、唆使、收买他人提供虚假证明、资料或者其他证据，编造虚假的事故原因或者夸大损失程度，骗取保险金的。
forging or altering evidence, information and other proof, which are related to the insured event, or abetting, instigating or bribing others to provide false evidence, information or other proofs, fabricating the cause of the insured event or overstating the extent of loss, whereupon an insurance claim is fraudulently made.
有前款所列行为之一，情节轻微，不构成犯罪的，依照国家有关规定给予行政处罚。
Administrative sanctions shall be imposed, in accordance with the relevant stipulations of the State, if any of the conducts prescribed in the preceding paragraph does not constitute a crime.
第一百三十二条 保险公司及其他工作人员在保险业务中隐瞒与保险合同有关的重要情况，欺骗投保人、被保险人或者受益人，或者拒不履行保险合同约定的赔偿或者给付保险金的义务，构成犯罪的，依法追究刑事责任；不构成犯罪的，由金融监督管理部门对保险公司处以一万元以上五万元以下的罚款；对有违法行为的工作人员，给予处分，并处以一万元以下的罚款。
Article 132 In the course of transacting insurance, an insurance company or its personnel which conceals material information with respect to the insurance contract, which deceives the applicant, the insured or the beneficiary, or which declines to fulfill its obligation of indemnity or payment of the insurance benefits in accordance with the contract, is subject to criminal proceedings in accordance with laws if the circumstances constitute a crime. If the circumstances do not constitute a crime, the insurance company is subject to the assessment of a fine imposed by the financial supervision and regulation department of not less than Renminbi ten thousand yuan (RMB 10,000), nor more than fifty thousand yuan (RMB 50,000); personnel who are in violation of laws shall be subject to administrative sanctions, and a fine of up to Renminbi ten thousand yuan (RMB 10,000).
保险公司及其工作人员阻碍投保人履行如实告知义务，或者诱导其不履行如实告知义务的，或者承诺向投保人、被保险人或者受益人给予非法的保险费回扣或者其他利益的，由金融监督管理部门责令改正，对保险公司处以一万元以上五万元以下的罚款；对有违法行为的工作人员，给予处分，并处以一万元以下的罚款。
In the course of transacting insurance, an insurance company or its personnel who prevents the applicant from fulfilling his/her obligation of making a full and accurate disclosure, induces the applicant not to fulfill his/her obligation of making a full and accurate disclosure, or promises to give illegal premium rebates or other interests to the applicant, the insured or the beneficiary, shall be subject to the direction of the financial supervision and regulation department to correct the conduct, and the insurance company shall be subject to a fine of not less than Renminbi ten thousand yuan (RMB 10,000), nor more than Renminbi fifty thousand yuan (RMB 50,000); the personnel who are in violation of laws shall be subject to administrative sanctions and a fine of up to Renminbi ten thousand yuan (RMB 10,000).
第一百三十三条 保险代理人或者保险经纪人在其业务中欺骗投保人、被保险人或者受益人的，由金融监督管理部门责令改正，并处以一万元以上五万元以下的罚款；情节严重的，吊销经营保险代理业务许可证或者经纪业务许可证。构成犯罪的，依法追究刑事责任。
Article 133 If in the course of transacting insurance business, an insurance agent or an insurance broker deceives the applicant, the insured or the beneficiary, then the financial supervision and regulation department may direct the matter to be corrected and impose a fine of not less than Renminbi ten thousand yuan (RMB 10,000), nor more than fifty thousand yuan (RMB 50,000). If the conduct is considered to be severe, the insurance agent license or the insurance broker license shall be revoked. If the conduct constitutes a crime, the offender shall be subject to the criminal proceedings in accordance with laws.
第一百三十四条 保险公司的工作人员利用职务上的便利，故意编造未曾发生的保险事故进行虚假理赔，骗取保险金的，依法追究刑事责任。
Article 134 Personnel of an insurance company shall be subject to criminal proceedings in accordance with laws, if he/she takes the advantage of his/her position, or deliberately falsifies the occurrence of an insured event which did not occur, or makes false settlement of a claim for the purpose of receiving a fraudulent payment.
第一百三十五条 违反本法规定，擅自设立保险公司或者非法从事商业保险业务活动的，依法追究刑事责任，并由金融监督管理部门予以取缔。情节轻微，不构成犯罪的，给予行政处罚。
Article 135 Anyone who violates the provisions of this Law and establishes an insurance company without approval, or illegally transacts commercial insurance activities, shall be subject to criminal proceedings in accordance with laws, and the action by the financial supervision and regulation department. If the circumstances are not material enough to constitute a crime, administrative sanctions shall be imposed.
第一百三十六条 违反本法规定，超出核定的业务范围从事保险业务的，由金融监督管理部门责令改正，责令退还收取的保险费，有违法所得的，没收违法所得，并处以违法所得一倍以上五倍以下的罚款；没有违法所得的，处以十万元以上五十万元以下的罚款；逾期不改正或者造成严重后果的，责令停业整顿或者吊销经营保险业务许可证。
Article 136 Anyone who violates the provisions of this Law, and transacts insurance business beyond the scope of business approved, shall be subject to the direction of the financial supervision and regulation department to correct the conduct and return the premiums collected; if there are any illegal gains derived therefrom, they shall be confiscated, and a fine shall be imposed of not less than one, nor more than five times the illegal gains; in the event that there are no illegal gains, he/she will be subject to a fine of not less than Renminbi one hundred thousand yuan (RMB 100,000) nor more than Renminbi five hundred thousand yuan (RMB 500,000). In the event that the company fails to carry out the required correction within a prescribed period of time or where severe circumstances result, the financial supervision and regulation department shall direct that all operations shall cease and shall be corrected, or the company's insurance business license shall be revoked.
第一百三十七条 违反本法规定，未经批准，擅自变更保险公司的名称、章程、注册资本、公司或者分支机构的营业场所等事项的，由金融监督管理部门责令改正，并处以一万元以上十万元以下的罚款。
Article 137 Anyone who violates the provisions of this Law and changes the information and details such as the name of the insurance company, Articles of Association, registered capital, business premises of the insurance company or its branches without approval, shall be subject to the direction of the financial supervision and regulation department for correction and a fine of not less than Renminbi ten thousand yuan (RMB 10,000), nor more than Renminbi one hundred thousand yuan (RMB 100,000).
第一百三十八条 违反本法规定，有下列行为之一的，由金融监督管理部门责令改正，并处以五万元以上三十万元以下的罚款；情节严重的，可以限制业务范围、责令停止接受新业务或者吊销经营保险业务许可证：
Article 138 Anyone who violates the provisions of this Law, and commits any of the following acts, shall be subject to the direction of the financial supervision and regulation department for correction and a fine of not less than Renminbi fifty thousand yuan (RMB 50,000) nor more than Renminbi three hundred thousand yuan (RMB 300,000); where the circumstances are severe, the financial supervision and regulation department may restrict the scope of business, direct the company to cease accepting new business or revoke the insurance business license:
（一）未按照规定提存保证金或者违反规定动用保证金的；
failing to set up a guarantee fund or violating the stipulations regarding the application of the guarantee fund;
（二）未按照规定提取或者结转未到期责任准备金或者未按照规定提取未决赔款准备金的；
failing to set aside or carry forward a reserve for future claims, or set aside an outstanding loss reserve, as required;
（三）未按照规定提取保险保障基金、公积金的；
failing to contribute to the insurance guarantee fund or the accumulated reserve fund as required;
（四）未按照规定办理再保险分出业务的；failing to effect outward reinsurance as required;
（五）违反规定运用保险公司资金的；
violating the regulations governing the application of the funds of the insurance company;
（六）未经批准设立分支机构或者代表机构的；
establishing branches or representative offices without approval; or
（七）未经批准分立、合并的。
carrying out a division or a merger of the company without approval.
第一百三十九条 违反本法规定，有下列行为之一的，由金融监督管理部门责令改正，逾期不改正的，处以一万元以上十万元以下的罚款：
Article 139 Anyone who violates of the provisions of this Law and commits either of the following acts, shall be subject to the direction of the financial supervision and regulation department to correct the breach, and a fine of not less than Renminbi ten thousand yuan (RMB 10,000), nor more than Renminbi one hundred thousand yuan (RMB 100,000) if he/she fails to correct the breach within a prescribed period of time:
（一）未按照规定报送有关报告、报表、文件和资料的；
failing to submit relevant reports, statements, documents and information in accordance with laws or the regulations; or
（二）未按照规定将拟定险种的保险条款和保险费率报送备案的。
failing to file the insurance clauses and premium rates for its proposed insurance products as required.
第一百四十条 违反本法规定，有下列行为之一的，由金融监督管理部门责令改正，处以十万元以上五十万元以下的罚款：
Article 140 Anyone who violates the provisions of this Law, and commits either of the following acts, shall be subject to the direction of the financial supervision and regulation department for correction, and a fine of not less than Renminbi one hundred thousand yuan (RMB 100,000) nor more than Renminbi five hundred thousand yuan (RMB 500,000):
（一）提供虚假的报告、报表、文件和资料的；
submitting false reports, statements, documents and information; or
（二）拒绝或者妨碍依法检查监督的。
refusing to accept or hindering lawful examination and supervision.
第一百四十一条 违反本法规定，有下列行为之一的，由金融监督管理部门责令改正，处以五万元以上三十万元以下的罚款：
Article 141 Anyone who violates the provisions of this Law, and commits any of the following acts, shall be subject to the direction of the financial supervision and regulation department to correct the breach, and a fine of not less than Renminbi fifty thousand yuan (RMB 50,000), nor more than Renminbi three hundred thousand yuan (RMB 300,000):
（一）超额承保，情节严重的；
retaining for its own account excessive insurance exposures which is regarded as having committed a serious breach; or
（二）为无民事行为能力人承保以死亡为给付保险金条件的保险的。
undertaking to provide life insurance where death is the prerequisite for the payment of the insurance benefits, for those who have no civil legal capacity.
第一百四十二条 违反本法规定，未取得经营保险代理业务许可证或者经纪业务许可证，非法从事保险代理业务或者经纪业务活动的，由金融监督管理部门予以取缔，没收违法所得，处以违法所得五倍以上十倍以下的罚款。构成犯罪的，依法追究刑事责任。
Article 142 Anyone who violates the provisions of this Law, and illegally transacts insurance agent business or insurance brokerage business without an insurance agent license or insurance broker license, shall be subject to action by the financial supervision and regulation department, and forfeiture of illegal gains, and a fine of not less than five, nor more than ten times as much as the illegal gains. In the event that such offenses are serious enough to constitute a crime, the person shall be subject to criminal proceedings in accordance with laws.
第一百四十三条 对违反本法规定尚未构成犯罪的行为负有直接责任的保险公司高级管理人员和其他直接责任人员，金融监督管理部门可以区别不同情况予以警告，责令予以撤换，处以五千元以上三万元以下的罚款。
Article 143 The financial supervision and regulation department may, in accordance with relevant circumstances, issue warnings to, direct a replacement of or impose a fine of not less than Renminbi five thousand (RMB 5,000) yuan, nor more than Renminbi fifty thousand (RMB 50,000) yuan on the senior management of an insurance company who are directly responsible for, as well as the personnel directly involved in the offense that is not in compliance with the provisions of this Law, but which does not constitute a crime.
第一百四十四条 违反本法规定，给他人造成损害的，应当依法承担民事责任。
Article 144 Anyone who violates this Law and causes damage or loss to others, shall be subject to civil proceedings in accordance with laws.
第一百四十五条 对不符合本法规定条件的设立保险公司的申请予以批准的，或者对不符合保险代理人、保险经纪人条件的申请予以批准的，给予行政处分；情节严重，构成犯罪的，依法追究刑事责任。
Article 145 Administrative sanctions will be imposed upon anyone who approves the application for the establishment of an insurance company which is not in compliance with the stipulated requirements of this Law, or who approves the application of insurance agents or insurance brokers which is not in compliance with the stipulated requirements of this Law. In the event that such acts are serious enough to constitute a crime, the person shall be subject to criminal proceedings in accordance with laws.
第一百四十六条 金融监督管理部门工作人员在对保险业的监督管理工作中滥用职权、徇私舞弊、玩忽职守，构成犯罪的，依法追究刑事责任；不构成犯罪的，给予行政处分。
Article 146 Anyone in the financial supervision and regulation department, in supervising and regulating power over the insurance industry, who abuses his/her administrative power, gets involved in economic corruption or is derelict in his/her duty, practices favoritism for personal interests or neglects his duty, shall be subject to criminal proceedings if the conduct is serious enough to constitute a crime; or shall be subject to administrative sanctions if the conduct does not constitute a crime.
第八章 附则Supplementary Provisions
第一百四十七条 海上保险适用海商法的有关规定；海商法未作规定的，适用本法的有关规定。
Article 147 The Maritime Law of the PRC is applicable to marine insurance. For the matters where the Maritime Law does not specify, this Law shall be applicable.
第一百四十八条 设立外资参股的保险公司，或者外国保险公司在中国境内设立分公司，适用本法规定，法律、行政法规另有规定的，适用其规定。
Article 148 The establishment of a joint-venture insurance company with foreign equity or the establishment of branches within the territory of the PRC by foreign insurance companies shall be governed by this Law, or other laws and administrative regulations if they provide otherwise.
第一百四十九条 国家支持发展为农业生产服务的保险事业，农业保险由法律、行政法规另行规定。
Article 149 The State encourages those insurance businesses which facilitate the development of agricultural production. Agricultural insurance shall be governed by laws and administrative regulations to be promulgated separately.
第一百五十条 本法规定的保险公司以外的其他性质的保险组织，由法律、行政法规另行规定。
Article 150 Insurance institutions other than insurance companies as defined by this Law shall be governed by laws and administrative regulations to be promulgated separately.
第一百五十一条 本法施行前按照国务院规定经批准设立的保险公司继续保留，其中不完全具备本法规定的条件的，应当在规定的期限内达到本法规定的条件。具体办法由国务院规定。
Article 151 Insurance companies established upon approval in accordance with the regulations of the State Council prior to the enactment of this Law shall remain operative. Those which do not fully meet the requirements stipulated in this Law shall satisfy the requirements within a prescribed period of time. Specific measures shall be formulated by the State Council.
第一百五十二条 本法自１９９５年１０月１日起施行。
Article 152 This Law shall become effective on October 1, 1995.
