The State Financial Supervisory Administration seeks public comments on the “Administrative Measures on the Qualifications of Directors, Supervisors and Senior Managers of Insurance Companies (Consultation Draft)”

Zhitong Finance App learned that on November 6, the China Financial Supervision and Administration publicly solicited comments on the “Administrative Measures on the Qualifications of Directors, Supervisors and Senior Managers of Insurance Companies (Consultation Draft)”. The deadline for feedback is December 6, 2026. The “Measures” consist of six chapters and 66 articles. The main contents are: The first is to establish general rules for the management of employment qualifications in insurance companies. Clarify the division of responsibilities of the General Administration and dispatching agencies for managing the qualifications of insurance companies and the scope of senior management personnel of insurance companies. The second is to refine the employment conditions for directors, supervisors, and senior management. It is stipulated that directors, supervisors, and senior managers of insurance companies shall have basic requirements such as strict compliance with integrity, due diligence, and clean employment. The economic and financial work experience requirements and professional qualifications required for different positions according to their responsibilities have been clarified. At the same time, the relevant circumstances of not being approved for employment have been clarified. The third is to clarify the procedures for approving and reporting qualifications. Submitters and approval procedures for approval matters and reporting matters have been standardized, the catalogue of the list of application materials has been revised and refined, and submission requirements for situations such as transfers to the same level have been improved. Fourth, there are supervisory and management requirements for directors, supervisors, and senior management. Clarify the management requirements of insurance companies and supervisory authorities after approval of qualifications, and regulate situations such as performing duties on behalf of them. The fifth is to define relevant legal responsibilities. Clarify circumstances relating to disapproval, revocation of qualifications, and industry bans.

The original text is as follows:

Notice of the State Financial Supervisory Administration seeking public comments on the “Administrative Measures on the Qualifications of Directors, Supervisors and Senior Managers of Insurance Companies”

In order to further improve the entry management of directors, supervisors and senior managers in the insurance industry, the State Financial Supervisory Administration has revised and formed the “Administrative Measures on the Qualifications of Directors, Supervisors and Senior Managers of Insurance Companies (Draft for Comments)”, which is now being publicly solicited for comments. The public can provide feedback through the following channels and methods:

1. Send comments by email to: zrszdc@nfra.gov.cn, and please indicate the words “Request for Comments on the Qualifications Management Measures for Directors, Supervisors and Senior Managers of Insurance Companies” in the subject line of the email.

2. Send your comments by letter to the State Financial Supervision and Administration Admission Department, No. 15 Financial Street, Xicheng District, Beijing, and request the words “Request for Comments on the Management Measures for the Qualifications of Insurance Company Directors, Supervisors and Senior Managers” on the envelope.

The deadline for feedback is December 6, 2026.

State Financial Supervisory Authority

November 6, 2026

The State Administration of Financial Supervision and Administration seeks public comments on the “Administrative Measures on the Qualifications of Directors, Supervisors and Senior Managers of Insurance Companies (Consultation Draft)”

In order to further improve the entry management of directors, supervisors and senior managers of insurance companies, the General Administration of Financial Supervision has revised and formed the “Administrative Measures on the Qualifications of Directors, Supervisors and Senior Managers of Insurance Companies (Draft for Comments)” (hereinafter referred to as the “Measures”), which are now being publicly solicited for comments.

The “Measures” consist of six chapters and 66 articles. The main contents are: The first is to establish general rules for the management of employment qualifications in insurance companies. Clarify the division of responsibilities of the General Administration and dispatching agencies for managing the qualifications of insurance companies and the scope of senior management personnel of insurance companies. The second is to refine the employment conditions for directors, supervisors, and senior management. It is stipulated that directors, supervisors, and senior managers of insurance companies shall have basic requirements such as strict compliance with integrity, due diligence, and clean employment. The economic and financial work experience requirements and professional qualifications required for different positions according to their responsibilities have been clarified. At the same time, the relevant circumstances of not being approved for employment have been clarified. The third is to clarify the procedures for approving and reporting qualifications. Submitters and approval procedures for approval matters and reporting matters have been standardized, the catalogue of the list of application materials has been revised and refined, and submission requirements for situations such as transfers to the same level have been improved. Fourth, there are supervisory and management requirements for directors, supervisors, and senior management. Clarify the management requirements of insurance companies and supervisory authorities after approval of qualifications, and regulate situations such as performing duties on behalf of them. The fifth is to define relevant legal responsibilities. Clarify circumstances relating to disapproval, revocation of qualifications, and industry bans.

We welcome valuable comments from all sectors of the community. The General Financial Supervisory Authority will carefully study feedback from various parties, further revise and improve the Measures, and issue and implement them in due course.

This article was selected from the official website of the “State Financial Supervisory Administration”. Zhitong Finance Editor: Feng Qiuyi.