The National Financial Regulatory Administration is publicly soliciting opinions on the "Measures for the Administration of the Qualifications of Directors, Supervisors, and Senior Managers of Insurance Companies (Draft for Comment)".

On November 6, the National Financial Regulatory Administration publicly solicited opinions on the "Measures for the Administration of the Qualifications of Directors, Supervisors, and Senior Managers of Insurance Companies (Draft for Comment)." The deadline for feedback is December 6, 2026. The Measures consist of six chapters and 66 articles, with the main contents as follows: First, establish the general provisions for the administration of qualification requirements for insurance companies. It clarifies the division of responsibilities between the Administration and its local offices in the administration of qualification requirements for insurance companies and the scope of senior managers of insurance companies. Second, refine the qualification conditions for directors, supervisors, and senior managers. It provides that directors, supervisors, and senior managers of insurance companies shall meet basic requirements such as abiding by integrity, performing duties responsibly, and practicing honestly, and that different positions shall meet the economic and financial work experience requirements and professional qualification conditions required by their responsibilities, while also clarifying the relevant circumstances under which qualification approval will not be granted. Third, clarify the procedures for qualification approval and reporting. It standardizes the submitting entities and approval procedures for approval matters and reporting matters, revises and refines the list of application materials, and improves the reporting requirements for circumstances such as lateral transfers at the same level. Fourth, set out supervisory and management requirements for directors, supervisors, and senior managers. It clarifies the management requirements for insurance companies and regulatory authorities after qualification approval, and standardizes circumstances such as acting on behalf of another in performing duties. Fifth, define the relevant legal liabilities. It clarifies the relevant circumstances for non-approval, revocation of qualifications, and industry bans. The original text is as follows: Announcement of the National Financial Regulatory Administration on Publicly Soliciting Opinions on the "Measures for the Administration of the Qualifications of Directors, Supervisors, and Senior Managers of Insurance Companies" In order to further improve the access management of directors, supervisors, and senior managers in the insurance industry, the National Financial Regulatory Administration has revised and formed the "Measures for the Administration of the Qualifications of Directors, Supervisors, and Senior Managers of Insurance Companies (Draft for Comment)" and is now publicly soliciting opinions from society. The public may submit feedback through the following channels and methods: 1. Send opinions by email to: zrszdc@nfra.gov.cn, and please indicate "Opinions on the Measures for the Administration of the Qualifications of Directors, Supervisors, and Senior Managers of Insurance Companies" in the subject line of the email. 2. Send opinions by letter to: Admission Department, National Financial Regulatory Administration, No. 15A Financial Street, Xicheng District, Beijing, and please indicate "Opinions on the Measures for the Administration of the Qualifications of Directors, Supervisors, and Senior Managers of Insurance Companies" on the envelope. The deadline for feedback is December 6, 2026. National Financial Regulatory Administration November 6, 2026 The National Financial Regulatory Administration Publicly Solicits Opinions on the "Measures for the Administration of the Qualifications of Directors, Supervisors, and Senior Managers of Insurance Companies (Draft for Comment)" In order to further improve the access management of directors, supervisors, and senior managers of insurance companies, the Financial Regulatory Administration has revised and formed the "Measures for the Administration of the Qualifications of Directors, Supervisors, and Senior Managers of Insurance Companies (Draft for Comment)" (hereinafter referred to as the "Measures") and is now publicly soliciting opinions from society. The Measures consist of six chapters and 66 articles, with the main contents as follows: First, establish the general provisions for the administration of qualification requirements for insurance companies. It clarifies the division of responsibilities between the Administration and its local offices in the administration of qualification requirements for insurance companies and the scope of senior managers of insurance companies. Second, refine the qualification conditions for directors, supervisors, and senior managers. It provides that directors, supervisors, and senior managers of insurance companies shall meet basic requirements such as abiding by integrity, performing duties responsibly, and practicing honestly, and that different positions shall meet the economic and financial work experience requirements and professional qualification conditions required by their responsibilities, while also clarifying the relevant circumstances under which qualification approval will not be granted. Third, clarify the procedures for qualification approval and reporting. It standardizes the submitting entities and approval procedures for approval matters and reporting matters, revises and refines the list of application materials, and improves the reporting requirements for circumstances such as lateral transfers at the same level. Fourth, set out supervisory and management requirements for directors, supervisors, and senior managers. It clarifies the management requirements for insurance companies and regulatory authorities after qualification approval, and standardizes circumstances such as acting on behalf of another in performing duties. Fifth, define the relevant legal liabilities. It clarifies the relevant circumstances for non-approval, revocation of qualifications, and industry bans. All sectors of society are welcome to put forward valuable opinions. The Financial Regulatory Administration will carefully study the feedback from all parties, further revise and improve the Measures, and release and implement them in due course. This article is excerpted from the official website of the "National Financial Regulatory Administration." Edited by Feng Qiuyi, GMTEight.