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China: Regulator plans stronger regulation of mutual insurers


The China Insurance Regulatory Commission is set to undertake new measures related to regulation of mutual insurers, reports Hexun.com.

The regulator is seeking feedback on draft proposals.

The deadline for the comments is May 20, 2014.

The move is aimed at strengthening the supervision and administration of mutual insurers and ensuring standard business practices across the industry.

The new measures will also be applicable for mutual insurers providing services in the agriculture sector.

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