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International

China to implement new insurance regulations in July

January 05, 2017 Reprints

The China Insurance Regulatory Commission's new regulations to tighten governance in the nation's insurance industry will come into effect from July 1, Asia Insurance Review reported. The goal is to set up a three-pronged compliance structure involving the insurer's operations department and its branches, compliance department and internal audit department to work together to ensure proper governance.

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China to implement new insurance regulations in July

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