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China Financial License

Insurance Agent License

License value:

By the end of 2017, there were 1,776 insurance agency companies in China, including 1,551 regional insurance agencies and 225 national insurance agencies.

Affected by the rapid development of insurance market, insurance agent license scarcity highlight, coupled with increasing regulatory requirements, examination and approval step into this tighter, national insurance agent license transfer price on the market has reached more than 20 million, regional insurance agent license price is between 2.5 million - 4 million, the possibility of expected late prices continue to rise high.

 

Business scope:

To engage in the following insurance agency business nationwide:

I. sales of insurance products as agents;

2. Collecting insurance premiums as agents;

Iii. Investigation and settlement of losses of relevant insurance businesses as agents;

Other businesses approved by circ.

 

Application requirements:

I. main company

1. The company name contains the words "insurance agent (sales)";

2. The registered capital is 50 million yuan, which is actually paid and put into custody;

3. There is an actual office in the registration place;

 

Legal shareholder

1. The duration is 3 years, and the accumulated profit is positive in recent 3 years;

2. Evidence that both net assets and monetary funds are greater than capital contribution;

3. No record of major violation of laws, supervision and punishment in the last 3 years;

 

Iii. Natural person shareholders

1. Can provide the income proof in line with the contribution amount;

2. Good personal credit, no supervision and punishment record in the last 3 years;

 

4. Qualifications of the proposed senior executive

1. More than 3 years of financial work or more than 5 years of economic work;

2. College degree or above (more than 10 years of working in the financial industry is not limited by education);

3. Good personal credit, no supervision and punishment record in recent 3 years.




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