On November 2, a report from the financial frontline stated that the Qianxinan Financial Regulatory Sub-Bureau issued a reply regarding the insurance agency business of Qianxinan Rural Commercial Bank Co., Ltd., approving the bank to operate insurance agency business. The approved insurance types include: enterprise property insurance, family property insurance, motor vehicle insurance, engineering insurance, liability insurance, credit insurance, guarantee insurance, marine hull insurance, cargo transportation insurance, special risks insurance, agricultural insurance, life insurance, annuity insurance, health insurance, and accident injury insurance.
The Qianxinan Financial Regulatory Sub-Bureau stated that Qianxinan Rural Commercial Bank Co., Ltd. must present this approval document to the Guizhou Financial Regulatory Bureau to obtain an insurance intermediary license. The bank shall operate in accordance with the law and strictly comply with relevant laws, regulations, and the provisions of the National Financial Regulatory Administration. Relevant content can be accessed on the website of the National Financial Regulatory Administration.
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