Regulations Governing Online Insurance Business and Online Insurance Services of Insurance Agent Companies and Insurance Broker Companies Article 14

Rewards and disciplines for insurance agent/broker companies that meet the following key indicators for differentiated management are as follows:1.For an insurance agent/broker company that has not, in the past one year, violated any online insurance related regulations and has not been subject to major sanctions and penalties imposed by the competent authority in connection with its insurance broker or agent business, or if it has, concrete improvement actions have been taken to remedy the violation and recognized by the competent authority, the company may increase the insured amount of its online insurance business by 25% and decrease the phone interview sampling set out in Subparagraph 1, Paragraph 2 of the preceding article by one half.2.For An insurance agent/broker company that has, in the past one year, violated any online insurance related regulations or has been subject to major sanctions and penalties imposed by the competent authority in connection with its insurance broker or agent business, the company shall decrease the insured amount of its online insurance business by 25% and increase the phone interview sampling set out in Subparagraph 1, Paragraph 2 of the preceding article by one half.The insured amount of online insurance business after the increase under the preceding paragraph may not exceed the insured amount of the insurance company’s online insurance business.