Regulations for Establishment, Transfer, or Withdraw Branch Units by Insurance Enterprises Article 17

An insurance enterprise may establish a domestic correspondence office for business needs.When an insurance enterprise establishes, relocates or closes a correspondence office or when the name of a correspondence office or the entity to which the office belongs or the office manager undergoes changes, the enterprise shall register the matter with the insurance association to which it belongs.The insurance association to which the enterprise belongs shall prescribe guidelines for administration of registration matters concerning correspondence offices of insurance enterprises, and file the guidelines with the competent authority for record. In addition, the enterprise shall collect and file information on its registration activities with the competent authority.