Regulations Governing Insurance Brokers Article 42

An independent broker, a broker company and a bank shall have a fixed place of business that may not be located within the head office or branch office of an insurance company.Where a broker company or a bank changes any registered item on the company practice license, it shall, within 30 days, submit an amendment registration form and pay the fee as set by the competent authority for replacement of the practice license.Independent brokers, broker companies and banks shall display the original of his or her practice license in a prominent location at the place of business.Independent brokers, brokers employed by a broker company and a bank shall present the original or a photocopy of his or her practice license and employee ID card when negotiating an insurance contract or providing related services.