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During the recent period of time, the insurance agencies in some regions have sold substitutes of aviation accident insurance products (accident insurance products for taking public vehicles containing liabilities for aviation accidents) by way of issuing insurance policies manually, which have disturbed the insurance market order, and lead to adverse social impact. In order to ensure the healthy development of insurance market, and control insurance risks, we hereby make the following notice on relevant issues concerned: I. From March 1, 2003, the computer network and real time management system shall be implemented for substitutes of the aviation accident products sold at airports and other agencies, and the insurance policies thereof shall be issued through computer, no aviation accident products and their substitutes with manually issued insurance policies may be sold. II. All insurance companies shall strictly implement the Document No.134 [2002] of the China Insurance Regulatory Commission and the Document No.23 [2003] of the China Insurance Regulatory Commission, establish and perfect the systems of qualification administration on insurance agencies and of the internal management on substitutes of aviation accident insurance products, and settle and collect within a prescribed time limit the blank insurance policies of the substitutes of aviation accident insurance products issued manually, and take anti-fake measures for insurance policy. III. All the bureaus of the China Insurance Regulatory Commission shall pay close attention to the status of the aviation accident insurance market, strengthen supervision over the sales acts of insurance companies and insurance agencies, and make inspection on the relevant management system and implementation results of insurance companies, and impose punishment on insurance institutions not doing their best to make supervision and control or failing to settle and collect. In case any insurance institution, agency or sales person sells the aviation accident insurance products or their substitutes with the insurance policy thereof issued manually or amends the term of insurance or insurance liabilities without permission, or has any other circumstance in violation of the regulations, they shall be punished according to relevant provisions; and their acts of illegally making or selling fake personal insurance policies shall be banned and punished according to law. |
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