Nov
17
2006
Sign of the (Beijing) Times
Author: Valeria WeberThe Chinese Insurance Regulatory Commission has recently announced the Measures on Administration of Health Insurance. The Measures, consisting of 53 articles in eight chapters, will take effect as of September 1, 2006. Before you conclude that this is a draconian example of a Communist nation stifling free enterprise, take into consideration the fact that these are the first set of regulations in the country for health insurance.
The health insurance includes disease insurance, medical insurance, disability income insurance, nursing insurance, and other insurances covering loss caused by health-related factors. The policy statement stipulates that all life insurance companies and health insurance companies engaged in the health insurance must set up independent accounting system, actuarial systems and risk control systems for their enterprises. That seems fairly basic; the fact that the state must require it suggests that the industry has been completely ignored until now.
More after the jump…
March 5th, 2007 at 10:48 am
I visited this site it gives excellent information about Chinese Insurance and for more details on Medical Insurance, more permanent health coverage, you may want to look at another health insurance option, such as an Individual Medical policy.