NOTICE OF CHINA INSURANCE REGULATORY COMMISSION ON CLARIFYING THE COMPOSITION OF COMMISSIONS OF INSURANCE SALESMEN

Notice of China Insurance Regulatory Commission on Clarifying the Composition of Commissions of Insurance Salesmen

Bao Jian Fa [2006] No. 48

All insurance regulatory bureaus and insurance companies:

After the promulgation of the Provisions on the Administration of Insurance Salesmen, some insurance companies have required this
Commission to clarity the composition of insurance salesmen’s commissions. We hereby clarify it upon deliberation that the insurance
salesmen’s commissions shall be composed of business costs and labor remuneration.

It is hereby notified.

China Insurance Regulatory Commission

April 27, 2006