The practice of insurance agents has ushered in comprehensive and strict regulations. The reporter learned that the China Securities Association has recently drafted the “Code of Practice for Sponsor Representatives” and is seeking comments from the industry. The new regulations require that sponsor agencies should establish a scientific evaluation and incentive mechanism for sponsor representatives, comprehensively consider various factors such as professional competency, quality of practice, compliance, and business income, and must not use the number of projects or the scale of revenue as the sole assessment indicators.

The practice of insurance agents has ushered in comprehensive and strict regulations. The reporter learned that the China Securities Association has recently drafted the “Code of Practice for Sponsor Representatives” and is seeking comments from the industry. The new regulations require that sponsor agencies should establish a scientific evaluation and incentive mechanism for sponsor representatives, comprehensively consider various factors such as professional competency, quality of practice, compliance, and business income, and must not use the number of projects or the scale of revenue as the sole assessment indicators.