Beginning from the accession date, foreign-funded insurance branches and companies in the property and casualty business could offer the following services:
- master policy and/or large scale commercial risk insurance;
- insurance for enterprises abroad; and
- property related liability and credit insurance for Chinese foreign investment enterprises.
After two years, they will be able to provide a full range of insurance services to both Chinese and foreign clients, and wholly foreign-owned enterprises will also be fully permitted in this sector. There will be no restrictions on the type of business establishment that can offer these services.
