Notice of the General Office of the China Insurance Regulatory Commission on Soliciting Comments on Insurance Contracts (Exposure Draft) by the International Accounting Standards Board

中国保险监督管理委员会办公厅关于征求对国际会计准则理事会《保险合同（征求意见稿）》意见的通知

Promulgating Institution: General Office of the China Insurance Regulatory Commission

Promulgating Date: 08/25/2010

颁布机关: 中国保险监督管理委员会办公厅

颁布时间: 08/25/2010

To all insurance companies,

On July 30, 2010, the International Accounting Standards Board (IASB) released the Insurance Contracts (Exposure Draft) (hereinafter referred to as the Exposure) to solicit comments worldwide. The Exposure Draft is the basis for the international financial reporting standards for insurance contracts, and therefore will have substantial impact on China's insurance industry. Recently, the Ministry of Finance has also issued letters to seek comments on the Exposure Draft from relevant parties.

All insurance companies are requested to carefully study the contents of the Exposure Draft, paying particular attention to the questions listed therein (non-exhaustive), and come up with their suggestions based on the actual conditions in China's insurance industry, preferably accompanied with case analysis. Please submit the written suggestions to this Commission by September 8, 2010. This Commission shall provide the IASB and the Ministry of Finance with feedback of China's insurance industry after taking into consideration the suggestions from all parties concerned. In the meantime, insurance companies are also encouraged to provide suggestions directly to the IASB in their own names.

The full text of the Insurance Contracts (Exposure Draft) in English may be downloaded from the website of the IASB 

(http://www.ifrs.org/Current+Projects/IASB+Projects/Insurance+Contracts/Exposure+draft+2010/Exposure+draft+and+Comment+letters.htm). A Chinese introduction of the Exposure Draft may be downloaded from the "Work Notices" section of the website of the Accounting Department of the Ministry of Finance (http://www.ifrs.org/Current+Projects/IASB+Projects/Insurance+Contracts/Exposure+draft+2010/Exposure+draft+and+Comment+letters.htm).

Contact person: Huang Yang (Division of Finance Supervision of the Department of Financial Accounting)

Tel: 010-66286125

Fax: 010-66288102

Email: yang_huang@circ.gov.cnGeneral

Office of the China Insurance Regulatory Commission

August 25, 2010

  各保险公司：

  2010年7月30日，国际会计准则理事会（IASB）发布了《保险合同（征求意见稿）》（以下简称征求意见稿），向全球公开征求意见。该征求意见稿是保险合同国际财务报告准则的基础，将对我国保险业产生重大影响。近日，财政部也发函，就该征求意见稿征求有关方面的意见。

  请各公司认真研究征求意见稿中的有关内容，尤其关注但不限于其中所列问题，结合我国保险业实际情况提出意见，最好能有案例分析。请于2010年9月8日前将书面意见反馈我会。我会将在综合各方意见的基础上，向IASB和财政部反馈我国保险业的意见。同时，我会也鼓励以你公司名义直接向IASB反馈意见。

  保险合同征求意见稿的英文全文可在国际会计准则理事会网站（网址：http://www.ifrs.org/Current+Projects/IASB+Projects/Insurance+Contracts/Exposure+draft+2010/Exposure+draft+and+Comment+letters.htm）下载。征求意见稿的中文简介可在财政部会计司网站（http://kjs.mof.gov.cn）的“工作通知”栏目中下载。

  联系人：黄洋（财务会计部 财务监管处）

  电 话：010－66286125

  传 真：010－66288102

  Email：yang_huang@circ.gov.cn

                          中国保险监督管理委员会办公厅

                               二○一○年八月二十五日