The notice means that car dealers selling insurance will enter the age of professional agents from the era of concurrent agents, which is a great advantage for the insurance industry, but also conducive to combat the behavior of individual automobile sales companies forced tying insurance.
Policy 4S shop selling car insurance threshold lower
Along with this notice, there are also the "Decision on Amending the Regulations for Insurance Brokers" and "Decision on Amending the Regulations for Insurance Agency Agents." Two decisions show that the Insurance Commission has set two types of thresholds for “high and low†for insurance agencies and auto companies:
Increased the requirements for the establishment of insurance agency companies and insurance brokerage companies to 50 million yuan in registered capital.
Enterprises such as automobile production, sales, maintenance and transportation are allowed to invest in insurance professional agencies with a registered capital of not less than 10 million yuan. The previous regulation was that registered capital should not be less than 50 million yuan. This also means that the China Insurance Regulatory Commission began to further lower the entry threshold for auto insurance intermediary.
Market 4S shop has become one of the main channels for auto insurance sales
In March last year, the China Insurance Regulatory Commission issued a document suspending the approval of the qualification of insurance-related agents for automotive-related companies. In June of the same year, the insurance agent qualifications of some insurance agencies were suspended, and only auto companies, banks, postal services, and insurance companies were allowed to set up insurance professional agencies and insurance brokerage companies with a registered capital of RMB 50 million. For this reason, a number of auto sales companies can only set up professional agency companies through the way of Baotuan cooperation so as to ensure that the agency auto insurance business will continue smoothly.
The relevant person in charge of the Pacific Insurance Company’s automobile insurance department disclosed that at present in Yangzhou, 4S stores have become one of the main channels for insurance companies to sell auto insurance. The registered capital of 50 million yuan has doubled the pressure on most small 4S shops. "If the threshold is set too high, the insurance agent qualification will be concentrated in the hands of a few large-scale distributors, and it is easy to form a monopoly, which is unfavorable to the overall development of the insurance industry."
The future 4S shop will take the penalty of strong insurance
Many prospective car owners are concerned that dealers will force tying up insurance after they have obtained insurance professional qualifications. The prospective owner Mr. Liu was asked to purchase insurance at the same time when he ordered an Ashkenazi SUV. It is full-vehicle insurance.
The reporter visited the 4S shop as a customer and consulted a popular model. The salesman quietly told the reporter that if he purchased auto insurance, he could raise the car in advance. When the reporter said that the compulsory tying of insurance was a violation, the salesman said that they did not request compulsory insurance.
According to industry sources, most of the 4S shops are currently part-time agents, and China Insurance Regulatory Commission has no way to supervise 4S stores.
However, if the qualification of the 4S store concurrent agency expires, the Insurance Regulatory Commission will have the right to supervise the insurance business of the 4S store after it becomes a professional agent. Once the 4S store has violated regulations, it will be punished accordingly.
Pour your milk into a microwaveâ€safe container and heat for about 45 seconds, or heat it in a saucepan on the stove until just before boiling.
Transfer the milk to your Mellow Bird`s coffee mug.
Place the whisking end of the frother into the milk. It should be just barely under the surface of the milk.
Turn on the frother and move the whisk around the surface of the milk, creating a thick foam on the top.
Turn off the frother when you have created the desired amount of foam. This is usually about ? inch thick on top of the milk.
Rinse the milk frother head under warm running water to ensure that all residue is removed. Dry with a dish towel and store for the next use.
Brew your coffee and pour into the mug. Add sugar if desired and enjoy a milder coffee experience.
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