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Notice of the China Insurance Regulatory Commission on Allowing China Coal Insurance Co., Ltd. to Pilot the "Insurance Futures" Model [Effective]
中国保监会关于中煤财产保险股份有限公司开展“保险期货”试点的通知 [现行有效]
【法宝引证码】

Notice of the China Insurance Regulatory Commission on Allowing China Coal Insurance Co., Ltd. to Pilot the "Insurance Futures" Model 

中国保监会关于中煤财产保险股份有限公司开展“保险 期货”试点的通知

(No. 252 [2017] of the China Insurance Regulatory Commission) (保监财险〔2017〕252号)

Notice of the China Insurance Regulatory Commission on Allowing China Coal Insurance Co., Ltd. to Pilot the "Insurance Futures" Model China Coal Insurance Co., Ltd., 中煤财产保险股份有限公司:
We hereby acknowledge the receipt of the Request for Instructions by China Coal Insurance Co., Ltd. on Launching a Pilot Scheme of Agricultural Product Price Insurance under the "Insurance + Futures" Model (Zhong Mei Cai Bao [2017] No. 197). Upon study, the China Insurance Regulatory Commission ("CIRC") approves that your company may launch the said pilot scheme. Relevant issues are hereby notified as follows: 你公司《中煤保险关于开展“保险+期货”模式的农产品价格保险试点的请示》(中煤财保〔2017〕197号)收悉。经研究,我会同意你公司开展试点工作。现将有关事项通知如下:
1. Your company is given in-principle approval to pilot insurance against the prices of corn, wheat, eggs and other agricultural products, and use over-the-counter ("OTC") option contracts on corn, wheat, eggs and other agricultural products to hedge risks. Your company shall trade OTC options of agricultural products only for risk-hedging purposes, and is strictly prohibited from speculative trading.   一、原则同意你公司开展玉米、小麦、鸡蛋等农产品价格保险试点,并运用玉米、小麦、鸡蛋等农产品场外期权合约对冲风险。参与农产品场外期权交易应仅限于以风险对冲为目的,严禁参与投机性交易。
2. Your company shall scientifically set insurance premium rates. You shall set insurance premium rates based on the pure risk loss rate of the price risks of the pilot products, and may take into consideration the pricing structures of OTC option products to set rate adjustment factors.
......
   二、你公司应科学厘定保险费率。费率应依据试点品种价格风险纯风险损失率厘定,并可考虑场外期权产品定价结构设置费率调节因子。

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