enhance the fairness

June 24th news: house-for-pension scheme "opening policy". China China Insurance Regulatory Commission yesterday issued guidance, the decision since July 1, 2014 onwards, in Beijing, Shanghai, Guangzhou, Wuhan 4 city to carry out the elderly housing reverse mortgage endowment insurance (hereinafter referred to as the reverse mortgage endowment insurance pilot, pilot two-year). During more than 60 years of age, with housing completely independent property rights of the elderly, the mortgage insurance companies, continue to the right to dispose of housing owned possession, use, income Cheap hats and the consent of the mortgagee, and pension until the die according to the agreed conditions; cheapjerseys.com old people die, insurance companies, mortgage property right of disposal, disposal income will be a priority for payment of endowment insurance cost.

for the pilot reverse mortgage endowment insurance qualified insurance company Cheap baseball jerseys at least to meet 6 conditions: has opened over 5 years, wholesale jerseys not less than 2000000000 yuan of registered capital; meet the provisions of the insurance company solvency management, for the pilot when a year end and at the end of the latest quarter solvency adequacy ratio of not less than 120%; be able to reverse mortgage endowment insurance for scientific and reasonable pricing; be able to reverse mortgage endowment insurance related legal problems are processing; with real estate property management professionals, or the entrusted property management agencies, have the ability to perform routine maintenance on the collateral Cheap football jerseys property and disposed of in accordance with the law; have a sound corporate governance structure, internal risk management and control system, which can implement the special management and independent accounting for reverse mortgage endowment insurance business. Do not meet the pilot qualifications occurred during the pilot period, the insurance company will be suspended to carry out reverse mortgage endowment insurance business. During the trial, individual insurance company to carry out the pilot business, accept the assessment of the value of the collateral property shall not exceed: 4%× part ＋0.2%× a total assets of not more than 20000000000 Yuan; the end of last year the total assets of more than 20000000000 yuan.

due to the insured is 60 years of age or older, pilot reverse mortgage endowment insurance company the consumer should be pre counseling, to ensure that consumers understand insurance products and their rights and obligations. Insurance companies are also required by recording, video or third party witness, enhance the fairness, justice of contract, and shall specify the period of hesitation when time, length, hesitation period customer rights in the insurance contract, as well as the customer to terminate the contract may suffer losses in the hesitation period, period of hesitation shall not be shorter than 30 days. In the period of hesitation, the insurance company shall re introduced the reverse mortgage endowment insurance products to the insurant, the insured's true intention to purchase confirmation.

addition, the insurance company should be in 10 days of each month, the mortgage insurance progress report to the CIRC and Chinese pilot area Bureau of the CIRC shall submit annual disclosure to reverse, reverse mortgage endowment insurance related information to customer. If the insurance company can participate in the real estate value-added benefits, shall also disclose the property assessment value of property assessment information and the effect of changes on the annuity value to the customer.

CIRC insurance supervision department director personal yuan order said, "the pilot city"