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NEW INSURANCE RULES IMPLEMENTED IN CHINA.
BEIJING, Jan 2 Asia Pulse - A new law on insurance and new rules on vehicle insurance took effect the first day of 2003.
With the new law, which will benefit insurance companies, enhance regulation of insurance agencies and increase the reputation of the insurance industry, property insurance companies can sell accidental insurance policies. This is expected to enhance competition in the short-term life insurance market. Some companies said they will be actively involved in this field, with products such as accidental aviation insurance policy.
All insurance companies will have more rights in drawing up ...
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