- China's top insurance regulator issued new rules to tighten restrictions for public insurance adjusters, in a bid to regulate China's insurance market.

The rules requires the public insurance adjuster as a partnership to include no less than two public adjusters, while at least two-thirds of its partners should be practitioners with at least three years of professional experience who have not been banned from work in the last three years.

A public insurance adjuster as a corporation should include no less than eight public adjusters and two shareholders.

A public insurance adjuster refers to an agency and its branches, which surveys, settles, advises or adjusts in commission to claim for loss or damage of the insured.