Article 4 the China insurance Regulatory Commission (hereinafter referred to as CIRC) is responsible for the supervision and administration of foreign-funded insurance companies.

Article 2 China Insurance Regulatory Commission (hereinafter referred to as the CIRC) shall implement the vertical leadership and unified administration to the agencies.

Just 5 percent of the more than $20 billion of damage from the quake in Sichuan province is covered by insurance, according to estimates from an official at the China Insurance Regulatory Commission.