The Ministry of Finance, the Ministry of Industry and Information Technology, and the China Banking Regulatory Commission have recently issued a joint circular requesting the in-depth implementation of the pilot project for the first major technical equipment insurance compensation mechanism.
According to the notification, from the year 2018 onwards, provincial-level industrial and informatization authorities are responsible for the acceptance of premium subsidy funds for manufacturing enterprises (including central enterprises) in the region. Manufacture of "the first (set) major technical equipment promotion and application guide catalogue" equipment , And to insure the first (set) major technical equipment comprehensive insurance or select international insurance insurance products insured enterprises, in the delivery of equipment users, the policy came into effect, the cumulative premium over 200,000 yuan after the centralized application for subsidies, similar equipment products concentrated declaration. The insurance project shall maintain continuous insurance coverage. If it is not continuous, it shall be reviewed according to the new insurance policy. Manufacturers, insurance institutions and equipment users shall strictly abide by relevant laws and regulations of the country, strengthen business control, and ensure that the application materials are true and accurate.
The notification clearly states that the projects that were insured during the period from March 16, 2017 to December 31, 2017 shall submit the application materials for premium subsidies by April 20, 2018. From 2018 onwards, from January 1 to December 31 of each year. For projects insured between dates, the application materials for premium subsidies should be submitted by March 10 of the following year.
The notification requires that after the central government subsidy funds are released, local governments must allocate funds to the relevant manufacturing enterprises in a timely manner and urge the related projects to be implemented in an orderly manner to ensure that the performance targets are achieved. The provincial industrial and informatization authorities are expected to join the Department of Finance (Bureau) and insurance. The supervisory and administrative agencies shall carry out joint supervision in a timely manner to track and supervise the effectiveness of the pilot work, and deal with issues that have been subsidized but are still reflected by relevant parties in a timely manner. They shall be sent to the Ministry of Industry and Information Technology by November 30 of each year. , The Ministry of Finance and the China Insurance Regulatory Commission submitted the inspection report. The Ministry of Industry and Information Technology of the Ministry of Finance and the Ministry of Industry and Information Technology irregularly organized a third-party institution to carry out random inspections. The inspection was not strictly conducted, the work organization was weak, and problems were not solved in a timely manner. The provinces that require supervision and submitting inspection reports are subject to public criticism by the Ministry of Industry and Information Technology and take other disciplinary measures as appropriate.
