"上门﹢快办"："三步走"打通便民"最后一公里" "咚咚咚——"今年8月的一天，日头刚过晌午，古塔区法院法官何冰与调解员顶着烈日，提着文件 袋走进了张大叔的家。 客厅里，张大叔坐在轮椅上，背后垫着厚厚的靠垫，见到法官上门，原本紧锁的眉头舒展了些 许。"知道您行动不便，我们就上家里来调解了，咱们慢慢聊……"何冰坐在炕沿上，语气温和地说。 张大叔叹了口气，指了指桌上的保险单："我因高位截瘫长期卧床，家里全靠你阿姨撑着。我们想 解除保险合同换点现金，可保险公司说只能退一小部分，我心里实在不舒坦。" "调解桌"搬到家门口，解特殊群体燃眉之急；家事审判融情于理，续血脉亲情温暖心弦；民生保障 精准发力，护劳者安、老者乐、幼者康……近年来，辽宁省锦州市古塔区人民法院深耕司法为民沃土， 创新推出"三步走"解纷、"三位一体"家事审判、"护薪护老护苗"保障机制，完成从"单点破题"到"全域护 民"的保障升级，让公平正义在基层落地生根、触手可及。 "大叔您先放宽心，这份保险合同条款写得很明确，退保退还的是保单现金价值，保险法也有明文 规定——投保人解除合同的，保险公司应按合同约定退还该笔款项。"何冰指着合同条款逐一解读。 联系保险公 ...

Core Viewpoint - The Ministry of Finance and the Financial Regulatory Administration have jointly issued a notice to further implement the new insurance contract accounting standards, emphasizing the importance of these standards in mitigating major financial risks [1][2]. Implementation Arrangements - Companies listed both domestically and internationally, as well as those listed only abroad that use international financial reporting standards or enterprise accounting standards, must continue to apply the new insurance contract accounting standards. Other companies must start implementing these standards from January 1, 2026, unless they submit a written request for a delay to the Ministry of Finance and the Financial Regulatory Administration [1]. Simplified Processing Regulations - Non-listed companies are allowed to choose simplified processing regulations regarding the grouping, recognition, measurement, and reporting of insurance contracts. Specific requirements for adopting and changing these simplified processes have been outlined [1]. Organizational Implementation Requirements - The implementation of the new insurance contract accounting standards is a crucial measure to address major financial risks. Companies are required to prepare for the implementation through business process restructuring, information system upgrades, management system improvements, and personnel training. Various levels of financial departments and regulatory bodies are tasked with ensuring the effective implementation and coordination of these standards [2].

Core Viewpoint - The Ministry of Finance and the Financial Regulatory Administration have issued a notification to further implement the new insurance contract accounting standards, aimed at enhancing the quality of financial information in the insurance industry and supporting high-quality development [1][2][10]. Summary by Sections Background - The new insurance contract accounting standards were revised and issued in December 2020, effective from January 1, 2023, for certain companies, while others will implement it by January 1, 2026 [2][3]. - Initial implementation by ten large listed insurance companies showed a smooth transition, with the impact on net assets and profits aligning with expectations, leading to positive market reactions [2][3]. Implementation Arrangements - The notification clarifies that companies listed both domestically and internationally, as well as those listed only abroad, must continue to follow the new standards, while other companies will adopt them by 2026 [5][6]. - Companies facing difficulties in implementation must submit written explanations to the relevant authorities [5]. Simplified Processing Provisions - Non-listed companies are provided with options for simplified processing in areas such as insurance contract grouping, measurement, and reporting [5][8]. - The simplifications aim to reduce implementation costs without significantly affecting the quality of accounting information [7][10]. Organizational Implementation Requirements - The notification emphasizes the importance of implementing the new standards as part of broader financial risk management strategies [5][6]. - It outlines the need for companies to prepare through process reorganization, system upgrades, and staff training [6][10]. Expected Impact - The notification is designed to facilitate the timely execution of the new standards, particularly for small and medium-sized insurance companies, while not significantly impacting the quality of accounting information for listed companies [10]. - The simplified provisions are specifically tailored for non-listed companies, which have a limited share of the industry in terms of asset size and premium income [10]. Implementation Guidance - The authorities will focus on promoting understanding of the notification's requirements and closely monitoring the implementation of the new standards [12].

Core Viewpoint - The Ministry of Finance and the Financial Regulatory Administration have issued a notification to further implement the new insurance contract accounting standards, providing guidance and simplified options for non-listed companies [1][2][5]. Summary by Sections Implementation Arrangements - The notification details the implementation arrangements for the new insurance contract accounting standards, allowing non-listed companies to opt for simplified processing [2][5]. - Companies facing difficulties in executing the new standards must submit written explanations by June 30, 2025, and disclose the reasons in their financial statements [3][5]. Transition Timeline - The new insurance contract accounting standards were revised in December 2020, with a mandatory implementation date of January 1, 2023, for certain companies, while others must comply by January 1, 2026 [4][5]. - Companies that have already adopted the new standards must report their early implementation by June 30, 2025 [6]. Simplified Processing Provisions - The notification introduces simplified processing options for non-listed companies, effective from January 1, 2025, allowing them to choose one or more simplifications when first applying the new standards [7][9]. - Simplifications cover four main areas: 1. Grouping and recognition of insurance contracts [8] 2. Measurement of insurance contracts [8] 3. Presentation of insurance contracts [8] 4. Transition provisions for first-time application [9]. Impact on Financial Reporting - The simplified provisions aim to reduce the complexity and cost of implementation for non-listed companies, particularly smaller insurers facing challenges due to limited historical data and resources [5][11]. - The notification is designed to ensure that the quality of accounting information is not significantly affected, particularly for listed companies, thus maintaining consistency in financial reporting standards [10][11].

Core Viewpoint - The Ministry of Finance and the Financial Regulatory Administration issued a notice regarding the implementation of the new insurance contract accounting standards, allowing insurance companies facing difficulties to apply for a deferral of execution until June 30, 2025 [2][7]. Summary by Sections Implementation of New Accounting Standards - The new insurance contract accounting standards, revised in December 2020, are set to be implemented by all insurance companies by January 1, 2026, with some companies already adopting them since January 1, 2023 [3][4]. - As of the first quarter of 2025, 27 life insurance companies have already implemented the new standards [3]. Challenges for Small and Medium-sized Insurance Companies - The implementation of the new standards poses significant challenges for small and medium-sized insurance companies due to high costs, limited historical data, and insufficient talent [5][6]. - The cost of switching to the new standards is estimated to exceed ten million yuan, which raises concerns among smaller firms about the investment [5][6]. Simplified Processing Arrangements - The notice provides simplified processing options for non-listed insurance companies, allowing them to adopt simplified methods in areas such as contract grouping, measurement, and reporting [8][10]. - These simplifications aim to reduce implementation costs without significantly impacting accounting information quality or economic decision-making [10][11]. Impact on Financial Performance - The new standards will increase the sensitivity of insurance companies' performance to interest rates, which could adversely affect the net assets of many small insurance firms already under financial strain [6][9]. - The overall market reaction to the new standards has been positive, with expectations that they will enhance the quality of accounting information and promote high-quality development in the insurance industry [4][9].

Core Viewpoint - The issuance of the "Notice on Further Implementing the New Insurance Contract Accounting Standards" is a key measure to promote high-quality development in the insurance industry, providing detailed solutions for the implementation challenges faced by small and medium-sized insurance companies while aligning with international accounting standards [1][2]. Group 1: Implementation of New Standards - The new insurance contract accounting standards are seen as a significant reform in the financial reporting system of the Chinese insurance industry, marking an important step towards global accounting convergence [2]. - The new standards were revised and issued by the Ministry of Finance in December 2020, with implementation starting from January 1, 2023, for certain companies, while others will follow by January 1, 2026 [2][3]. - The initial implementation by ten large listed insurance companies has been smooth, with the impact on net assets and net profits aligning with expectations, leading to a generally positive market response [2][3]. Group 2: Support for Small and Medium-sized Enterprises - The "Notice" provides a timeline for different types of enterprises, allowing listed companies to continue with the new standards while non-listed companies can opt for simplified measures starting from January 1, 2025 [3]. - Companies facing difficulties in implementation can apply for a deferral until June 30, 2025, by submitting written explanations to the relevant authorities [3]. - Simplified processing options are tailored for non-listed enterprises, allowing them to choose one or more simplified accounting policies upon first implementation [3][6]. Group 3: Simplification Measures - Simplifications in the assessment of insurance contract profitability, cash flow asset recognition, and accounting treatment for contracts terminated due to policyholder withdrawals have been introduced [4]. - In terms of measurement, simplifications include provisions for policy loans, accrued interest, and adjustments for financial estimates in financial statements [4][5]. - Disclosure requirements have also been simplified, including adjustments for reinsurance contracts and fair value measurements [5]. Group 4: Impact and Future Outlook - The simplified measures aim to reduce the cost and complexity of implementing the new standards for small and medium-sized insurance companies, facilitating a smoother transition [6]. - The implementation of the new standards is viewed as essential for the high-quality development of the Chinese insurance industry, with the "Notice" providing transitional support for non-listed companies [6]. - As conditions improve, non-listed enterprises are expected to phase out the simplified measures, ensuring consistency in accounting practices across the industry [6].

Core Viewpoint - The Ministry of Finance and the Financial Regulatory Administration have jointly issued a notice to further implement the new insurance contract accounting standards, emphasizing the importance of these standards in mitigating major financial risks [1][2]. Implementation Arrangements - The notice specifies that companies listed both domestically and internationally, as well as those listed only abroad that use international financial reporting standards or enterprise accounting standards, must continue to apply the new insurance contract accounting standards. Other companies applying enterprise accounting standards are required to implement these standards starting January 1, 2026, unless they submit a written request for a delay to the Ministry of Finance and the Financial Regulatory Administration [1]. Simplified Processing Regulations - The notice outlines simplified processing regulations for non-listed companies regarding the grouping, recognition, measurement, and reporting of insurance contracts. It provides specific requirements for the selection and change of these simplified processing options [1]. Organizational Implementation Requirements - The notice emphasizes that the implementation of the new insurance contract accounting standards is a crucial measure to fulfill the central government's requirements for preventing and mitigating major financial risks. It calls for companies to prepare for implementation through business process restructuring, information system upgrades, management system improvements, and personnel training. It also highlights the roles of various financial departments and regulatory bodies in supporting the high-quality implementation of these standards [2].

Core Viewpoint - The notification aims to further guide the implementation of the new insurance contract accounting standards, enhancing the quality of financial reporting in the insurance industry and promoting high-quality development [12][18]. Implementation Arrangements - Companies listed both domestically and internationally, as well as those listed only abroad that adopt international financial reporting standards, must continue to implement the new insurance contract accounting standards from January 1, 2023. Other companies must comply by January 1, 2026, unless they submit a written request for a delay by June 30, 2025 [2][15]. - Companies that have already adopted the new standards prior to this notification must report their early adoption by June 30, 2025 [2]. Simplified Processing for Non-Listed Companies - Non-listed companies can choose to adopt simplified accounting policies when first implementing the new standards, effective from January 1, 2025 [3][15]. - Simplified processing includes grouping and recognition of insurance contracts, measurement, and reporting requirements [17]. Grouping and Recognition - Companies can assess the profitability of insurance contracts using updated market variables and reliable data, with annual updates required [3]. - Cash flows related to insurance acquisition can be allocated to the relevant contract groups without recognizing them as assets [3][4]. Measurement - Companies may separate certain cash flows from insurance contracts and measure them as financial assets or liabilities, while still applying the new standards for reporting [5][6]. - Non-listed companies can use industry-related information for measuring non-financial risk adjustments if reliable data is not available [5][6]. Reporting - If the net amount of reinsurance assets does not exceed 30% of the net insurance liabilities, companies may omit certain disclosures related to reinsurance [8][9]. - Companies can choose not to disclose certain amounts related to policyholder claims if they provide the total cash value of all life insurance business [9][10]. Transition Provisions - Companies can report comparative information for the most recent accounting year under the new standards without disclosing certain risk-related comparisons [9]. - Non-listed companies must consistently apply the simplified processing across all contracts within the scope of the new standards [10]. Organizational Implementation - The implementation of the new standards is crucial for accurately reflecting the financial status and operational results of insurance companies, thereby enhancing the quality of accounting information [10][18]. - Companies are encouraged to prepare for the transition by improving business processes, information systems, and training personnel [10][18]. - The Ministry of Finance and the Financial Regulatory Bureau will monitor the implementation and provide ongoing guidance [10][18].