MNC Insurance in China: Are You Protected?
August 07, 2012
BY DAVID LIVDAHL, JENNY SHENG, & DANIEL QIN
Multinational companies (MNCs) often develop a set of template commercial contracts and operating policies specifically for their business operations and expansions in China. These templates are normally tailored from a PRC law perspective, based on the MNCs offshore headquarters templates. However, it appears that many MNCs in China tend to use the same insurance provisions and policies that their headquarters use, without tailoring the insurance policy requirements and standards specifically for their China business.