i. The insurance companies that were incorporated with approval of the insurance regulatory authorities and legally registered within the territory of China , including Chinese insurance companies, Sino-foreign joint venture insurance companies, wholly foreign-owned insurance companies and branches of foreign insurance companies, shall make contributions to the insurance security fund for their property insurance businesses or life insurance businesses. Insurance businesses for which the insurance security fund has been paid shall be covered by the remedy from the insurance security fund. 

ii. The following businesses shall not be covered by the remedy from the insurance security fund, for which no amount shall be contributed to the insurance security fund: 

1. Overseas direct insurance business underwritten by an insurance company; 

2. Inbound reinsurance business of an insurance company; 

3. Policy-supported insurance business in which the final risks are assumed by the state finance as determined by the State Council; 

4. Enterprise annuity trustee, account manager, and other enterprise annuity management businesses of an insurance company; and 

5. Any other businesses not covered by the remedy from the insurance security fund as determined by CIRC in conjunction with relevant departments.