[State Administration of Financial Supervision: Require insurance companies to evaluate product compliance and adaptability and promptly adjust or stop sales of products that are not suitable for continued sale] On October 9, the State Administration of Financial Supervision issued the "Regulations on the Development and Management of Insurance Products of Property Insurance Companies". A few days ago, the heads of relevant departments and bureaus of the State Administration of Financial Supervision answered reporters’ questions on relevant issues. What core requirements does the "Regulations" put forward in regulating product development and protecting consumer rights and interests? The "Regulations" will strengthen product supervision, standardize development management, and protect consumer rights and interests throughout. The first is to stick to the origin of insurance. It is clear that the development of insurance products must comply with the principles of insurance interests, loss compensation, good faith, luck contracts and risk pricing, etc. It is prohibited to develop insurance products that do not have probabilities, cover speculative risks, have no actual protection content, or are purely for the purpose of malicious speculation, and violate social order and good customs. The second is to strengthen standards and regulations. It is required that the expression of clauses should be standardized and standardized, and that individual clauses should be easy to understand, clear and unambiguous. Contents that exempt or reduce the liability of the insurer should be prompted in a way that is sufficient to attract the attention of the policy holder, so as to effectively protect consumers' right to know. The third is to strictly manage responsibilities. Elaborate and clarify the product development management responsibilities that each level of the company should bear, and require property and casualty insurance companies to establish internal accountability mechanisms to urge companies to develop products prudently. The fourth is to strengthen continuous supervision. Insurance companies are required to evaluate product compliance and adaptability, make timely adjustments or stop selling products that are not suitable for continued sale, and strengthen full-process management of products.