The Chinese government has introduced tighter rules for online insurance sales, as it reportedly seeks to eliminate “irregularities” in an industry that has grown rapidly over the past few years. Qualified insurers and brokers will be allowed to sell online life insurance nationwide, provided that they meet certain requirements, including a 120% minimum solvency ratio for four consecutive quarters, according to the rules released on Friday by the China Banking and Insurance Regulatory Commission (CBIRC). The rules also limited what products could be sold online, including to accident cover, health insurance, term life insurance and a few others. Companies have...