State Insurance Regulatory Commission. According to the inquiry of the official website of China Banking Insurance Regulatory Commission, PICC's relative avoidance system was put forward by the former State Insurance Regulatory Commission of People's Republic of China (PRC) (China) in 2006. The system aims at ensuring fair competition in the insurance market, preventing conflicts of interest and business risks, and stipulates that senior managers of insurance companies and their relatives with direct interests should avoid business activities under certain circumstances. With the reform of insurance supervision system, this system has been brought into the supervision scope of China Banking Regulatory Commission on 20 18.