China United Insurance Service, Inc.: insider trades · United States · SEC (Form 4)

About China United Insurance Service, Inc.

China United Insurance Service, Inc. is a niche insurance intermediary listed on the NASDAQ market in the United States. For French-speaking investors, it is best viewed not as a large integrated insurer, but as a commission-driven distribution platform focused on insurance brokerage and agency services. The company’s business model centers on selling and servicing insurance products through a network of brokers and agencies, with a core emphasis on life insurance and a secondary footprint in property-and-casualty lines such as automobile, casualty, and liability coverage. SEC filings show that the group operates through multiple entities and has built meaningful scale in Taiwan as well as selected provinces in mainland China. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1512927/000114420418014999/tv487239_10k.htm)) The company’s roots go back to older operating businesses that formed the foundation of the current group. In its 2017 annual report, China United disclosed that Law Broker began its insurance intermediary business in 1992, while the predecessor of Zhengzhou Anhou Insurance Agency Co., Ltd. was founded on October 9, 2003 in Henan province. The principal executive office listed in the SEC filing was in Taipei City, Taiwan, underscoring the company’s cross-border operating structure and regional focus. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1512927/000114420418014999/tv487239_10k.htm)) From a product perspective, the most strategically important line appears to be life insurance distribution, especially policies with recurring premium schedules, which the company described as its expected primary source of revenue over the next several years. On the non-life side, Law Broker’s portfolio includes auto insurance, casualty insurance, and liability insurance. The operating model therefore depends less on underwriting risk and more on distribution efficiency, commission economics, client relationships, and the breadth of the sales network. In the latest SEC annual report reviewed, the company reported 2 insurance agencies, 1 brokerage, and 43 service outlets in mainland China, plus 30 sales and service outlets in Taiwan. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1512927/000114420418014999/tv487239_10k.htm)) Competitive positioning is that of a specialized intermediary rather than a market-wide consolidator. That can be attractive in fragmented local markets because it allows the company to leverage distribution reach and product access, but it also leaves the business exposed to intense competition from local brokers and agents, regulatory changes, and reliance on insurer partners. The SEC materials reviewed also flag historical internal-control weaknesses and prior financial restatements, which remain important analytical considerations for investors assessing governance quality and reporting reliability. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1512927/000114420418014999/tv487239_10k.htm)) Recent public information available from the sources consulted is limited, but the key market-relevant point is that the company remains subject to U.S. disclosure requirements, including SEC reporting and insider-transaction transparency. For investors looking at a speculative small-cap insurance intermediary with cross-border exposure, China United Insurance Service remains a name worth monitoring, particularly for changes in filing cadence, ownership activity, and any updated business disclosure. ([secinfo.com](https://www.secinfo.com/%24/SEC/Registrant.asp?CIK=1512927&utm_source=openai))