Due to a series of regulatory reforms and de-regulations, Banscasurance has developed promisingly and contributed significant volume of business income to the insurance market since 2001. Drawing from experiences from Japanese Bancassurance, this article proposes that any enterprises belonging to non-traditional insurance distributional channels should have permission to sell insurance products in order to meet both professional standards and avoid duplicative regulatory supervision. It is suggested that the authorities should combine the Bancassurance supervision regulations into single regulatory structure that is enforced by the Insurance Bureau.