Certain kinds of foreign insurance licenses require the forming of a joint venture with a government approved domestic company. For example, all foreign companies wishing to sell life insurance (except for AIG in 1992) have had to choose a joint venture partner from among government-approved partner companies, both insurance companies (such as Dazhong Insurance, China Pacific, and China Life), and other major Chinese enterprises (such as SinoChem, CITIC, China National Metals and Mining, and China Oil and Gas Group).