The Study Of Commercial Insurance Regulatory System

The growth of the new China抯 commercial insurance market went through a very hard period and has been developing in an all--round way with competition and reformation since 1979. An appropriate Commercial Insurance Regulatory System (CIRS) is one of the most important part of the perfect legal system of the Commercial Insurance Regulation (CIR) which is the guarantee of the commercial insurance markets health.. This dissertation begins with the basic theory which includes the conceptions of CIR and CIRS, and the significance and principle of CIR.. It holds that 揙rganization is the core of system? as a result, CIRS represents 搕he whole construction and operation of the commercial insurance regulatory organizations which can effectively influent the insurance activity in order to regulate and control the commercial insurance.? Different countries have different kinds of CIRS. So the article makes a comparative study of the different kinds of regulatory systems, and analyses the characteristics and reformation trend of regulatory systems in US, UK and Japan in particular, drawing the conclusion that all kinds of reformations of regulatory systems are actually to make various kinds of regulatory systems more mutually complementary. iii ?\SfERS THESIS The author regards that the reformation of C1RS depends on the tradition and the condition of insurance market. So does it in China. The article also analyses the current situation of regulatory system in China which represents the strict government control in the regulatory scope and regulatory power while it means the neglect of the regulation of self梤egulatory organization over a long period of time . Although we recently reformed our insurance regulatory system a lot, the defects profoundly hiding in our system are still serios. According to these problems and our insurance market circumstances, the author poses that the pattern of our regulatory system should has its own characteristic. 揑t can neither too strict nor too relaxed and it should both promote the development of the market and keep the stability of the market .?揥e call it relative梤elaxed regulatory system pattern .?This pattern should center on the macro梤egulation of government and be complemented by the micro梤egulation of self梤egulatory organization. Led by this pattern , the author puts forward some suggestion of reformation and discusses them in detail in the end.