The Research Of Insurance Regulation Law In International Insurance Services

After 15 years of negotiating, China finally joined WTO on Dec 2001. China must obey the rules of WTO and perform its promises on the base of the balance between rights and obligations while exercising its rights. To Chinese insurance industry, which is still in developing level, the opening of insurance market is inevitable. Facing the completed opening insurance market, more and more foreign insurance companies will enter into the market and insurance regulation will face up to more challenges. One requirement of WTO 's rules is the "limited government" managed by law. The government must operate in according to the laws and regulations strictly. The government performs its function by creating effective market environment. In order to do so, the laws must be transparent and the market operation must be open and supervision must be equitable. To Chinese insurance supervision department, the major is to create a justice competitive market environment and a right legal environment for insurance enterprises. The purpose of China insurance supervision is to realize the maximum benefits of insurance market, which requires our insurance supervision department to adopt reasonable and effective insurance supervision law.The thesis expatiates firstly on the main principle, which should be abided by insurance regulation in international insurance services, and then analyzes how international insurance services will develop in the future, and its influence to Chinese insurance industry. Through the comparison, the points, which are to be consummated in our current insurance regulation, are found. Finally it brings forward the advices of perfectingour insurance regulation. In detail it includes some views as follows: first, to learn advanced foreign experiences as reference to perfect our insurance regulation; second, to perfect our insurance investment regulation; third, to create the insurance information disclosure system; fourth, to exert sufficiently the self-discipline system of insurance industry; finally basing on having perfected our insurance regulation, to create the information share system, which is not only between our insurance supervision department and foreign insurance supervision department, but also between insurance, banking and security industry, in order to adapt to financial development of international insurance service and conjoin our insurance regulation with the international rules.