WTO And Perfecting Of The Legal System Of The Financial Supervision Of The Insurance Company In China

The accession to WTO means that actions of our government will come under the examination and judgment of the market rule and international customs. There is no exception with the financial supervision of insurance company, which will also come under their regulation. Since the financial supervision system came into being during the special period of economic transformation. It has striking differences with the demand of WTO financial supervision system and international customs on the financial supervision of insurance.In order to resolve the defects of the present financial supervision system of insurance. The paper, which combine stipulation of WTO papers on financial supervision of insurance, expounds the perfection of financial supervision system of the Insurance company in China from the views of International Law in five parts.Part one is the survey of financial supervision of insurance, including the relationship between insurance supervision and financial supervision of insurance and the four forms of the financial supervision of insurance: publication form, substantial form, formal form, inspect ion form.Part two discusses the main contents of the financial supervision of Insurance company from the following five aspects: the supervision of payment ability, the supervision of registered capitaK the supervision of the usage of capitaK the supervision of assets and the supervision of reserve fund.Part three analyzes the difference and infusion between the financial supervision legal system of Anglo-American law system and that of continental law system, drawing the conclusion that our country should learn from the advanced financial supervision system of- America and Japan.Part Four studies the impact and challenge of WTO on the insurance industry and its financial supervision. At first the paper analyses the present situation and defects of the financial supervision of Insurance company and then discusses the whole impact on the insurance industry in china and its' financial supervision, At last, the paper points out the challenge imposed by WTO to the financial supervision of insurance company in china.Part Five, which considering the challenge of WTO to the financial supervision of Insurance company in china and its' defects, has put forward suggestions on the perfecting of the legal system of the financial supervision of Insurance company in china.