Font Size: a A A

On The Legal Problems About Supervision Of Foreign-funded Insurance Companies Within The Framework Of WTO

Posted on:2005-09-28Degree:MasterType:Thesis
Country:ChinaCandidate:P WangFull Text:PDF
GTID:2156360125466276Subject:International Law
Abstract/Summary:PDF Full Text Request
China's insurance industry is still undeveloped. After China promised to open insurance market, more and more foreign-funded insurance companies entered into China. The domestic insurance industry is facing the intense competition with foreign-funded insurance companies. We have utilized the special and different treatments which WTO gives, and have adopted some measures to restrict the foreign-funded insurance companies' market access. But the restriction is temporary. In order to keep the competition order and promote the development of China's insurance industry, this is a only way that the foreign-funded insurance companies are effectively supervised. While the supervision's basis is consummate domestic legal system. So we should study how to perfect the foreign-funded insurance supervisory legal system of our country. That has academic value and practical worth.Therefore, this thesis comments on the requires concerning China's foreign-funded insurance supervision which are mentioned in the General Agreement On Trade In Services and Protocol on the Accession of The People's Republic of China, and studies comparatively the advanced and ripe foreign-funded insurance supervisory systems of other countries in the world. It analyses the shortcomings of current domestic foreign-funded insurance supervisory system and the relevant regulations. It thinks that the reform on foreign-funded insurance supervision should properly protect China's domestic insurance industry under the premise that we must comply with WTO's rules and keep to our promises of entry into WTO. We should base the innovations on the Insurance Law and Management Regulation of Foreign-funded Insurance Company, redefine the goal and principle of supervising foreign-funded insurance companies, establish the supervisorysystem that consists of China Insurance Regulatory Commission's macroscopical guide andthe Insurance Association's supplementary supervision, perfect the laws and regulations of foreign-funded insurance supervision constantly, establish the foreign-funded insurance supervisory systems which adapt to the current situation of our country, innovate the idea and methods of supervision. It will make our country's insurance industry develop in a healthy way among good legal environment and orderly market environments.
Keywords/Search Tags:supervision of foreign-funded insurance company, foreign-funded insurance company, insurance market, WTO
PDF Full Text Request
Related items