| China Insurance Regulaory Commission and China banking Regulatory Commission were established in succession . This reformation measure forms the banking regulatory organization system consisted of CIRC, CSRC and CBRC three specialized regulatory organization in our country. It settles the problem that the relationship is not smooth and the power is insufficient, which existed in our insurance administration system over a long period of time It establishes the independency of our insurance regulatory organization, improves the authority of our insurance regulatory organization and ensures our insurance development in a good health.The main target of insurance regulation is to protect the impartial contest in the insurance market, to defend the benefit of the consumer, t> maintain the stability of the insurance organization and to breed a better insurance market. But there are many deficiencies in our insurance regulatory organization at the moment. In the wake of the world economic integration and banking integration, the liberalization and integration of the insurance market develop continuously. The foreign insurance capital rush to occupy Chinese market. The contest of the insurance market is intensified. After China joined the World Trade Organization, the Chinese insurance trade are faced with tremendous pressure. Therefore, it is an extremely urgent problem to establish an effective insurance regulatory system.To make the insurance regulation in China be perfect, we should establish a insurance legal institutions ystem according with the condition of our country by means of speeding up the construction of insurance legal institutions; we should put up a multi-level insurance legal regulatory system in all direction through strengthening the building of regulatory ystem, which contains government supervision, enterprise inner charge, profession autonomy and social control; we should build a cooperation and exchange system of insurance regulation by way of reinforcing the connection and harmonization with the other bulking regulatory organization. |