The Research Of Legislative Issues Of The Venture Capital Insurance System In China

The venture capital by way of the transformation of scientific and technological achievements to promote the structure of conventional industries and it plays an important role on the production and development of newly economy. Only we rely on the venture capital fully, we can promote the development of new-and high-tech industries and fulfill the strategy of promotion the strength of the national economy and international competitive power. There are many risks hiding in the high technology venture capital and how to keep watch and solve those risks is a new problem. It is not only a key factor in the development of venture capital, but also it matters a great deal about the development of insurance system.This paper explains the concepts about the venture capital insurance system, compares the venture capital insurance system with the normal commercial risks system, analyses the sorts of risks in the venture capital and discusses the value of legislation. There are kinds of risks of the venture capital and they come from different aspects of technique, market, management, funds and surroundings. The measurements of the risks of the venture capital are very complex. Once the risks occur the insurance will suffer heavy losses, so companies don't want to undertake the insuring and also have no ability to assume the whole responsibility. We must fill in the gaps of laws about the venture capital insurance system and establish the venture capital insurance system in our country. The structure of the venture capital insurance should be subordinated to the government. The venture capital insurance system makes government as its backing.This paper sets up principles of legislation, discusses efficiency of legislation and fixes the legal character of the structure of the venture capital insurance and fund-raising of the structure. According to the analysis of above-mentioned content, this paper puts forward legislative model of the venture capital insurance system and makes legislative interpretation about applicant for insurance, insurant, insurance coverage, premium, insurance compensation and thoughts on the laws concerning settling the insurance disputes in the venture capital insurance system.