Perfection Of Domestic Product Liability Insurance System

As a result of modern great production , product liability inevitably becomes a law issue , to which more and more countries pay attention. With the development of the system of the product liability, product liability insurance system emerges in such developed countries as America, England. The system of the product liability is beneficial to protect the legitimate rights of the consumers , and disperse the risk managements of producers and sellers. Therefore, it gradually expands to other countries. With the aggressive development of economy and international trade business, particularly the result of the globalization of world economy, lawsuits filed against domestic or foreign product liability is on an increasing trend. Since the process of establishing a national product liability legal system progressed comparatively slowly, it rendered the national situation of protecting customers' interests and spreading manufacturers' risks negatively passive. Consequently, customer protection and risk spreading for domestic manufacturer and product distributor constitutes a critical subject requiring proper solution, during the process of economic and legal system construction. Definitely product liability insurance is the solution to this issue. But at present, domestic product liability insurance market share and growth rate are well below level of developed country and average of the world, it is an important problem which the insurance faces at present how to realize the fast development of the product liability insurance.There are less literatures about product liability insurance, and most of them focus on the legislative point of view, or simply on the general theory perspective, the system fails to work together. This on the one hand, is because that domestic insurance industry got a late start, development has been interrupted; also reflects that the liability has not received enough attention. The development of the market economy needs protection from a mature insurance market and liability insurance is an important aspect. This paper hopes to analize the current situation of product liability insurance on the basis of existing data and make some recommendations on improving the product liability insurance system.Product liability insurance coverage is the product liability , which is a legal concept by specific laws and regulations stipulated . So the understanding of the legal systems of product liability insurance is extremely important. This paper is divided into four parts : the first part on the legal system related to product liability; The second section explores the emergence and development of foreign product liability insurance; Next analysis of the development of product liability insurance and it's defect; Finally, the necessity to strengthen domestic product liability insurance and recommendations on perfecting product liability insurance system.Along with the constant development of domestic economy and the constant improvement in democracy and legal system building, there is a huge potential market demand in product liability insurance.Through the efforts of the insurance industry and the relevant departments, I believe that , domestic product liability insurance in the near future will gain greater development.