Study Of The Legal Issues Of Insurance Company Solvency Regulation

As a branch of financial industry, the insurance involved business risks is a special field which is an important part of the compensation system in society and it is a great of responsibility for stability of economic society and people's living. Thus, insurance regulation is a necessary requirement to assure the legitimate interests of the insured and keep the insurance market normally. Therefore insurance solvency is the core of insurance regulation. Currently, in the Western developed countries, the insurance regulation system has gone through a hundred years of development. There has been more than twenty years of research and practice on the solvency regulation so that they has gradually formed a series regulation system and solvency analysis on the basis of their insurance industry, which are suit for national economy features in their respective development and the technology, means of regulation, monitoring system are mature relatively and the efficiency of regulation is also high. But in China,the history of professional regulation of the insurance industry is very short, Insurance Law was formulated in 1995, China Insurance Regulatory Commission was established in 1998, and Insurance Law was amended in 2009 which established the core position of solvency regulation of insurance companies from the legal height, but its regulation remains relatively weak, only initially established the basic system according to China's insurance market development and the actual situation of the solvency.We still has a bigger gap with the developed country.The main body of the thesis gives first place to theoretical analysis. In view of law science, the thesis totally is divided into four parts. Part one clarifies the meanings, significance and necessity of solvency regulation of insurance companies by introducing the basic theoretical issues. Part two introduces and compares the two main modes of USA and Britain about the systems of insurance solvency regulation. Part three summarizes the history and current situation of solvency regulation in China. Part four points out the main problems of solvency regulation in our country, based on present laws and regulations, and puts forward some suggestions about how to improve solvency regulation of insurance companies, which I hope can brings some benefit to our research.