Research On Legal Issues Of Insurance Intermediary Supervision In China

Due to the development of social massive productivity, different divisions of labor in all fields become a trend, the insurance business can not be exceptional.The subject of insurance market consists of three parts:insurance applicant insurance economy agent and insurance evaluator.Insurance agent accounts for 1/3 of the whole insurance market, also play a unique role.Insurance agents, insurance brokers and insurance assessors are three different kinds of insurance intermediations,which are inter-related and independent to each other.All these consists of a system,which is implacable to the whole market.The interaction between insurance company and insurance institutes reflects the J reduction and professional of the whole insurance market.The history of China’s insurance company could be relatively short.A complete insurance regulate system is a necessity for the whole market, which plays a increasing role in guarantee the clients’s interest.The current insurance mediation regulate system play a important role. Especially, the new released insurance law regulate the insurance comprehensively.However, the hysteretic nature of legislation means the present insurance law can not meet the end of the development of the whole insurance market.Plenty of problems existed in the market.For instance,the status of insurance agents could be uncertain,even there are many shortages in insurance agents’regulation and so on.Therefore,to perfect the management system,improve the professional ability of the insurance staff become very urgent point for the domestic insurance market.In general, the whole economic background is good for the development of insurance agents business.The number of insurance brokers was increasing gradually,the administration procedure is decreasing which accelerated the whole business’s prosperity.The new released Insurance Law lay a solid foundation for this filed.The interaction between China and the international community push the domestic market face the challenges and opportunity as well.Meanwhile, the further and detailed regulation of Insurance law could set a example for the practice of insurance law.Draw from both domestic and foreign insurance fields could be the reference for more reasonable and just accordance for the whole business.