On The Supervision And Management Of Insurance Agents

Insurance develops with the development of economy. Insurance agent was born with the development of the insurance. From the data of the China Insurance Regulatory Commission (CIRC), there are 71 insurance companies in all kinds, and 184 foreign representations. Up to Feb. 29th, 2004, there have been 1264 intermediary institutes, among which, there are 532 insurance agents, and there are still 338 insurance agents waiting for setting up. There are over 1.2 million people engaged in insurance agency. There was RMB388 billion insurance premium in 2003 overall, in which 70 percent came from insurance agents. Insurance market is opening and the group of insurance agent is expanding. The open market needs normative order. So the supervision is needed not only by the healthy development of insurance, but also by the combination of our insurance with international insurance after entering the WTO.The discussion about supervision of insurance agent is based on two theories, namely, Public Interests Theory and Public Choosing Theory. Public Interests Theory considers that if the market is in the condition of entire competition, the"invisible hand" can regulate it and achieve the best effect. Public Choosing Theory emphasizes that the aim of supervision is to protect the powerful group. In all the Public Choosing Theory, the Capture Theory is notable. It has meaning in two aspects: One, supervision is good to the person supervised; Two, the ability of both sides will be improved. Though both theories have shortcomings (the former lacks practical support and the latter lacks theoretic support), but they can still be the foundation of supervision of insurance agent. The thesis introduces the mode of U.S.A., Japan, Singapore, Hong Kong on the insurance agent supervision, and points the common characteristics among them which deserves that our country draws lessons from. All of the insurance agent supervision modes should adapt to the concrete conditions of their native country. First of all, the government's management to insurance agent is all based on complete law. Secondly, it is great to give play to supervision function from three aspects against insurance agent. Moreover, education, training and examination system have promoted the insurance agent's quality effectively, also have standardized the market behavior of the insurance agent. Meanwhile, this chapter points out the disparity between them and our country in these respects, and also proposes some methods which are worth that our country draws lessons from. However, it proposes in the thesis that before drawing lessons from, the most important thing is to consider the practical conditions of our country, consider the current situations and development trends of the insurance agent of our country.This thesis has described current situation and development trend, and also the current situation of insurance agent supervision of our country. The insurance agent of our country is divided into personal agent, part-time agent and professional agent at present, which have already become indispensable strength in the insurance market of our country. But affected by various kinds of comprehensive factors, the insurance agent of our country demonstrates the characteristics of variety, complexity, etc.. It is not regulatory with some shortcomings. With the constant expansion of insurance and the pouring of foreign insurance agency institute into inner insurance market, the professional insurance agency institute is the powerful strength in order to tackle the fierce market competition for several advantages. At present, there have been great progresses in the subject and law of insurance agents supervising of our country. But there exist some problems to be solved urgently. In order to point out the supervisor and the supervisor's action of the insurance agent, it is important to make clear the present status and the trend of the insurance agent, and also the present supervision status.This thesis points out the supervision of the government to insuranc...