Guarantee Insurance System

The guarantee insurance is produces along with the fast generalization and development of the commercial credit. Compares with other Safe services, the guaranteed insurance is one kind of special safe service, its existence time is not certainly long. The earliest country who first handles the guarantee insurance service is US, then is Western Europe. In 1901, the American Maryland's honest deposit company has provided the guaranteed insurance contract in England, and this then is the embryonic form guarantees of the insurance system. Afterwards, England's several insurance company has also set up this service, in 1914, the honest deposit company withdrew from Europe, several England's insurance company opened the European contract guarantee service market. Japan also has recently set up the guarantee safe service in several years. At present, quite many ordinary insurance companies and the specialization insurance companies in abundance conclude the guarantee insurance contract according to the policy holder the request all over the world, the western nation guarantee insurance system oneself are gradually tending to the consummation. It can provides the guarantee insurance to each kind of type contract, such as the cargo business, lend money, the project contract and so on.Popularization expend which along with our country market economy system establishment and the credit, according to People's Bank of China silver duplicate (1,997) 48 " the reply to a subordinate about 'guarantee insurance service' ", each insurance company also gradually started to promote the guarantee insurance service, such as installment payment business guaranteed the insurance, the quality guaranteed the insurance, the housing expense loan guarantee insurance, the housing expense loan guarantee insurance, the automobile expended the loan guarantee insurance and so on. But, until the end of 90's, the People's Insurance Company and several bigger insurance companies only then starts to establish the guarantee insurance service such as the motor vehicle to expend the loan, the commodity apartment according to uncovers and so on, and once stopped, obviously honored an agreement to guarantee the insurance service moved towards by no means. Moreover the present insurance law to guaranteed the insurance1certainly not explicit stipulation, the safe profession supervising and managing department with the court to guaranteed the safe understanding is inconsistent. Guarantee safe related law system obvious lag to the demand of the evelopment of the practice of insurance industry. In view of this, the author will make a preliminary discussion about several legal matters of our country.