On The Insurance Interests

The word insurable interest is from English, having a history of two hundred years since it appeared in the eighteenth century, which has formed a complete theory and is an important content in insurance law. The insurance legal system in our country is at developing stage, being far from having a thorough study on insurable interest, there exist a lot of problems on legislation and practice. Four parts of this paper are given to make a careful study on insurable interest.The first part is a general study on insurable interest, to define the essence and gist of insurable interest, this part mainly discusses the beginning , base,composition,significance of insurable interest.The second part analyze insurable interest in property insurance .Firstly I depicture the concept of insurable interest in property insurance ;secondly, because the insurance law of China does not define the concept of insurable interest in property insurance specificly,I stress the specific substance of insurance interest in property. Thirdly, I suggest that the interest in property insurance should belong to people in insured not the policy holder. At last, I descript the prescription of insurable interest in property insurance, in hope of making a sense of it more deeply.The third part analyze insurable interest in personal insurance .Firstly I depicture the concept of insurable interest in personal insurance; this part emphasis the concept and scope of insurable interest in personal insurance, I hold that there are many deficiencies in insurance law of China. At last, I descript the prescription of insurable interest in personal insurance, in hope of apprehending insurable interest in personal insurance comprehensively.The forth part points out the deficiencies in insurance law of China and brings forth the improvements as fellows: Redefining the concept of insurable interest in insurance law of China; suggesting that the interest in property insurance should belong to people in insured not the policy holder; altening the scope of insurable interest in personal insurance; differentiating the prescription of property insurance and personal insurance.