Competition Law Of China's Insurance Industry

Insurance industry plays an important role in the national economy. It has great functions on stabilizing society and developing economy. The insurance market in China has been monopolized for a long time. With China's entry to WTO, a large number of foreign insurance giants enter China's insurance market, which increases competition in insurance markets in China .It will be a challenge to the domestic insurance enterprises. Emergence of some damaging competitive behavior not only violates the rights of consumers but also deters the healthy development of the insurance market. Therefore, it has been urgent to establish the regulation system of competition law. Only this can we improve the insurance competition order and maintain a healthy development of insurance industry.Based on the analysis of the application of insurance law theories to insurance industry, and the present situation of the domestic and foreign insurance industry, this thesis has employed the comparison method and made the following suggestions to improve and perfect the regulation system of competition law in the insurance industry in China: making certain the main law enforcement by legislation; Increasing the supervisors ,for example, industry associations and community should play a supervisory role. At the same time, strengthening cooperation of these supervisors; the minimum solvency as the core mode of supervision; establishing the system of exception of application, and increasing the extent of punishment to damaging competitive behaviors.