Study Of Product Liability Insurance System

With the development of modern industries, increasingly rich social product, product liability risks also will be increased. Product liability insurance is product liability legal system, its main function is to be passed on producers and sellers of business risks, ensure that consumers could receive timely financial compensation, to protect the legitimate rights and interests of consumers. With the acceleration of global economic integration, the rapid development of international product liability regime as well as the increasing number of product liability litigation, product liability insurance attracted national attention.In Western countries,In advanced insurance concepts and a sound legal system, under the guidance of product liability insurance system is relatively mature. Product liability legal system in China is relatively backward in the protection of the interests of consumers and producers spread risk is still in a passive state. Therefore, how to improve the legal system of China's product liability insurance to protect the interests of consumers, as well as scattered producers and sellers of business risks, become the process of China's legal system an important issue that need urgent solution.