Analysis On The Present Situation Of Directors Liability Insurance Law

This paper On the basis of a simple telephone survey on the status ofimplementation of the directors’ liability insurance, make a more systematic legalanalysis of the status of implementation of the directors’ liability insurance from thetheory, practice. The full text divided into an introduction, body and conclusion ofthree parts, which the body of a total of three chapters.The introductory section describes the origin of the directors’ liability insurance,and simply describes the development of the current directors’ liability insurance inthe world. The purchase rate in Europe, the United States, Japan, and China’s HongKong is higher.The chapter one first introduces the meaning of the directors’ liability insurance,and then analyze the basis for the existence, including the theoretical basis, relevantlaws and practical function. The theoretical basis of the Ministry discusses the civilliability of directors and liability insurance. The theoretical basis describes the legalbasis for the directors of civil liability, and the relevant legal provisions of thedirectors’ liability insurance. The practical basis describes the need for directors’liability insurance from the perspective of the company, ordinary shareholders, marketanalysis. The practical basis describes the need for directors’ liability insurance fromthe perspective of the company, ordinary shareholders, market analysis.Through the chart for the second chapter describes implementation of the statusquo made to the results of the telephone survey of directors liability insurance, theresult is that the directors’ liability insurance in China is not optimistic about the statusof implementation.And then analyze the survey results. The third chapter analyzes the reasons forunderdevelopment of the Director Liability Insurance. The first is conceptualproblems, both the lack of a correct understanding of the liability risks, and generallybackward in sense of insurance. Then analyze the legal system’s lack of points, suchas directors’ civil liability for damages imperfect system, directors liability insurance system does not have the clear provisions of the law. And there are someunreasonable place in the contract of directors’ liability insurance.Chapter three research the countermeasures which promote the development ofour directors liability insurance, recommend the prosecution of directors of theobligations and responsibilities more clearly, directors of civil liability for damagessystem further improved, develop appropriate legal provisions to clear the system ofdirectors’ liability insurance, in addition, improve certain provisions of the Directors’Liability Insurance Contract, include modify insurance coverage, remove theexclusions and burden of premiums, insure the directors’ liability insurance should bemandatory disclosure.