The Insurance Guarantee Fund Risk Management Law Studies

This paper defines the basic concepts about the legal system of InsuranceProtection Fund (IPF), and draws lessons from the researches of developed countriesand regions of Europe, United States, Japan and Taiwan of China, combining with thebackground, opportunities and the actual development of Insurance Protection FundSystem (IPFS) and the Insurance Protection Fund Company (IPFC) of more than threeyears from establishment to accelerated development, as well as both positive andnegative practical experience, making comprehensively good use of theoreticalknowledges and research methods of law, economics, finance and other related fields,to focus on the research about the legal system construction and the specific legalnorms and practice of the assisting on insurance companies with risks and thepolicy-relieving on concerned policyholder, which are two key components of theInsurance Protection Fund Risk-disposing System (IPFRS), so as to clarify andachieve the legal status, rights and obligation of insurance protection fund companyand the relevant functions. This study suggest that the supervision authorities shall assoon as possible promulgated and implemented the Insurance Security FundManagement Ordinance, masterly apply the various risk-disposing methods andactively improve the range and standard of policy-relieving, meanwhile, constantlyenhance the relative independence of IPF and IPFC, moreover eventually establish thecorresponding information platform, in order to overall upgrade the scientific andefficient action and effect of IPFRS.