Research On Regulation Legal System Of Insurance Agents In China

In recent years, along with the development of the insurance industry, a vibrantinsurance intermediary market with the protection of the insurance consumers, properlegalized supervision and market-based management have been built. Although ourprofessional insurance agents develop rapidly, there are still many difficulties andchallenges emerged from the reality that limit the progress and the developments ofChinese insurance industry. Therefore this article is based on research of the currentsituation of insurance agency and accompanied with the borrowing insights of foreignagencies to illustrate some solutions to break through currently dilemmas faced byinsurance agents. Thus the agents could meet the requirements for insurance marketdevelopments and build a practicable regulatory system for the insurance agents. Notonly offer the institutional guarantee at macro level but also coordinate the relationswith insurance companies in intermediate layer, finally promoting the improving ofthe insurance agents themselves. In addition to the quote and conclusion, this thesis isdivided into four chapters:The first chapter, basic theory of insurance agents. Mainly introducing theadvantage of professional insurance agents compared with individual agent and otherforms of participants. Through the analysis of the development of insurance agents inthe developed countries and some regions, China’s insurance agents marketconsidering its own development characteristics should choose it’s own developingpattern and provoke more potential.The second chapter, analysing the current situation and problems faced by theinsurance agents in our country, one of the main cause is the immature externalenvironment of insurance market, while the other cause is due to insurance agents’unclear position in the market and ill-suited management etc. It is indeed require proper guidance from the regulatory authorities and the long-term cooperation andassistances from insurance companies.The third chapter, analysising of relationship between insurance agents andinsurance companies in the perspectives of commercial agent’s legal relation. Thenborrowing ideas from the experience of the existed foreign mature insurance agentmarket to set up the interaction framework of insurance companies and insuranceagents, which is including the obligation to guarantee the agents market accessingwork and daily supervision on agents’ behaviors.To chapter four, illustrating how to improve the legal and regulatory systems,the reason why we should not increase the barriers to entry the insurance agentsmarket and suggest that we could depend on the size of the agents to set upcorresponding regulations. At the same time the supervisor should establishinsurance companies guarantee mechanism for agents accessing, build a scientificevaluation system, adjust commission structure and complete insurance deputy system.Through executing these measures mentioned above, we could supply a well legalenvironment for insurance agents to grow and develop.