The Institutional Building Of The Chinese Insurance Consumer Rights Pretection

In recent years, the Chinese insurance industry developed rapidly, however, thedevelopment hided many risks, what restrict the further development of China’sinsurance industry. One of the most prominent problems is that the lrights andinterests of insurance consumers lack of effective protection. According to the basicprinciples of market supply and demand, consumer demand plays a vital role in thedevelopment of the industry. Their legitimate rights and interests of effectiveprotection is a key factor affecting consumer demand. China’s insurance industrywould like to achieve leapfrog development, must protect consumers’ rights. Thelegitimate rights and interests of insurance consumers can not get the protection, thisis the result of joint action by a variety of reasons. Relative to developed countries,Chinese insurance law is still not perfect, need to further improve. The way ofadministrative supervision and efficiency also needs to be improved. In addition, theactivities of the insurance market actors still have huge room to be improved, one ofthe most realistic question is insured and insurer information asymmetry.Insurance Consumer Protection has become the focus of the theoretical study ofthe national insurance. It is an urgent need to improve the links for Chinese insurance.This article analyzes from the multiple perspectives of legal, administrative,regulatory, economics and insurance information asymmetry features our InsuranceConsumer Protection Status and Causes., and trying to build a relatively completesound insurance consumer protection system. I hope to help build the consumerprotection system.The Introduction section of the article introduces the research background of thearticle, the real meaning and research background content. In the first chapterdescribes the theoretical basis of the Insurance Consumer Protection and significance,in order to pave the way for the further studies. The second chapter of the article introduces Chinese insurance consumer protection existing defects and causes. Inthe third chapter, I Analysis the experience of the United Kingdom, the United States,Germany, Japan, the National Insurance Consumer Protection from various aspects ofthe legal system, insurance regulators and insurance disputes settlement mechanism.The final chapter learns from experiences and lessons of the foreign insuranceconsumer protection, and combined with Chinese actual conditions, Meaning ofChina’s insurance consumer protection system building, protect suggestions to buildChines insurance consumer protection system.