Legal Issues Of Mutual Insurance Companies

Mutual Insurance Company as one of the two major forms of organization ofinsurance companies to keep pace with the shares of insurance companies in the world,occupies an important position in the global insurance market. Than30years of reformand opening up, China’s insurance industry has developed rapidly and is the fastestgrowing national economy, but also one of the most dynamic industries play anincreasingly important role in the service the entire economic and social developmentprocess. However, compared with developed countries, China’s insurance industry is anemerging industry is still in the early stages of development, whether insurance depth,density, or the degree of maturity of the market, there is a considerable gap. Expandingthe opening up of the insurance industry in the context of globalization of the insuranceindustry and China’s accession to the WTO, the Chinese insurance industry reform anddevelopment of the inevitable choice. In this form, if not timely introduction of this formof organization of mutual insurance companies, whether it is out of our insurancecompanies will face a variety of insurance organizations in the form of competition to go,or bringing in, which would make China’s insurance companies in the internationalcompetition into passivity. By the visits of foreign insurance market and the legal system,as well as the practice of mutual insurance companies have shares of insurancecompanies do not have the advantage。 it is not difficult to see that, if we can build acomprehensive insurance legal system, which it introduced into China, effectivesupplement as a commercial insurance company can not reach the field, will play animportant role in promoting social harmony and stability for the improvement of theinsurance system in China, and to promote effective competition in the market, andenhance society’s ability to resist risks.