Research On The Insurance Guaranty Fund System In China

On account of the rapidly developing capital market, and financial market’s vulnerability and externalization, insurance could influence not only financial consumers’ interests, but also the financial market. Inevitably, the Insurance Guaranty Fund system was established. As the symbol of the establishment of The Insurance Guaranty Fund system, the Insurance Guaranty Fund Measures, formulated by CIRC in 2005, was revised for years later in 2008, which had a substantial leap. Nevertheless, questions still exist in the Measures, compared with western countries. Based on insurance related theory knowledge of law, economic law, economics, this paper, mainly with comparative research method, proposes some new design, compared with developed countries.This paper will concentrate on the following chapters to analyze the Insurance Guaranty Fund system in China.The first chapter introduces the basic theory of Insurance Guaranty Fund system, illustrating its production and theoretical basis to reveal our system and its problem, the great importance on capital market, and the urgency and significance to improve the system.The second chapter is about the international comparison of the insurance guarantee fund. This chapter mainly talks about the difference of the United States, Japan, and Britain’s national Insurance Guaranty Fund system, as reference to perfect our system.Through the analysis of the former chapters, the third chapter mainly focuses on the perfection of the Insurance Guaranty Fund system in China and putting forward feasible suggestions. The original intention of the system, focusing on consumer protection, is to discover problems from four aspects, legislative purpose, authority, liquidation responsibilities, and the eligibility compensation object, and put forward some feasible suggestions.