Interpretation and Practical Guide to the People's Republic of China Insurance Law

Author: Economic Law Office, National People's Congress Law Commission
Publisher:
Publish Date: 2002-11-01
Features: The 30th session of the Standing Committee of the Ninth National People's Congress revised and passed the "Insurance Law of the People's Republic of China." This revision was made to adapt to the situation and needs of China's entry into the World Trade Organization, as well as to respond to the actual changes in the internal structure and external environment of the insurance industry, such as the reasonable and effective use of insurance funds, the limitation of the agency authority of individual insurance agents, the strengthening of supervision over the insurance industry, the standardization of insurance activities, and many other new situations and issues to protect the legitimate rights and interests of the parties involved in insurance. To help professionals engaged in insurance activities, insurance agents, and parties to the insurance accurately understand and correctly implement the Insurance Law, the comrades directly involved in the revision of the Insurance Law by the National People's Congress Law Commission have conscientiously organized the writing of this supplementary reading material. It can serve as a basic textbook for learning, training, and promoting the implementation of the revised Insurance Law.