Okay, here is the translation following your instructions: Liability insurance and claims handling

Author: Fan Qirong
Publisher:
Publish Date: 2002-02-01
Features: The establishment and sound operation of a market economy are the dynamic factors driving the comprehensive development of China's insurance industry. In this process, liability insurance has increasingly highlighted its important role. In modern society, the responsibility for compensation for one's own actions constitutes an unexpected burden, regardless of the perspective. When this burden becomes too great, exceeding the capacity of the person who committed the act, not only will they fall into poverty and hardship, but the interests of the victims of the act will also be poorly protected. The advancement of science and technology has opened up broader spaces for human activities while also significantly increasing the possibility of bearing liability for damages caused by one's own actions. The continuous evolution and changes in civil legal systems, particularly in civil liability systems, have further expanded the scope of liability that members of society must bear for their own actions. Therefore, there is an urgent need for an effective risk transfer measure to spread the risk of bearing liability. The aggregation, distribution, and absorption of losses constitute the essential characteristics of insurance. In liability insurance systems, the insured transfers the concentrated liability risk for others to the insurer by paying insurance premiums, and this risk is shared among similarly insured individuals or by society as a whole. The full realization of this system's function can distribute the liability of the parties involved and ensure that victims of accidents receive timely compensation, achieving a "multi-win" situation for all three parties. The most distinctive feature of liability insurance lies in the of its insurance subject, which is the liability of the insured for damages to third parties. This feature determines that there are many differences between the basic theories of liability insurance and those of general property or personal insurance. Unfortunately, the fundamental theoretical research on liability insurance in China is still very weak, especially in terms of institutional construction and analysis related to liability insurance, which is nearly blank. Existing insurance theoretical research pays little attention to liability insurance, as is evident from some published professional books. At the same time, the "Insurance Law" contains only two provisions on liability insurance, which is far from meeting actual needs. Constrained by these factors, the practice of liability insurance operations is also not optimistic, and many issues in the existing insurance types need to be resolved. Due to professional studies or work, the editors of this book have developed a strong interest in liability insurance and have conducted some research. During the writing process, we have divided the book into two parts. Part 1 (Chapters 1-4) is the theoretical discussion part, focusing on introducing the basic principles of liability insurance, liability insurance contracts, the compensation liability of liability insurance, and the classification of liability insurance; the second part (Chapters 5-11) is the practical research part, emphasizing the introduction of the basic conditions of some liability insurance types that have been developed. In both parts, the discussion of the claims and compensation rules of liability insurance is particularly highlighted. To make the content of the book richer and more detailed, the editors have tried to supplement some cases and insurance policy clauses.