The CBRC solicited opinions on the administrative measures for insurance guarantee funds

2022-05-13 0 By

To promote the development of the steady and safe operations of the insurance industry and the high quality, better play to the positive role of the insurance guarantee fund, safeguard the legitimate rights and interests guarantee slip holder, silver circ, enacted in 2008 by the authority of the insurance guarantee fund management approach “has carried on the revision, formed the insurance guarantee fund management regulations (draft)”, recently to solicit opinions from the public.Under the existing institutional framework, targeted revisions will be made to a few clauses that do not adapt to the risk prevention and high-quality development of the insurance industry.In light of the new situation and new requirements, we will make fund rates more scientific and rational, and enhance the sustainability of the guarantee fund.We will improve the management system of insurance guarantee funds and further enhance the efficiency of fund raising, use and management.According to reports, the main contents of the revision include the adjustment of the fixed premium rate to the base premium rate plus risk differential premium rate, the establishment of a financing mechanism between property insurance and personal insurance guarantee fund, and the strengthening of legal liability for violations of the regulations.