Legal system of fishery insurance in Korea

Korea has established perfect legal system of fishery insurance in a short period of time.Its main contents include the legislative objective,the regulatory framework,the financial support from government,the establishment and responsibilities of insurance deliberation board for fishery disaster compensation,the fishery insurance institution,the business rules,the fishery reinsurance,and the fishery insurance dispute resolution mechanism.We can learn from Korea's experiences while China carries on its establishment of fishery insurance system.China should emphasize on the legislation of fishery insurance.The government should provide the fishery insurance institutions with financial support.Mutual fishery insurance organization and fishery insurance cooperative should be the main organizations which can operate fishery insurance.We should explore to make fishery insurance system.