On Necessityand Feasibility of China's Enforcement of Environmental Pollution Liability Insurance
Jing Si-jiang
Abstract
Jing Si-jiang
Abstract
Severe environmental pollution inChina's current situation makes iturgent to implement environmental pollution liability insurance as soon aspossible.The theory and practice has proven that environmental pollutionliability insurance may take the voluntary insurance approach difficult toimplement and it is necessary to enforce the statutory form of insurance withina certain range.China'scompulsory motor vehicle traffic accident liability insurance regulations is a successfulexample and marine oil pollution liability insurance and other insurance also have a quasi-compulsory insurance feature.Because mandatory environmental pollution liability insurance is in line withinternational practice,it is feasible to make environmental pollutionliability insurance a compulsory insurance.
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Severe environmental pollution inChina's current situation makes iturgent to implement environmental pollution liability insurance as soon aspossible.The theory and practice has proven that environmental pollutionliability insurance may take the voluntary insurance approach difficult toimplement and it is necessary to enforce the statutory form of insurance withina certain range.China'scompulsory motor vehicle traffic accident liability insurance regulations is a successfulexample and marine oil pollution liability insurance and other insurance also have a quasi-compulsory insurance feature.Because mandatory environmental pollution liability insurance is in line withinternational practice,it is feasible to make environmental pollutionliability insurance a compulsory insurance.
Key concepts: Liability insurance, Business, Casualty insurance, Insurance policy, Enforcement, Key person insurance, Actuarial science, Auto insurance risk selection