On Theoretical Source of Insurance Control
Hongbin Guo
Abstract
Hongbin Guo
Abstract
Insurance control means that governmental institute of insurance control supervises and control the insurance market, organizations and business of the subject in the insurance market in accordance with law. Insurance control is different from the control over the ordinary subjects of insurance market and their business. This is decided by insurance, insurance contracts, and the particularity of insurance market. A lot of problems such as malfunction of market are the economic source of insurance control, while the legal source of insurance control lies in the necessary means and important way to realize the order value of law and the value of justice. It is also the need of realizing the value of freedom, efficiency and other values of law.
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Insurance control means that governmental institute of insurance control supervises and control the insurance market, organizations and business of the subject in the insurance market in accordance with law. Insurance control is different from the control over the ordinary subjects of insurance market and their business. This is decided by insurance, insurance contracts, and the particularity of insurance market. A lot of problems such as malfunction of market are the economic source of insurance control, while the legal source of insurance control lies in the necessary means and important way to realize the order value of law and the value of justice. It is also the need of realizing the value of freedom, efficiency and other values of law.
Key concepts: Insurance law, Business, Insurance policy, Key person insurance, Actuarial science, General insurance, Casualty insurance, Property insurance